Aastha Spintex board to weigh 1:1 bonus issue and Rs 10-per-share final dividend on July 23
AI Market Summary
Aastha Spintex's board will review a potential 1:1 bonus issue and a final dividend of up to Rs 10 per share on July 23, a corporate-action catalyst that can drive short-term positioning despite the stock recently hitting a 52-week low. The company cites a ~Rs 76.78 crore order book (>21% of FY2024-25 revenue) and capacity expansion via the Falcon Yarns acquisition, reinforcing operational momentum.
Impact level
● Low
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● Neutral
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Aastha Spintex said its board will meet on July 23 to consider a 1:1 bonus share issue and a final dividend of up to Rs 10 per equity share. The stock closed at Rs 108.20, down 6.88%, and has hit its 52-week low. The company said it has an order book of about Rs 76.78 crore, more than 21% of its FY2024-25 revenue. It has also completed the acquisition of Falcon Yarns, taking annual spinning capacity to 17,457 MT.
