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Aastha Spintex Sets Bonus Record Date Amid ₹25 Crore Order
Aastha Spintex plans to give shareholders one new share for every share they already own.
The company will check its shareholder list on Monday, September 28.
Investors needed to buy the shares by Friday, September 25, to be considered eligible.
The stock market is closed on Saturday and Sunday.
Aastha Spintex also received a ₹25 crore order to make and supply Greige Fabric.
The order will run for two years and cannot be cancelled under its terms.
Work is expected to begin with an initial 30-metric-ton contract within two months.
The company’s shares ended the session at ₹80.82 after falling 9.99%.
Aastha Spintex has announced a 1:1 bonus issue for existing shareholders.
Monday, September 28, is the record date for determining bonus-issue eligibility.
Friday, September 25, is the last trading day to buy shares for eligibility because markets are closed over the weekend.
The company secured a ₹25 crore, two-year, non-cancellable Greige Fabric supply order from JSK Textile LLP.
Aastha Spintex shares closed 9.99% lower at ₹80.82 on the BSE, with a market capitalization of ₹356.76 crore.
- Who
- Aastha Spintex Limited, its shareholders, and JSK Textile LLP.
- What
- Aastha Spintex announced a 1:1 bonus issue and secured a ₹25 crore Greige Fabric supply order.
- Where
- The shares traded on the BSE, and the company is headquartered in Gujarat.
- When
- The eligibility record date is Monday, September 28; Friday, September 25, was the stated last day to buy for eligibility.
- Why
- The record date determines which investors qualify for the bonus shares, while the order supports the company’s textile-business expansion.
Key facts
- Bonus ratio
- 1 new fully paid-up equity share for every 1 existing share
- Record date
- Monday, September 28
- Last stated purchase date
- Friday, September 25
- Order value
- Approximately ₹25 crore
- Order duration
- Two years, on an ex-mill basis
- Customer
- JSK Textile LLP
- Closing share price
- ₹80.82, down 9.99% on the BSE
Quotes
Aastha Spintex Limited
Textile company whose board announced the bonus issue
“The orders represent the Company’s continued expansion of its existing textile business and its ability to cater to a broader range of customer requirements as part of its normal course of business,”
livemint.com
“bonus entitlement is 1:1 - ie, 1 (One) new fully paid-up equity share of face value Rs. 10/- each for every 1 (One) existing fully paid-up equity share of face value Rs. 10/- each.”
livemint.com
Sources
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