1:1 Bonus Issue + 100% Dividend! Textile Stock Hits Upper Circuit Ahead of Corporate Action

Bonus Issue + Dividend Update: Aastha Spintex share price closed the trading session with more than 19% gain on Tuesday. The rally in the textile stock came after the company announced that its board of directors will consider a dividend and bonus issue in its meeting scheduled for this week.

Aastha Spintex share price closed 19.32% higher at Rs 129.1 per share on BSE with a market capitalisation of Rs 569.88 crore on Tuesday, July 21. The stock hit an upper circuit of Rs 129.80 per share on Tuesday, before dipping to an intraday low of Rs 114.85 per share.

Aastha Spintex Bonus Issue

Aastha Spintex’s board of directors will consider and recommend the payment of bonus shares to the existing shareholders in the ratio of 1:1. The company stated that no fresh funds will be raised.

“The Board will evaluate issuance of fully paid bonus shares to existing shareholders in the ratio of up to one new equity share for every one share currently held. The proposal, if cleared, will capitalise free reserves. No fresh funds are being raised,” stated the company in its BSE filing on Monday.

“The idea is simple: you own more of the same company, and the move reflects the board’s confidence that the underlying business has earned the right to expand its equity base. A formal record date, ratio, and timeline will be announced only after the Board’s decision,” the release further added.

Aastha Spintex Dividend

The board will also consider declaring a final dividend up to 100% on the face value of Rs 10 per share. “The Board will consider declaring a final dividend upto 100% on the face value of Rs. 10 per share- i.e., up to Rs. 10 per equity share. The board wants to return a portion of that success directly to shareholders from the company reserved and surplus fund,” noted the company in its press release.

If the dividend is declared, it will be subject to the availability of distributable profits under Section 123 of the Companies Act, 2013, and compliance with SEBI (LODR) Regulations.

Aastha Spintex Share Price Trend

Aastha Spintex stock closed higher on Tuesday. Its share price hit a fresh 52-week high mark of Rs 136.45 per share on BSE on July 6, 2026. The stock dipped to its 52-week low mark of Rs 105.05 per share on July 20, 2026. The stock has has declined nearly 4.69% in week.

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