Shares of Gujarat-based textile firm Aastha Spintex Ltd witnessed intense trading activity on Friday, September 25, marking the final session for market participants seeking eligibility for its forthcoming 1:1 bonus share distribution. The company had previously established September 28, 2026, as the formal record date to identify investors entitled to receive the additional bonus equity shares. With market mechanisms dictating exact settlement windows, investor positioning around the stock remained notably heightened throughout the session.
Structure and Ratio of the 1:1 Bonus Issue
Under the corporate action structure detailed by Aastha Spintex, existing shareholders will be granted one additional fully paid-up equity share for every single equity share they hold on the designated record date. Both the existing equity shares and the upcoming bonus shares carry an identical face value of Rs 10 each. In terms of practical allocation, an investor maintaining a position of 100 shares through the qualification cutoff will see their aggregate holding expand to 200 equity shares following the distribution. Such corporate exercises serve to capitalize reserves while enhancing the total float and liquidity of the stock in secondary markets.
Settlement Mechanics and the September 28 Record Date
Trading eligibility for corporate actions across Indian bourses operates strictly within the framework of the T+1 rolling settlement cycle. Because transactions executed on a trading day take one additional working session to formally settle into demat holdings, purchases made on Friday, September 25, settle precisely on Monday, September 28. With weekend non-trading intervals intervening, Friday represents the vital cutoff day for entering the shareholder register ahead of the record date. Anyone executing buy orders subsequent to this window will not be entered into the company records in time to receive the allocated bonus shares.
Stock Slumps 10% in Intraday Trade
Despite the positive corporate action event, the equity counter faced sharp selling pressure during Friday's trading session. Shares of Aastha Spintex began the day at Rs 79, which also registered as the intraday peak for the session. Heavy trading soon pushed the price downward toward an intraday trough of Rs 72.72. By approximately 12:01 pm, the counter was trading lower by 10% at Rs 72.72, reflecting aggressive profit-taking or repositioning by short-term market participants right before the record cutoff.
Commercial Update: Rs 25 Crore Supply Contract Secured
In tandem with the corporate action updates, the Gujarat-based manufacturer announced a fresh operational milestone in its business operations. Aastha Spintex has bagged a commercial supply contract valued at Rs 25 crore from JSK Textile LLP. Under the provisions of this contract, the company will manufacture and deliver Greige Fabric over an execution timeline spanning two years. This contract win provides visibility for manufacturing volumes across the coming operational quarters and adds a foundational commercial development alongside the ongoing capital restructuring.
