Aastha Spintex Limited has fixed September 28, 2026, as the record date for a 1:1 bonus issue. Shareholders will receive one fully paid-up equity share of ₹10 each for every share held on the record date.

The Board approved the corporate action following shareholder consent at the 13th Annual General Meeting (AGM) held on September 16, 2026. The company will allot 44,142,190 bonus equity shares on September 29, 2026, with trading commencing on September 30, 2026. The new shares will rank pari passu with existing equity shares.

Corporate Action Schedule

Key Resolutions Passed

Members approved all nine resolutions proposed at the AGM via video conference and remote e-voting. Key approvals included:

• Adoption of standalone and consolidated financial statements for FY26.
• Declaration of a final dividend of ₹0.10 per equity share.
• Re-appointment of Shri Jashvantbhai Valjibhai Patel as a director.
• Appointment of M/s. S N D K & Associates LLP as Statutory Auditors for five years.
• Increase in authorized share capital and alteration of the Memorandum of Association.

Voting Results

Promoter group shareholders, holding 23,486,509 shares (approximately 53% of the total 44,142,190), voted in full across all resolutions. Public non-institutional shareholders participated at a rate of approximately 24.8%, casting roughly 5.09 million votes.

What the Numbers Show

The 1:1 bonus issue will double the company's outstanding equity to approximately 88.3 million shares. While the bonus issuance does not alter fundamental value, the near-unanimous approval and 100% promoter participation underscore strong alignment with the board's strategy to increase liquidity and broaden the shareholder base.

Aastha Spintex Limited has secured Gujarat Energy Development Agency (GEDA) registration for a 1,350 kW DC rooftop solar PV project at its subsidiary Falcon Yarns Private Limited. The industrial facility in Rajkot, Gujarat, is now in the active execution phase.

The GEDA registration, dated September 1, 2026, covers a system with 1,000 kW AC capacity under the Gujarat Integrated Renewable Energy Policy - 2025. The project is structured as a capital expenditure (CAPEX) model, meaning Falcon Yarns owns the asset and will use the generated electricity for captive consumption.

Execution Progress

Physical installation work commenced immediately following regulatory approval. As of the daily progress report dated September 16, 2026, the site team deployed 13 personnel to advance construction activities.

MATgrow Renewables Pvt. Ltd. is recorded as the selected installer for the project. The company emphasized that while registration is complete, commercial operation depends on subsequent technical feasibility assessments by the distribution company (DISCOM).

Regulatory Pathway

The disclosure distinguishes between current registration and final commissioning. Several statutory steps remain before the plant can generate power:

• Technical feasibility assessment by the relevant DISCOM.
• Execution of a connectivity agreement with the DISCOM.
• Installation of bi-directional meters per DISCOM specifications.
• Single Line Diagram (SLD) approval and charging permission from electrical authorities.
• Compliance with GERC regulations and Approved List of Models and Manufacturers (ALMM) requirements.

What the Numbers Show

The project’s CAPEX structure aligns energy infrastructure directly with manufacturing output rather than merchant power sales. With a sanctioned load of 2,970 kW at the facility and a proposed solar capacity of 1,000 kW AC, the installation represents a significant portion of the site’s potential daytime power demand. This captive model aims to reduce grid dependency during peak solar hours, though actual savings will depend on irradiation levels and plant availability post-commissioning.