Axita Cotton Limited has informed the Exchange that the Board of Directors at its meeting held on January 05, 2026, have considered and approved the Unaudited Financial Results of the Company for the quarter and nine months ended on December 31, 2025, Bonus at the ratio of 1 : 10, i.e 1 Equity Shares for every 10 Equity Shares held, subject to the Shareholder s approval and other businesses as per agenda circulated.
AXITA · price
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On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.2 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Axita Cotton's board, meeting on January 5, 2026, approved the unaudited standalone financial results for Q3 FY26 and nine months ended December 31, 2025. Revenue from operations for the quarter fell sharply to ₹89.40 crore from ₹228.04 crore in the same quarter last year, a YoY drop of nearly 61%, while nine-month revenue declined about 40% to ₹309.37 crore vs ₹512.86 crore. Despite the revenue slump, the company swung back to a quarterly profit of ₹2.60 crore (vs a loss earlier) and reported nine-month PAT of ₹4.24 crore, up about 44% from ₹2.95 crore a year ago, helped by an exceptional item of ₹70.26 lakhs. The board also recommended a bonus issue of 1 equity share for every 10 held, to be funded from free reserves of ₹28.03 crore as on March 31, 2025, with record date set for February 13, 2026, subject to shareholder approval via postal ballot.
The 1:10 bonus is a reward for existing shareholders but does not change the company's underlying value; meanwhile, the steep revenue decline is a significant red flag even though bottom-line growth looks healthy on paper due to a weak prior-year base. Short-term share price may react positively to the bonus news, but investors should closely watch whether the revenue contraction reverses in coming quarters.