Axita Cotton Limited has informed the Exchange regarding Notice of Postal Ballot
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Axita Cotton Limited has issued a Postal Ballot Notice to seek shareholder approval for the issuance of bonus shares in a 1:10 ratio, meaning 1 bonus equity share of Re. 1 each for every 10 existing equity shares held. The Board approved the proposal on January 5, 2026, and plans to capitalize an amount not exceeding Rs. 3.47 crore from free reserves for this purpose. Shareholders as on the cut-off date of January 2, 2026 are eligible to vote. The e-voting window runs from January 8, 2026 to February 6, 2026, and the results will be announced within two working days after that.
If approved, each eligible shareholder will receive 1 additional share for every 10 held, increasing the total share count by about 10%. While the overall investment value remains the same, the share price typically adjusts lower on the ex-bonus date. The move signals management's confidence in the company's reserves and financial health, and is generally viewed positively by retail investors.