Axita Cotton Limited has officially confirmed February 13, 2026, as the record date for its 1:10 bonus equity share issuance, following a strong Q3FY26 financial turnaround. According to the latest market updates, the company's board has approved the Q3FY25 unaudited standalone financial results and recommended the 1:10 bonus share issue, subject to shareholder approval. The textile company reported a remarkable net profit of ₹259.58 lakhs in Q3FY26 compared to a loss of ₹122.04 lakhs in the corresponding quarter of the previous year. According to the company's regulatory filing, shareholders will receive 1 bonus equity share of Re. 1 each for every 10 existing equity shares held as on the record date, subject to shareholder approval through postal ballot. The board has approved the bonus issue with shares expected to be credited within two months from the board meeting date.
The company's latest quarterly results demonstrated significant profitability improvement despite revenue challenges. Revenue from operations decreased to ₹8,939.85 lakhs in Q3FY26 from ₹22,803.80 lakhs in Q3FY25, representing a 60.80% decline. However, the complete turnaround in profitability was notable, with Basic EPS improving to ₹0.07 from ₹(0.03) in the previous year. The quarter also showed sharp sequential improvement with revenue rising from ₹6,327.02 lakhs in Q2FY26 to ₹8,939.85 lakhs in Q3FY26. For the nine-month period ended December 31, 2025, the company showed consistent growth with net profit increasing 43.80% to ₹424.37 lakhs from ₹295.04 lakhs in the corresponding FY25 period.
The paid-up equity share capital prior to the bonus issue stands at ₹34.78 crore comprising 34,77,72,501 equity shares with a face value of Rs 1 each. Following the bonus issue, the paid-up share capital is anticipated to rise to ₹38.25 crore with up to 38,25,49,751 equity shares, while maintaining the face value of Rs 1 per share. As reported by Axita Cotton, the exact number of bonus shares will be finalized based on the paid-up share capital as of the record date.
The company intends to capitalize up to ₹3.48 crore from free reserves to fund this bonus issue. According to the audited financial accounts for the year ended March 31, 2025, the firm maintains free reserves of ₹28.03 crore, which is more than sufficient to cover the bonus issue requirements. Axita Cotton has confirmed that the bonus shares are anticipated to be credited within two months from the board meeting date. The company has issued formal intimation to BSE Limited and National Stock Exchange of India Limited under Regulation 42 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, with M/s. PRT & Associates appointed as scrutinizer for conducting remote e-voting to ensure transparent shareholder approval process.
