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Spintex shares are in focus as the company approaches the September 28 record date for its 1:1 bonus issue. Investors looking to qualify for the bonus shares need to hold the stock before the record date, making September 25 the last trading day to be eligible.
Under the 1:1 bonus issue, eligible shareholders will receive one new fully paid-up equity share of ₹10 each for every one existing share. The company plans to issue up to 4.41 crore bonus shares, which will rank equally with the existing shares in terms of rights and value. The allotment is scheduled for September 29, while the new shares are expected to start trading from September 30, 2026.
Separately, Aastha Spintex has secured a ₹25 crore long-term, non-cancellable order from JSK Textile LLP for the manufacture and supply of Greige Fabric. The order will be executed over two years on an ex-mill basis, with an initial 30 MT per contract to be supplied within the next two months. On September 25, the stock closed 9.99% lower at ₹80.82, with the company reporting a market capitalisation of around ₹356.76 crore.#MacroViews#WatchOutFor
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