Aastha Spintex shares surge 20% on bonus issue, dividend plan
Aastha Spintex shares hit 20% upper circuit at Rs 129.06 as Board considers up to 1:1 bonus issue and up to 100% dividend.
Board meeting on July 23, 2026 will consider issuing bonus shares in ratio up to 1:1 via capitalization of free reserves.
Board will also consider final dividend of up to 100% (Rs 10 per share) and expansion into value-added textile products.
Expansion into grey fabric and other value-added products under proprietary brand, supported by enhanced cotton yarn capacity of 17,457 MTPA.
Company has P/E of 20.4 and ROCE of 22.8%, reflecting healthy profitability.
Story angle
Center
Near the middle: closer to straight reporting, less party-line spin.
About how the story is framed, not whether the facts are true.
Dalal Street Investment Journal
Center
Mixed factuality
Who owns this?
DSIJ Pvt Ltd
Independent markets publisher