Aastha Spintex Approves 1:1 Bonus Issue, Final Dividend, and Capital Increase
Aastha Spintex approved a 1:1 bonus share issue and recommended a final dividend of ₹0.10 per share for FY26. Authorized share capital will increase from ₹45 crore to ₹100 crore. The company is also integrating into grey fabric manufacturing and trading. The Record Date will be announced shortly.
The bonus issue, dividend, capital increase, and strategic diversification into a new business vertical are significant events that are likely to have a substantial impact on the company's stock performance and shareholder value.
The company announced a bonus issue, a final dividend, and a significant increase in authorized share capital, along with strategic expansion into grey fabric manufacturing. These are all positive developments for shareholders and the company's growth prospects.
Aastha Spintex Limited's Board of Directors, in a meeting held on July 23, 2026, approved a significant bonus issue and recommended a final dividend. The company will issue one new fully paid-up equity share of ₹10 each for every one existing fully paid-up equity share of ₹10 held, subject to shareholder approval and stock exchange clearance.
The Board also recommended a final dividend of ₹0.10 per equity share (1% of face value) for the financial year ended March 31, 2026. This dividend, if approved at the ensuing Annual General Meeting, will be paid to shareholders on record as of a soon-to-be-announced Record Date.
Furthermore, the company proposed to increase its authorized share capital from ₹45 crore to ₹100 crore, subject to shareholder approval. This move is intended to facilitate future equity issuances. Aastha Spintex is also strategically expanding into the grey fabric business, moving up the textile value chain following its capacity expansion in yarn manufacturing. The company will now engage in the manufacturing and trading of grey fabrics, catering to both domestic and international markets under its proprietary brand.
The Record Date for both the Bonus Issue and the Final Dividend will be announced shortly, adhering to regulatory requirements. The bonus shares are expected to be credited and dispatched within two months from the Board's approval, by September 22, 2026. The Board meeting commenced at 11:00 AM and concluded at 1:15 PM IST.
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Aastha Spintex Limited filed this with the NSE as a statutory disclosure, categorised under bonus issue. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Aastha Spintex Limited. Read the original for the full detail.