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Aastha Spintex Sets Record Date for One-for-One Bonus Issue

Aastha Spintex Sets Record Date for One-for-One Bonus Issue
Aastha Spintex fixes Monday as record date for bonus issue · thehindubusinessline.com

Aastha Spintex is giving eligible shareholders one extra share for every share they already own.

Shareholders must own the shares on the company’s record date, which is Monday.

They will not have to pay extra for these bonus shares.

The company plans to issue 4.41 crore new shares.

The new shares will have the same rights as the old shares.

Trading in the bonus shares is expected to begin on September 30.

The company will use up to ₹44.14 crore from certain reserves to create the shares.

It also plans to increase its authorised share capital to support the bonus issue and future textile products.

Key facts

Record date
Monday
Bonus ratio
1:1, or one new share for every existing share
Bonus shares
4.41 crore fully paid-up equity shares
Trading date
Wednesday, September 30
Capitalisation
Up to ₹44.14 crore from eligible Free Reserves, Securities Premium and Capital Redemption Reserve
Authorised share capital
Increased from ₹45 crore to ₹100 crore
Expansion focus
Forward-integrated textile products, including grey fabric and other value-added fabric products

Sources

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