Aastha Spintex increased its authorized share capital to ₹100,00,00,000 (₹100 crore) from ₹45,00,00,000 (₹45 crore). The board approved the change alongside the regularization of a director’s appointment on September 16, 2026.

The company altered Clause V of its Memorandum of Association to reflect the new capital structure. This comprises 10,00,00,000 equity shares of ₹10 each.

Capital Structure Change

The board recommended the increase to provide headroom for future capital raising and business growth. The issued, subscribed, and paid-up equity share capital stood at ₹3,164.22 lakhs as on March 31, 2026.

Board Composition Update

The members approved changing the designation of Utsav Himanshu Trivedi from Additional Director to Director in the category of Non-Executive Independent Director. He holds DIN 10185472 and serves in this role for five years starting September 16, 2026.

Trivedi is a Company Secretary and law graduate with over seven years of experience in corporate laws. He currently serves as Company Secretary at Kody Technolab Limited. The company confirmed he has no relationship with promoters or the promoter group.

Aastha Spintex Limited shareholders approved all nine resolutions proposed at its 13th Annual General Meeting (AGM) held on September 16, 2026. The meeting was conducted via video conference with remote e-voting facilities.

The scrutinizer’s report confirmed that all ordinary and special resolutions were passed with requisite majority. Promoter group shareholders held 23,486,509 shares as on the record date of September 9, 2026, representing approximately 53% of the total outstanding shares of 44,142,190.

Voting Results

The total valid votes polled across all resolutions ranged between 28,737,235 and 28,742,256, reflecting a participation rate of roughly 65% of the outstanding share capital. Remote e-voting constituted the bulk of the votes cast, with minimal voting occurring during the physical AGM session.

Key Resolutions Passed

Members approved the following key corporate actions:

• 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 retiring by rotation.
• Appointment of M/s. S N D K & Associates LLP as Statutory Auditors for five years.
• Appointment of Shri Utsav Himanshu Trivedi as an Independent Director.
• Increase in authorized share capital and consequential alteration of the Memorandum of Association.
• Issue of bonus equity shares by capitalisation of reserves.
• Ratification of remuneration payable to Cost Auditors for FY27.
• Appointment of M/s. Utkarsh Shah & Co. as Secretarial Auditors for five years.

What the Numbers Show

Promoter shareholders voted in full (100% participation) across all resolutions, underscoring consolidated control. Public non-institutional shareholders, holding over 20.4 million shares, participated at a rate of approximately 24.8%, casting roughly 5.09 million votes. The near-unanimous approval for the dividend and bonus share issuance suggests strong shareholder alignment with the board’s capital allocation strategy for FY26.

Meeting Details

The AGM was chaired by Managing Director Divyang Jashwant Patel. The e-voting period remained open from September 12, 2026, to September 15, 2026. Utkarsh Shah & Co., Practising Company Secretaries, served as the scrutinizer for the e-voting process.