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Aastha Spintex Announces 1:1 Bonus Issue and Capital Expansion

2 reports, 2 independent Updated Sep 22
Gone quiet Reached 2 outlets in its first 24 hours
Reports
2
Developments
1
Repetition
50%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

Aastha Spintex announced a 1:1 bonus issue, which was approved at a board meeting held on September 22, 2026. The company stated that the issuance would involve up to 4.41 crore bonus equity shares. The company also approved increasing its authorized share capital from ₹45 crore to ₹100 crore to support the bonus issue and future expansion into forward-integrated textile products.

From livemint.com, thehindubusinessline.com

Why it matters

Some supportBrind's analysis of the reports

The bonus shares will rank pari passu with existing equity shares. The capital increase is intended to facilitate the bonus issue and support the company's expansion into value-added fabric products under its proprietary brand.

From thehindubusinessline.com

Coverage

Newest first; wire copies grouped