he proposed bonus issue and dividend reflect the company’s continued focus on creating long term value for its shareholders while maintaining a disciplined approach to capital allocation
Aastha Spintex, an integrated cotton yarn manufacturer, has scheduled a board meeting on July 23 to consider bonus issue of equity shares in the ratio of up to 1:1 (one bonus share for every one equity share held) and a final dividend of up of ₹10 per equity share.The board will also consider capex for expansion into forward integrated textile products, including grey fabric and other value added fabric products under its proprietary brand.The proposed bonus issue and dividend reflect the company’s continued focus on creating long term value for its shareholders while maintaining a disciplined approach to capital allocation, said the company.Aastha Spintex is also looking to strengthen its position in the textile value chain by expanding into value added fabric products, a move that is expected to build on its existing manufacturing strengths and open up new avenues for growth.Divyang Jashwant Patel, Managing Director, Aastha Spintex, said every phase of growth has been guided by a long term vision of building a stronger and more integrated textile business.“As we continue to strengthen our manufacturing capabilities, we believe this is the right time to move further along the textile value chain,” he said.The proposed bonus issue and dividend reflect the company’s commitment to sharing the value created with shareholders, who were instrumental in the company’s journey, he said.The company recently completed the acquisition of Falcon Yarns and more than doubled its annual spinning capacity from 7,700 tonne to 17,457 tonne and increased spindle capacity from 25,920 to 61,824.Backed by its expanded manufacturing capacity and a clear focus on forward integration, Aastha Spintex remains committed to strengthening its position in the textile industry while creating sustainable long term value for its shareholders, said the company in a statement.Published on July 20, 2026
