Aastha Spintex Addresses Stock Volatility, Announces Consideration of Bonus Issue and Dividend
Aastha Spintex Limited addressed recent market speculation regarding the movement in its equity shares, clarifying that the stock's price and volume are purely market driven. The company stated it is neither aware of nor connected to the underlying reasons for the trading activity.The company affirmed that it has consistently made all required disclosures as per regulations and confirmed there is no undisclosed price sensitive information currently bearing on the stock's behavior.
Looking ahead, Aastha Spintex announced that a proposal concerning a bonus issue and dividend, which is set at up to Rs. 10 per equity share, will be considered by the Board of Directors. The outcome of this board meeting will be disclosed promptly within the prescribed time frame following its conclusion.
The company also confirmed adherence to regulations governing insider trading, including maintaining structured digital databases and observing trading-window restrictions. Investors were advised to rely solely on disclosures provided by the Company on stock exchange websites.
AASTHA Stock Price Movement
Aastha Spintex Limited shares are slipping in live trading, currently priced at ₹102.58 as of 11:41 AM, after shedding 0.64% during today’s session. The equity sees a massive drop on the day, with trading volume exceeding 8.36 million shares and the stock hovering near its critical 52-week low.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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