Astron Multigrain Ltd

Astron Multigrain Limited has appointed M/s. Babubhai Patel & Associates, Chartered Accountants, as its Statutory Auditors to fill a casual vacancy caused by the resignation of M/s. Piyush Kothari & Associates, Chartered Accountants, with the appointment effective from September 2, 2026, pending shareholder approval. The Board of Directors also approved the reappointment of M/s. Babubhai Patel & Associates for a term of five consecutive years, commencing after the conclusion of the Eighth Annual General Meeting in 2026 and continuing until the Thirteenth AGM in 2031, subject to shareholder approval.

Astron Multigrain will hold a meeting of the Board of Directors of the Company on 30 May 2026.

The scrip was listed at Rs 50.40, a discount of 20% over the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 50.40 and a low of Rs 47.88. About 14,000 shares of the company changed hands at the counter. Astron Multigrain's IPO was subscribed 1.21 times. The issue opened for bidding on 1 December 2025 and it closed on 3 December 2025. The price band of the IPO was fixed at Rs 63 per share. The IPO comprised a fresh issue of 23,40,000 equity shares and an offer for sale of 5,80,000 equity shares. Promoters' shareholding reduced to 66.05% post-IPO from 99.99% pre-IPO. The company intends to utilize the net proceeds for purchasing machinery, meeting capital requirements, and other general corporate purposes. Astron Multigrain, established in year 2018, is engaged in the manufacturing of instant noodles. The company undertakes contract manufacturing for Gokul Snacks, which markets the products produced by Astron Multigrain under its own brand name. The company also manufactures noodles for own brand sales which is sold under trade name 'Astron's Swagy Noodles'. As of 31 October 2025, 93.93% of the company's revenue was generated from Gujarat, while 6.07% came from Maharashtra. Revenue from its own-brand operations accounted for 70.67%, whereas 29.33% of revenue was derived from contract manufacturing. As of 31 October 2025, the company had 15 employees. The company recorded revenue from operations of Rs 23.57 crore and net profit of Rs 2.11 crore for the period ended 31 October2025. Powered by Capital Market - Live