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 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.