Aastha Spintex to Hold 13th AGM on Sep 16, 2026; Proposes Bonus Issue & New Auditor
Aastha Spintex Limited will hold its 13th AGM on September 16, 2026, via VC/OAVM. The company proposes a final dividend of ₹0.10 per share and a 1:1 bonus issue, capitalizing up to ₹44.14 Crore. M/s. S N D K & Associates LLP are proposed as new statutory auditors for five years. Mr. Utsav Himanshu Trivedi is proposed as an Independent Director.
The bonus issue and dividend declaration are positive for shareholders. The change in auditors and appointment of new directors are standard corporate governance events. The increase in authorized capital indicates potential future expansion.
The announcement includes positive corporate actions such as a proposed dividend and a bonus share issue, along with routine but important governance updates like auditor and director appointments.
Aastha Spintex Limited has announced that its 13th Annual General Meeting (AGM) will be convened on Wednesday, September 16, 2026, at 3:30 PM IST. The meeting will be conducted through a two-way Video Conferencing (VC) facility or other audio-visual means (OAVM).
Key agendas for the AGM include 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 for FY 2025-26. Additionally, the company proposes to appoint M/s. S N D K & Associates LLP as the new Statutory Auditors for a term of five years, replacing the retiring auditors M/s. S. N. Shah & Associates. The remuneration for the new statutory auditors for FY 2026-27 is fixed at ₹7.00 Lakhs plus applicable taxes and out-of-pocket expenses.
Furthermore, the company seeks approval for the ratification of remuneration for Cost Auditors for FY 2026-27, amounting to ₹50,000/- plus applicable taxes and expenses. The appointment of Mr. Utsav Himanshu Trivedi as an Independent Director for a term of five years, effective from August 25, 2026, is also on the agenda. The company also plans to increase its authorized share capital from ₹45 Crore to ₹100 Crore and appoint M/s. Utkarsh Shah & Co. as Secretarial Auditors for a term of five consecutive years.
A significant proposal is the issue of bonus equity shares by capitalizing reserves, with the company planning to issue one bonus share for every one existing equity share held. The amount to be capitalized from Free Reserves & Securities premium account and capital redemption reserve account as at March 31, 2026, is not exceeding ₹44,14,21,900/-.
The dividend, if declared, will be paid within 30 days from the date of the AGM. The record date for determining entitlement to the final dividend is Wednesday, September 09, 2026.
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Aastha Spintex Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.