AXITANSEAxita Cotton LimitedHighPositive
Announced Mon, 5 Jan · 17:57 IST

Axita Cotton Limited has informed the Exchange that Record date for the purpose of Bonus is 13-Feb-2026.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Axita Cotton Limited has fixed Friday, February 13, 2026, as the record date to determine eligible shareholders for a bonus issue. The bonus ratio is 1:10, meaning 1 bonus equity share of Re. 1 each will be issued for every 10 existing equity shares held. The bonus will be funded by capitalizing free reserves, requiring up to Rs. 3.47 crore, against available free reserves of Rs. 28.03 crore as per audited financials for FY ending March 31, 2025. Pre-bonus paid-up share capital is Rs. 34.78 crore (3.48 crore shares), which will rise to up to Rs. 38.25 crore (3.83 crore shares) post-bonus. Bonus shares are expected to be credited or dispatched on or before March 4, 2026, subject to shareholder approval.

Likely market impact

This is a modest bonus issue (1:10 ratio) rewarding existing shareholders with extra shares at no extra cost. Eligible shareholders will see their share count increase by 10%, though the share price typically adjusts downward proportionally on the ex-date, so overall investment value remains largely unchanged. The move signals management confidence backed by strong free reserves.