Aastha Spintex has achieved a defining operational milestone with the execution of a ₹25 crore long-term greige fabric contract from JSK Textile LLP of Halvad, Gujarat. On September 24, 2026, the company disclosed securing Contract No. 260828 for the manufacture and supply of approximately 750 MT of greige fabric valued at ₹25.00 crore (excluding GST). The agreement is structured over a two-year execution window on an ex-mill basis, with physical execution commencing with an initial delivery tranche of 30 MT within the next two months, followed by step-up volume scaling upon final quality validation. This contract provides visible volume backlogs for the company's weaving segment and directly demonstrates Aastha Spintex's capacity to transform internally manufactured yarn into higher-margin greige textile products, capturing strong operating efficiencies and accelerating fixed-cost absorption across its Gujarat plants.
Aastha Spintex has set September 28 as the record date for determining shareholder eligibility for its 1:1 bonus share issue. According to reports from The Hindu BusinessLine, Moneycontrol, and Goodreturns, eligible shareholders will receive one new fully paid-up equity share for every existing share they hold as of the record date. The company's board of directors finalized this decision at their meeting held on September 22, 2026. The bonus shares will be allotted on September 29 and will be available for trading on stock exchanges from September 30. The announcement triggered an immediate market response, with the stock hitting the 10% upper circuit around ₹81-82 on September 22, 2026. In the latest trading session, the stock has rallied nearly 10% due to volume spurs, with the stock currently trading at ₹89.79 on BSE. Notably, Aastha Spintex is the only stock with Monday, September 28, as the record date for any corporate action, making Friday, September 25 the last trading day for investors to qualify for the bonus issue.
The company will issue a total of 4.41 crore bonus equity shares that will rank pari passu in all respects with existing equity shares. As reported by The Hindu BusinessLine, Moneycontrol, and Goodreturns, the 1:1 bonus issue effectively doubles the number of equity shares held by eligible shareholders without any additional payment by them for the bonus shares. The bonus equity shares will carry the same rights as existing equity shares and will be available for trading on stock exchanges from Wednesday, September 30. Each bonus share will be issued at ₹10 each as part of the corporate action. Following this capital rebalancing, the outstanding share base will be doubled to approximately 8.828 crore shares, enhancing market liquidity for retail investors without depleting operational cash reserves.
The board of directors approved capitalization of up to ₹44.14 crore from eligible Free Reserves, Securities Premium and Capital Redemption Reserve for issuing fully paid-up bonus equity shares. According to The Hindu BusinessLine, Moneycontrol, and Goodreturns, the board also approved increasing the company's authorized share capital from ₹45 crore to ₹100 crore to facilitate the bonus issue and expansion into forward-integrated textile products, including grey fabric and other value-added fabric products under its proprietary brand. The capital reserves were recorded on March 31, 2026. Shareholders approved these proposals at the 13th Annual General Meeting held on September 16, 2026. The ₹44.14 crore capitalization directly moves reserves into paid-up share capital, expanding the company's total outstanding equity share base from 4.414 crore shares to 8.828 crore shares while maintaining financial flexibility for future capital requirements.
Aastha Spintex has unveiled a three-pillar strategy centred on financial excellence, shareholder rewards and vertical integration from yarn to fabric. The company plans to enter forward-integrated textile categories, including grey fabric and other value-added fabric products under its proprietary brand. This strategic expansion follows the company's acquisition of Falcon Yarns Private Limited, which has scaled Aastha Spintex's annual spinning capacity from 7,700 MT to 17,457 MT and expanded total spindle counts to 61,824. The acquisition provides the company with a front-loaded ₹51.46 crore domestic contract book for Falcon Yarns, including 38 distinct industrial supply deliveries aggregating 17.35 lakh kilograms of cotton yarn to stable domestic accounts. The company is also building a rooftop solar plant at its newly acquired unit, with the Falcon subsidiary securing GEDA registration for a 1.35 MW DC rooftop solar PV project under the Gujarat Integrated Renewable Energy Policy 2025. The 1.35 MW DC rooftop solar project at the Falcon facility is currently under physical installation with module mounting structure at 70% completion and grid installation at 40% completion, positioning to insulate conversion costs against power tariff increases.
Aastha Spintex shares closed 9.99% lower at ₹80.82 per share on BSE with a market capitalization of ₹356.76 crore. The stock experienced an intraday range between ₹80.82 (low) and ₹94.56 (high) during the trading session. Despite the recent decline, the textile stock has demonstrated strong momentum with 10.70% returns in one month and 5.23% returns in one week. The stock has also gained 1.65% over the last two weeks, indicating sustained investor interest ahead of the bonus issue. The company's ₹25 crore fabric contract with JSK Textile LLP adds a modest but strategically significant new revenue stream and marks the formal beginning of its forward-integration journey, converting previously stated strategic intentions into a live, multi-year commercial commitment.
