Description

Axita Cotton Limited announces bonus share allotment with credit by February 16, 2026 and trading availability from February 17, 2026 in ratio of 1:1.

Summary

Axita Cotton Limited (BSE: 542285, NSE: AXITA) has submitted an undertaking to BSE regarding the bonus share issue in compliance with SEBI circular SEBI/CFD/PoD/2024/122 dated September 16, 2024. The company confirms that up to 34,777,250 bonus shares (subject to adjustment of fractional shares) will be credited to the depository system by February 16, 2026, and will be available for trading from February 17, 2026.

Key Points

  • Bonus shares to be credited by 12 PM on February 16, 2026 (T+1 day after record date)
  • Trading of bonus shares to commence on February 17, 2026 (T+2 day)
  • Total bonus shares: 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
  • Record date: February 15, 2026 (implied as T day)

Regulatory Changes

This circular is issued in compliance with SEBI circular SEBI/CFD/PoD/2024/122 dated September 16, 2024, which prescribes timelines for credit and trading of bonus shares.

Compliance Requirements

  • Company must credit bonus shares in depository system by 12 PM on T+1 day (February 16, 2026)
  • Bonus shares must be available for trading at Beginning of Day (BOD) on T+2 day (February 17, 2026)
  • Company must provide undertaking with details including distinctive numbers, effective listing date, deemed allotment date, number of shares, and ISIN

Important Dates

  • Record Date: February 15, 2026 (T day)
  • Deemed Date of Allotment: February 16, 2026 (T+1)
  • Credit Deadline: February 16, 2026 by 12 PM
  • Effective Listing Date/Trading Commencement: February 17, 2026 (T+2)
  • Circular Submission Date: January 8, 2026

Impact Assessment

This bonus issue will distribute up to 34.77 million additional shares to existing shareholders of Axita Cotton Limited. The structured timeline ensures smooth credit and trading operations in accordance with SEBI guidelines. Shareholders holding shares as of the record date (February 15, 2026) will be eligible for the bonus issue. The bonus shares will increase the total outstanding shares of the company, potentially improving liquidity while maintaining proportional ownership for existing shareholders.

Impact Justification

Standard bonus issue announcement affecting existing shareholders with specific timelines for credit and trading commencement