Aastha Spintex declared a 1:1 bonus share issue and recommended a final dividend of Re 0.10 per share for the fiscal year 2026, the company announced on July 22. The board also approved raising the authorised share capital to ₹100 crore and sanctioned an expansion into the grey fabric business, subject to regulatory approvals, according to livemint.com.
The bonus share issue means shareholders will receive one additional share for every share held, effectively doubling the number of shares. The board's approval to increase authorised share capital to ₹100 crore will support this issuance and future growth initiatives. The expansion into the grey fabric segment marks a strategic move to diversify the company’s textile portfolio, pending necessary approvals, as reported by thehindubusinessline.com.
This move positions Aastha Spintex to strengthen its presence in the value-added textile sector, which is gaining traction amid rising demand for diversified fabric products. The bonus issue is expected to enhance liquidity and shareholder value, while the capital raise and business expansion align with broader industry trends where textile firms are investing in higher-margin segments to boost profitability, according to market data from livemint.com.
The record date for the bonus share issue and dividend entitlement has been set, with shareholders eligible to receive the benefits based on holdings as of that date. The company’s next steps include securing approvals for the grey fabric business expansion and implementing the capital increase, with further announcements expected following regulatory clearances.