News Corporate Actions Axita Cotton Limited Shareholders Approve 1:10 Bonus Share Issuance Through Postal BallotAxita Cotton Limited Shareholders Approve 1:10 Bonus Share Issuance Through Postal Ballot
Axita Cotton Limited shareholders approved 1:10 bonus share issuance through postal ballot with 99.98% votes in favour. The resolution received 146846736 supporting votes out of 146870020 total valid votes cast, representing 42.23% of outstanding shares. The bonus shares will be issued in dematerialized form through capitalization of free reserves, with shareholders receiving 1 bonus share for every 10 existing shares held.
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Axita Cotton Limited has successfully concluded its postal ballot process with shareholders approving the issuance of bonus shares in a 1:10 ratio. The company announced the voting results on February 07, 2026, following the completion of the remote e-voting process.
Overwhelming Shareholder Support
The ordinary resolution for bonus share issuance received remarkable support from shareholders, with 99.98% of votes cast in favour of the proposal. The voting statistics demonstrate strong confidence in the company's decision:
| Voting Results | Details |
|---|---|
| Total Valid Votes Cast: | 146870020 |
| Votes in Favour: | 146846736 |
| Votes Against: | 23284 |
| Approval Percentage: | 99.98% |
| Voter Turnout: | 42.23% of outstanding shares |
Bonus Share Details
The approved resolution authorizes the company to issue bonus equity shares in the proportion of 1:10, meaning shareholders will receive 1 bonus equity share of Re. 1/- each for every 10 existing equity shares held. The bonus shares will be issued through capitalization of free reserves and will rank pari passu with existing equity shares.
Category-wise Voting Pattern
The voting pattern across different shareholder categories showed strong support:
| Category | Shares Held | Votes Polled | Votes in Favour | Approval Rate |
|---|---|---|---|---|
| Promoter and Promoter Group: | 145806959 | 145801592 | 145801592 | 100.00% |
| Public Non-Institutions: | 175561259 | 1068428 | 1045144 | 97.82% |
| Public Institutions: | 26409616 | 0 | 0 | 0.00% |
Postal Ballot Process
The postal ballot was conducted entirely through remote e-voting facilitated by National Securities Depository Limited (NSDL). The e-voting period remained open from January 08, 2026 at 9:00 AM to February 06, 2026 at 5:00 PM. Mr. Premnarayan Ramanand Tripathi, Proprietor of M/s. PRT & Associates, served as the scrutinizer for the process.
Key process details include:
- Record Date: January 02, 2026
- Total Shareholders on Record Date: 171152
- Paid-up Capital: Rs. 34,77,72,501/- divided into 34,77,72,501 equity shares of Re. 1/- each
- Participating Members: 365 voted in favour, 10 voted against
Implementation Framework
The bonus shares will be allotted in dematerialized form only and credited to respective beneficiary accounts with Depository Participants. For shareholders holding physical shares, the company will credit bonus shares to a suspense escrow demat account until they are transferred to beneficiary accounts. No fractional shares will be issued, with fractions rounded down to the lower integer.
The Board of Directors, including any authorized committee or Key Managerial Personnel, has been empowered to execute all necessary documentation and obtain required approvals from regulatory authorities including SEBI, stock exchanges, and depositories to implement the bonus issue.
Historical Stock Returns for Axita Cotton
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.72% | +9.05% | -7.17% | +18.00% | -5.82% | +1.07% |
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