Aastha Spintex Limited has scheduled its 13th Annual General Meeting (AGM) for September 16, 2026, to be conducted via video conferencing. The meeting agenda features significant corporate actions, including a proposed 1:1 bonus share issue and an increase in authorized capital.

The Board of Directors has recommended a final dividend of ₹0.10 per equity share for FY26, subject to shareholder approval. Shareholders holding shares as on the record date of September 9, 2026, will be eligible for the dividend payout, which is expected within 30 days post-AGM. Remote e-voting for the AGM opens on September 12, 2026.

Key Corporate Actions

The AGM will seek approval for several material resolutions:

• Bonus Issue: Approval for a 1:1 bonus issue from free reserves and securities premium, capitalizing up to ₹44.14 crore as of March 31, 2026.
• Dividend Payout: Declaration of a final dividend of ₹0.10 per equity share (face value ₹10) for FY26, totaling approximately ₹44.14 lakh including tax.
• Authorized Capital Increase: Raising authorized share capital from ₹45 crore to ₹100 crore, altering the Memorandum of Association accordingly.
• Auditor Appointment: Appointment of S N D K & Associates LLP as Statutory Auditor for five years, replacing S N Shah & Associates. Utkarsh Shah & Co. is appointed as Secretarial Auditor for the same term.

Board Composition Changes

Mr. Utsav Himanshu Trivedi was appointed as an Additional Independent Director effective August 25, 2026, subject to shareholder approval. His appointment fills the casual vacancy created by the resignation of Mr. Anant Bharatbhai Bhatt, who stepped down due to pre-occupation. Mr. Jashvantbhai Valjibhai Patel retires by rotation and offers himself for re-appointment.

Financial Performance Context

For FY26 ended March 31, 2026, Aastha Spintex reported revenue of ₹44,264.27 lakh, a 26% increase from ₹35,116.02 lakh in FY25. Net profit rose marginally to ₹2,373.58 lakh from ₹2,349.61 lakh. The bonus issue reflects the company’s strong reserve position, with net worth strengthening to ₹16,039.15 lakh from ₹12,201.83 lakh in the previous year.

What the Numbers Show

The proposed 1:1 bonus issue indicates robust retained earnings and securities premium reserves, allowing the company to expand its share base without diluting promoter ownership or raising external debt. With net worth growing by over 31% YoY while profit growth remained modest at 1%, the move enhances marketability of shares, potentially improving liquidity for the recently listed entity.

Aastha Spintex appointed Utsav Himanshu Trivedi as an additional non-executive independent director effective August 25, 2026. The appointment follows the resignation of Anant Bharatbhai Bhatt from the same role on the same date.

Bhatt stepped down due to pre-occupation and other personal commitments. He confirmed there were no other material reasons for his departure and stated he does not hold any other directorships in listed or unlisted companies as of the submission date. The company filed a revised intimation with additional details on August 26, 2026.

Trivedi, a company secretary and law graduate with over seven years of experience, joins the board subject to shareholder approval. He currently serves as company secretary at Kody Technolab Limited. The company noted that Trivedi is not related to the promoters or promoter group and is not debarred from holding office under any SEBI order.

Auditor Appointments

The company also announced changes to its audit appointments ahead of its ensuing annual general meeting.

S N D K & Associates LLP will replace S N Shah & Associates, whose second term is expiring. Utkarsh Shah & Co., led by Fellow Member of the Institute of Company Secretaries of India Mr. Utkarsh Shah, was appointed as secretarial auditor for the five-year period.

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed compliance with SEBI Master Circular Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.