1:1 Bonus Issue and Dividend: Aastha Spintex Shares Jump After Key Expansion Plans; Check Stock Price

Aastha Spintex shares remained in focus after the textile company placed a series of key corporate and expansion proposals before shareholders. The company's plans include a 1:1 bonus issue, dividend, an increase in authorised share capital to Rs 100 crore and entry into fabric manufacturing.

The developments come shortly after Aastha Spintex's stock-market debut, making the company's expansion strategy particularly important for investors tracking the small-cap stock.

Aastha Spintex 1:1 Bonus Issue

Aastha Spintex's September 16 annual general meeting included a proposal for a 1:1 bonus issue. If approved, eligible shareholders will receive one additional share for every one share held.

The company has also proposed increasing its authorised share capital to Rs 100 crore, providing additional flexibility for future capital requirements and corporate actions.

Aastha Spintex Dividend Announced

The board has approved a dividend, adding another shareholder-focused measure alongside the proposed bonus issue. The combination of the bonus proposal, dividend and higher authorised capital comes as the company works on expanding its business and manufacturing capabilities.

Aastha Spintex Share Price Today

Aastha Spintex shares rose 4.4% intraday to Rs 77.87 on September 17 before closing at Rs 77.30, up 3.66% on the BSE. The stock remains well below its Rs 136 IPO price, having fallen around 43% from the issue price. However, it has gained about 6% over the past month.

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