Description

Axita Cotton Limited undertakes to credit bonus shares by T+1 day (16-02-2026) and make them available for trading on T+2 day (17-02-2026) in compliance with SEBI circular SEBI/CIR/CFD/PoD/2024/122.

Summary

Axita Cotton Limited (BSE Scrip Code: 542285, NSE: AXITA) has provided an undertaking to BSE and NSE regarding the timeline for crediting bonus shares and their availability for trading. The company confirms that up to 34,777,250 bonus shares will be credited to the depository system by 12 PM on February 16, 2026 (T+1 day after record date) and will be available for trading from February 17, 2026 (T+2 day). This undertaking is in compliance with SEBI circular SEBI/CIR/CFD/PoD/2024/122 dated September 16, 2024.

Key Points

  • Bonus shares will be credited by 12 PM on February 16, 2026 (T+1 day)
  • Trading will commence on February 17, 2026 (T+2 day) at Beginning of Day (BOD)
  • Total number of bonus shares: Up to 34,777,250 (subject to adjustment of fractional shares)
  • Distinctive numbers: 347772502 to 382549751
  • ISIN: INE02EZ01022
  • Deemed date of allotment: February 16, 2026
  • Effective listing date: February 17, 2026
  • Company CIN: L17200GJ2013PLC076059

Regulatory Changes

This circular references SEBI circular SEBI/CIR/CFD/PoD/2024/122 dated September 16, 2024, which prescribes timelines for crediting bonus shares and their availability for trading. No new regulatory changes are introduced in this circular.

Compliance Requirements

  • Axita Cotton Limited must credit bonus shares to the depository system by 12 PM on T+1 day (February 16, 2026)
  • The company must ensure bonus shares are available for trading from BOD of T+2 day (February 17, 2026)
  • The undertaking must be submitted to both BSE and NSE as per exchange requirements
  • Compliance with SEBI circular SEBI/CIR/CFD/PoD/2024/122 is mandatory

Important Dates

  • Record Date: February 15, 2026 (T day - implied)
  • Credit Date: February 16, 2026 (T+1 day) - Bonus shares to be credited by 12 PM (Deemed Date of Allotment)
  • Trading Commencement: February 17, 2026 (T+2 day) - Beginning of Day (Effective Listing Date)
  • Circular Submission Date: January 8, 2026

Impact Assessment

Shareholder Impact: Existing shareholders as on the record date will receive bonus shares in their demat accounts. The ratio of bonus issue is not explicitly mentioned in this circular but can be calculated from existing shareholding data.

Market Impact: The bonus issue will increase the total share capital of Axita Cotton Limited by up to 34,777,250 shares. This may improve liquidity and make the stock more affordable for retail investors due to expected price adjustment post-bonus.

Trading Impact: There will be no trading disruption as the prescribed timeline ensures smooth transition. Shares will be available for trading from BOD on the effective listing date, allowing immediate liquidity for bonus shareholders.

Operational Impact: The company and its Registrar & Transfer Agent must ensure timely processing to meet the T+1 credit deadline. Exchange systems will need to update corporate action data and adjust prices accordingly for the ex-bonus date.

Impact Justification

Standard bonus issue notification with specific timelines. Impacts existing shareholders of AXITA but follows routine corporate action process.