Aastha Spintex board clears 1:1 bonus issue, expands into value-added textiles

The board of Aastha Spintex, an integrated cotton yarn manufacturer, has approved a 1:1 bonus issue of equity shares. The approval will increase the company’s authorised share capital from ₹45 crore to ₹100 crore to facilitate the bonus issue.

The Board also recommended a final dividend of Re 0.10 per equity share of face value Rs 10 for FY26. The approved bonus issue reflects the company’s confidence in its long-term growth outlook and its commitment to rewarding shareholders. The increase in authorised share capital will facilitate the issuance of bonus shares and support the company’s future capital requirements.

Aastha Spintex’s approved expansion into value-added textile products marks an important step in strengthening its presence across the textile value chain and creating new opportunities for sustainable growth.

Management sees strong long-term growth prospects

Divyang Jashwant Patel, Managing Director, Aastha Spintex, said the Board’s approval of the bonus issue and the increase in authorised share capital reflects the company’s confidence in future growth and commitment to create long-term value for shareholders.

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.

Published on July 23, 2026