New Delhi, July 20 -- Aastha Spintex, the Gujarat-based integrated cotton yarn manufacturer, today announced that its board of directors will meet on Thursday, 23 July, to consider a bonus issue and a final dividend for shareholders.

"The Board will evaluate the issuance of fully paid-up bonus shares to existing shareholders in the ratio of up to one new equity share for every one equity share currently held. The proposal, if approved, will involve the capitalisation of the company's free reserves, with no fresh funds being raised. The idea is simple: shareholders will own more shares in the same company, and the move reflects the board's confidence that the underlying business has earned the right to expand its equity base," the company...