Aastha Spintex Approves 1:1 Bonus Issue, Raises Capital to Rs 100 Cr

The board of Aastha Spintex, an integrated cotton yarn manufacturer, approved a 1:1 bonus issue of equity shares. The company will increase its authorized share capital from ₹45 crore to ₹100 crore to accommodate the bonus shares.

The board also recommended a final dividend of Re 0.10 per share for the fiscal year ending March 2026. The dividend is subject to shareholder approval.

The board's approval of the bonus issue and the capital increase reflects the company's confidence in future growth and commitment to create long-term value for shareholders, Managing Director Divyang Jashwant Patel said.

As the company continues to strengthen its manufacturing capabilities, this is the right time to move further along the textile value chain and expand into value-added textile products under our own brand, he said.