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Aastha Spintex declares 1:1 bonus shares and recommends FY26 dividend
The board also approved raising authorized share capital to ₹100 crore and recommends a final dividend of Re 0.10 per share for the year ended March 31, 2026, subject to shareholder and regulatory approvals.
Aastha Spintex said its board has approved a 1:1 bonus share issue, recommending a final dividend for the fiscal year ended March 31, 2026. According to LiveMint Markets, the company also approved expanding into the grey fabric business, with all decisions subject to shareholder and regulatory approvals, including in-principle approval from stock exchanges.
In the bonus issue, eligible shareholders will receive one fully paid-up equity share of face value ₹10 for every one equity share held as of the record date. The company plans to issue about 4,41,42,190 bonus shares, increasing paid-up equity capital from ₹44,14,21,900 (4,41,42,190 shares) to ₹88,28,43,800 (8,82,84,380 shares).
The company said the record date for the bonus issue and final dividend will be announced separately after stock exchange approvals and compliance with SEBI listing regulations. LiveMint Markets added that there will be a three-working-day gap between board approval and the record date, with the ex-date set one working day before the record date, and that bonus shares will be listed on a T+2 basis from the record date.
For the dividend, the board recommended Re 0.10 per equity share of face value ₹10, equivalent to 1% of face value, for FY26. LiveMint Markets noted that if shareholders approve at the upcoming annual general meeting, the dividend will be paid from the company’s FY26 profits and credited to eligible shareholders within 30 days of its declaration.