Bonus bonanza! This textile player announced 1:1 bonus issue, dividend just 14 sessions after market debut. Do you own?

Microcap textile company Aastha Spintex on Thursday announced a bonus stock issue in the ratio of 1:1 and a final dividend of Re 0.10 per share for FY26, rewarding its shareholders soon after its market debut earlier this month.

The company in an exchange filing said that its board of directors during its meeting today approved the plan to issue one new share with a face value of Rs 10 each for every share held as on the record date. The bonus shares will be issued by using the company’s reserve and surplus.

The dividend of Re 0.10 per share meanwhile will be paid out of the profits of Aastha Spintex for the financial year which ended on March 31, 2026. Both the bonus issue and dividend are subject to shareholders’ approval.


A bonus issue consists of free shares distributed by a company and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add shares of the company to their portfolio.

The record date to determine the eligibility of shareholders set to receive the bonus shares as well as dividend will be announced later.

Aastha Spintex expansion

Aastha Spintex also said that its board of directors have approved the plan to move up the textile value chain, from yarn to fabric. “For over a decade, Aastha has built a reputation as a reliable cotton yarn manufacturer. With the Falcon acquisition, the Company's capacity expanded from 7,700 MT to 17,457 MT per annum — a 127% jump. Today, the board has approved the next logical step: forward-integrating into grey fabric,” it said in its exchange filing.

The company last week informed about the board meeting scheduled for today, saying that it will deliberate on a strategic proposal to introduce forward-integrated textile products, including grey fabric and other value-added fabric products, under the company's proprietary in-house brand.

Also read | Aastha Spintex bags orders worth Rs 77 crore from various customers


Aastha Spintex share price

This comes after Aastha Spintex shares listed at a discount of more than 4% over IPO price at Rs 130 apiece on July 6, as against its issue price of Rs 136. The Rs 170-crore initial public offering (IPO) of the company which was open between June 29 and July 1, witnessed an overall subscription of 4.64 times. The NII portion saw the strongest interest, attracting 7.62 times subscription, while QIBs subscribed 3.30 times and the retail quota was booked 2.33 times.

After listing, Aastha Spintex shares plunged further, dropping around 26% to hit a record low of Rs 95.85 apiece today. The company currently has a market capitalisation of Rs 457 crore.

Founded in Gujarat, Aastha Spintex produces cotton spun yarn from its integrated spinning facility in Halvad. Its products, including carded, combed and compact cotton yarn, serve customers across the weaving, knitting, hosiery and garment manufacturing industries in India and overseas.

Also read | Aastha Spintex shares list at 4% discount to IPO price on BSE, NSE

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