Aastha Spintex Approves 1:1 Bonus Issue

Aastha Spintex Limited, a textile company, has announced a series of major decisions aimed at rewarding shareholders and supporting its long-term growth plans.

The company's Board has approved a 1:1 bonus issue, an increase in authorised share capital, and expansion into value-added textile products.

The decisions were taken at the Board meeting held on July 23, 2026. The bonus issue proposal is subject to shareholders' approval and other regulatory clearances.

To facilitate the bonus issue, the company also approved an increase in its authorised share capital from Rs 45 crore to Rs 100 crore.

In addition, the Board recommended a final dividend of Re 0.10 per equity share for FY26, subject to shareholders' approval at the upcoming Annual General Meeting.

Aastha Spintex has also approved its entry into forward integrated textile products, including grey fabric and other value-added fabric products under its own brand.

The company said the move will help strengthen its presence across the textile value chain and create new growth opportunities.

The expansion comes after the company's recent acquisition of Falcon Yarns Private Limited, which has significantly increased its manufacturing capacity.

Following the acquisition, annual spinning capacity has increased from 7,700 metric tonnes to 17,457 metric tonnes, while spindle capacity has expanded from 25,920 to 61,824.

Aastha Spintex has also reported strong financial growth over the past two financial years.

Revenue increased from Rs 240 crore in FY23 to Rs 352 crore in FY25, while net profit rose from Rs 1.1 crore to Rs 23 crore during the same period.

The company also improved its operating performance, with operating profit margin rising from 5.87% to 14.16% and EBITDA margin increasing from 6.05% to 14.45%.

Managing Director Divyang Jashwant Patel said the latest approvals reflect the company's confidence in its future growth and commitment to creating long-term shareholder value.

He added that expanding into value-added textile products is a natural next step after strengthening manufacturing capacity.

The company will announce the record date for the bonus issue and final dividend after receiving the necessary approvals.

The expansion into value-added textile products and the bonus issue are expected to have a positive impact on the company's growth and shareholder value.

Aastha Spintex's strong financial performance and increased manufacturing capacity position the company for long-term success.

The company's decision to expand into value-added textile products is a strategic move to strengthen its presence in the textile industry.

With the increased manufacturing capacity and strong financial performance, Aastha Spintex is well-positioned to capitalize on new growth opportunities.

In conclusion, Aastha Spintex's approval of the 1:1 bonus issue, capital expansion, and entry into value-added textile products is a significant development for the company and its shareholders.

The company's strong financial performance and increased manufacturing capacity make it an attractive investment opportunity.

Aastha Spintex's future growth prospects look promising, with the company poised to capitalize on new growth opportunities in the textile industry.

The company's commitment to creating long-term shareholder value is evident in its decision to approve the bonus issue and expand into value-added textile products.

Overall, Aastha Spintex's latest announcements are a positive development for the company and its shareholders, and the company is well-positioned for long-term success.