Aastha Spintex Announces 13th AGM on Sept 16, 2026; Approves Bonus Issue, Dividend
Aastha Spintex Limited will hold its 13th AGM on September 16, 2026, via video conference. The company will consider adopting FY26 audited financials, declare a final dividend of ₹0.10 per share, and appoint new statutory auditors. A significant proposal includes a 1:1 bonus share issue funded by capitalising reserves up to ₹44.14 crore.
The announcement includes a bonus issue, which directly impacts shareholder equity and can lead to increased trading activity. The declaration of a dividend and changes in auditors also have a material impact on investor perception and corporate structure.
The announcement is positive due to the declaration of a dividend and the approval of a bonus issue, which are generally favorable to shareholders. The appointment of new directors and auditors also indicates corporate governance and operational continuity.
Aastha Spintex Limited has announced the issuance of the notice for its 13th Annual General Meeting (AGM), scheduled to be held on Wednesday, September 16, 2026, at 3:30 p.m. IST, through video conferencing. The Board of Directors, in a meeting held on August 25, 2026, approved the agenda for the AGM.
The company has fixed Wednesday, September 09, 2026, as the cut-off date for determining shareholder eligibility for remote e-voting. The remote e-voting period will commence on Saturday, September 12, 2026, at 9:00 a.m. and conclude on Tuesday, September 15, 2026, at 5:00 p.m.
Key business to be transacted at the AGM includes the adoption of audited financial statements for the financial year 2025-26, re-appointment of a director liable to retire by rotation, and the declaration of a final dividend of ₹0.10 per equity share (1% of face value) for FY 2025-26. The company also proposes to appoint M/s. S N D K & Associates LLP as the new Statutory Auditors for a term of 5 years and ratify the remuneration of M/s. Modh Rahul & Co. as Cost Auditors for FY 2026-27.
Furthermore, the agenda includes the appointment of Mr. Utsav Himanshu Trivedi as an Independent Director for a term of 5 years, effective August 25, 2026. The company also seeks approval to increase its authorized share capital from ₹45 crore to ₹100 crore and to approve the issue of bonus equity shares by capitalizing reserves amounting to not exceeding ₹44,14,21,900/-. The bonus issue ratio is set at 1:1, meaning one bonus share for every one existing equity share held.
The appointment of M/s. Utkarsh Shah & Co. as Secretarial Auditors for a term of five consecutive years (FY 2026-27 to FY 2030-31) is also on the agenda. The meeting will be conducted entirely through virtual means, with no physical attendance permitted.
A plain-language summary of a public exchange filing by Aastha Spintex Limited. Read the original for the full detail.