Pashupati Cotspin Limited Sets November 13 for 3:2 Bonus

Pashupati Cotspin Limited has fixed November 13, 2026 as the record date for its 3:2 bonus issue, under which eligible shareholders will receive three new equity shares for every two shares held. The issue will capitalise up to Rs 23.68 crore from free reserves and is estimated for completion on or before December 2, 2026.

What is Pashupati Cotspin's bonus share ratio?

Pashupati Cotspin's approved ratio is three fully paid-up bonus equity shares of face value Re 1 each for every two existing Re 1 equity shares held on the record date. The company had recommended the proposal at its board meeting on October 3, 2026.

A bonus issue increases the number of shares held by eligible investors without requiring them to make a cash payment. In this case, an investor holding two eligible Pashupati Cotspin shares on the record date will receive three additional shares, subject to the company's process for handling fractional entitlements.

When is the Pashupati Cotspin bonus record date?

Pashupati Cotspin has fixed November 13, 2026 as the record date to determine shareholders eligible for the bonus shares. The company made the record-date intimation under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure states that shareholders holding shares in physical or dematerialised form as of the close of business on November 13 will be entitled to receive the shares. Social-media updates also identified November 13 as the ex-bonus date. Eligibility therefore depends on being recorded as a shareholder on the stated record date.

Has Pashupati Cotspin received shareholder approval?

Pashupati Cotspin's shareholders have approved the bonus issue and the authorised capital increase through a postal ballot. The scrutinizer's report confirmed that the resolutions were passed with 100% of valid votes in favour.

The board had initially made both actions subject to shareholder consent. Remote e-voting for the postal ballot ran from October 8 to November 6, 2026. With the approval process completed, the company has proceeded to fix the record date for determining entitlement to the 3:2 issue.

How will the bonus issue change Pashupati Cotspin's share capital?

Pashupati Cotspin's paid-up equity share capital can rise from 15.78 crore Re 1 shares to as many as 39.46 crore Re 1 shares after the bonus issue. The increase reflects the issue of up to 23.68 crore new bonus shares through capitalisation of reserves.

The company said its free reserves, based on audited financial statements for the year ended March 31, 2026, stood at Rs 148.32 crore. It plans to use up to Rs 23.68 crore of these reserves for the issue. The company has also approved an increase in authorised share capital from Rs 16 crore to Rs 40 crore to facilitate the bonus shares and support future operational requirements.

What happens to fractional Pashupati Cotspin bonus shares?

Pashupati Cotspin will consolidate and dispose of fractional entitlements arising from odd shareholdings, then distribute the net proceeds proportionately after applicable costs and taxes. A 3:2 ratio can create fractional entitlements for investors whose holdings do not divide cleanly under the ratio.

For example, the company has indicated that an entitlement such as 0.5 of a bonus share would be treated through this consolidation process rather than issued as a fractional listed share. Investors should note that the precise outcome for an individual holder depends on the number of shares held on the record date and the applicable process disclosed by the company.

Conclusion

Pashupati Cotspin's corporate action is now moving from proposal to implementation after shareholder approval, with November 13 set as the eligibility date for the 3:2 bonus issue. The transaction uses a portion of the company's stated free reserves to increase its paid-up share capital and does not require a cash payment from eligible shareholders.

The next disclosed milestone is completion of the bonus issue on or before December 2, 2026. Shareholders can watch for the credit or allotment process after the record date, including the company's treatment and distribution of proceeds related to fractional entitlements.