1 week ago
Aastha Spintex Hits Upper Circuit After Dividend Record Date
Aastha Spintex makes cotton yarn and is based in Gujarat.
Its shares rose by 10% to ₹80 on August 26.
The company chose September 9, 2026, to decide which shareholders may receive its proposed dividend.
The proposed dividend is 10 paise for each share, but shareholders must approve it first.
At its September 16 annual meeting, shareholders will also discuss giving one free share for every share they own.
The company wants to increase the amount of share capital it is allowed to issue from ₹45 crore to ₹100 crore.
It also plans to make grey fabric and other higher-value fabric products.
This expansion follows its acquisition of Falcon Yarns, which increased its yarn-making capacity.
Aastha Spintex shares rose 10% to ₹80 on August 26 despite broader market weakness.
The company set September 9, 2026, as the record date for its proposed final dividend.
The board recommended a final dividend of Re 0.10 per ₹10 equity share, subject to AGM approval.
Shareholders will consider a 1:1 bonus issue and raising authorised capital from ₹45 crore to ₹100 crore.
After acquiring Falcon Yarns, the company plans to expand into grey fabric and value-added products.
- Who
- Aastha Spintex, its shareholders and Falcon Yarns Private Limited.
- What
- Aastha Spintex fixed a dividend record date and will seek approval for a final dividend, a 1:1 bonus issue, higher authorised capital and fabric expansion.
- Where
- The company is based in Halvad, Gujarat, and its shares trade on the NSE and BSE.
- When
- The share move occurred on August 26; the record date is September 9, 2026, and the 13th AGM is scheduled for September 16, 2026.
- Why
- The proposed measures are intended to reward shareholders, facilitate the bonus issue and support future funding, while fabric expansion aims to capture more value across the textile supply chain.
Key facts
- Share price move
- Shares hit the 10% upper circuit at ₹80 on August 26.
- Dividend record date
- September 9, 2026.
- Proposed final dividend
- Re 0.10 per equity share with a face value of ₹10, subject to AGM approval.
- Annual General Meeting
- The 13th AGM is scheduled for September 16, 2026.
- Bonus issue
- One fully paid-up bonus share for every share held, or a 1:1 issue.
- Authorised share capital
- Proposed increase from ₹45 crore to ₹100 crore.
- FY26 financial performance
- ₹352 crore in revenue from operations and ₹23.8 crore in net profit.
- Falcon Yarns order book
- Approximately ₹51.46 crore for execution between August and October 2026.
Quotes
Aastha Spintex
Gujarat-based integrated cotton yarn manufacturer
“The bonus shares shall be allotted to members whose names appear in the Register of Members/Beneficial Owners on the record date fixed by the Board.”
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