Aastha Spintex fixes Monday as record date for bonus issue
The bonus shares will be available for trading on the stock exchanges from Wednesday, September 30.
Aastha Spintex, a cotton yarn manufacturer, has set Monday as the record date for its 1:1 bonus issue. Shareholders eligible for the bonus issue will receive one new fully paid-up equity share for each share they hold as of the Record Date. The company announced this decision at its board meeting on September 22 and plans to issue 4.41 crore bonus equity shares.
These new shares will have the same rights as existing shares and can be traded on stock exchanges starting September 30. The capitalisation of up to ₹44.14 crore from the company's reserves has been approved for the bonus issue, and the authorized share capital has been increased from ₹45 crore to ₹100 crore to support the expansion into value-added textile products.
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