1 month ago
Aastha Spintex to consider bonus shares and dividend
Aastha Spintex, a company that makes cotton yarn, is having a board meeting on July 23rd.
They are thinking about giving each shareholder one extra share for every share they already have.
This is called a bonus share.
They are also thinking about giving a big dividend, which is like a reward for owning their shares.
The company is also buying another company called Falcon Yarns to make more yarn.
This will help them meet the growing demand for their products.
The company's shares are currently trading below the price they were sold for when they first started trading on the stock market.
Aastha Spintex board to meet on 23 July to consider 1:1 bonus shares and 100% final dividend.
Bonus shares will be issued from free reserves, increasing shareholders' ownership without fresh funds.
Final dividend of up to ₹10 per share for FY26, reflecting the company's success.
Acquisition of Falcon Yarns to double spinning capacity from 7,700 MT to 17,457 MT.
Current order book exceeds existing production capacity, indicating strong demand.
- Who
- Aastha Spintex, a Gujarat-based integrated cotton yarn manufacturer
- What
- Board meeting to consider bonus shares and final dividend
- Where
- Gujarat, India
- When
- 23 July
- Why
- To capitalize on free reserves and return success to shareholders
Shareholder Benefits
Market Performance
Bonus Shares
Shareholder Benefits
Shareholders will receive one new equity share for every one equity share held, increasing their ownership without additional investment.
Market Performance
The stock is currently trading below its IPO issue price, which some market participants see as an attractive entry opportunity.
Dividend Declaration
Shareholder Benefits
Shareholders will receive a final dividend of up to 100% on the face value of ₹10 per share for FY26.
Market Performance
The company's shares have traded in line with broader weakness in the small-cap segment.
Key facts
- Board Meeting Date
- 23 July
- Bonus Share Ratio
- 1:1
- Final Dividend
- Up to 100% of ₹10 per share
- Current Spinning Capacity
- 7,700 MT
- Expected Spinning Capacity Post-Acquisition
- 17,457 MT
- Current Spindle Capacity
- 25,920
- Expected Spindle Capacity Post-Acquisition
- 61,824
- Falcon Yarns Revenue (FY2025)
- ₹249.44 crore
- Falcon Yarns Net Profit (FY2025)
- ₹1.37 crore
- Falcon Yarns Operating Cash Flow (FY2025)
- ₹11.85 crore
- Falcon Yarns Net Worth (FY2025)
- ₹50.30 crore
- IPO Issue Price
- ₹136
- Current Stock Price
- Below IPO issue price
Timeline
Axis Bank's Q1 FY2027 profit surges 22.5%, boosting Aastha Spintex's confidence.
Then, Aastha Spintex eyes bonuses and dividends, fueled by strong results.
In response, board meets July 23rd to approve 1:1 bonus shares, 100% final dividend.
Decision imminent: Aastha Spintex set to reward shareholders.
Quotes
Divyang Jashwant Patel
Managing Director of Aastha Spintex Limited
“The company’s growth had been guided by its long‑term aim of building a stronger and more integrated textile business.”
freepressjournal.in
Sources
This micro cap textile stock zooms 20% on bonus issue, dividend, product expansion proposal; do you own?
Aastha Spintex sets board meeting date to consider and approve 1:1 bonus shares, 100% final dividend
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Recent D st debutant to consider bonus, dividend within a month of listing; stock soar 20%
Aastha Spintex board to consider bonus, dividend
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