Aastha Spintex Secures ₹25 Crore Fabric Orders; Shares Fall 9.99%

Mumbai, September 24: Aastha Spintex has secured long-term, non-cancellable orders for the supply of greige fabric worth approximately ₹25 crore, marking the company’s entry into the fabric segment and expanding its existing textile operations.

According to the exchange filing, the company has received two orders for the manufacture and supply of greige fabric. The contracts have been secured from JSK Textile LLP, Halvad, Gujarat, and another customer under an Ex-Mill basis.

The first contract, dated September 24, 2026, is for approximately 750 MT of greige fabric and carries an order value of ₹25 crore. The company said the aggregate value of the orders is approximately ₹25 crore, excluding GST, with execution spread over the contractual period.

The orders are non-cancellable, with execution linked to the agreed contract terms and monthly production quantities subject to quality approval.

Stock Market Snapshot

Aastha Spintex shares were trading at ₹80.80 as of 12:24 PM IST on September 24, 2026, down ₹8.97, or 9.99%, according to the market data shown.

The stock opened around ₹90 before coming under sharp selling pressure. It fell below ₹85 during the early session and subsequently moved towards ₹81, where it remained for much of the session.

The Aastha Spintex share price was therefore down 9.99% despite the company’s announcement of the new fabric orders.

Orders Mark Entry Into Fabric Segment

The latest contracts represent a new direction within Aastha Spintex’s existing textile business, with the company moving into greige fabric manufacturing and supply.

Management said the orders are expected to broaden the company’s product mix and allow it to cater to a wider range of customer requirements. The additional volumes are also expected to make greater use of the company’s existing manufacturing capacity.

The company said the new business could improve capacity utilisation and operating efficiency, while helping it absorb fixed costs more effectively.

Aastha Spintex Sees Greater Order And Revenue Visibility

The company said the long-term nature of the contracts provides visibility over volumes during the execution period and supports its broader business expansion plans.

The orders also expand Aastha Spintex’s customer and product mix within its textile operations. Management said the contracts reflect customer confidence in the company’s manufacturing capabilities, product quality and ability to meet sizeable requirements.

Aastha Spintex expects the new business to contribute to its revenues and operating performance as execution progresses.

About Aastha Spintex

Aastha Spintex operates in the textile manufacturing sector, with its business centred on textile products and related manufacturing activities.

The company’s latest orders expand its operations into greige fabric, adding another product category to its existing textile business. The move also allows the company to utilise its manufacturing capacity across a broader customer and product base.

Conclusion

Aastha Spintex has secured long-term, non-cancellable orders for greige fabric with an aggregate disclosed value of approximately ₹25 crore, excluding GST.

The company said the orders mark its entry into the fabric segment and are expected to improve capacity utilisation, diversify its product mix and provide greater visibility over business volumes. Aastha Spintex shares were trading at ₹80.80, down 9.99%, as of 12:24 PM IST on September 24, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/AASTHA/Aastha-Spintex-Limited
• https://nsearchives.nseindia.com/corporate/9081535400_24092026110916_Aastha_Intimation_Sign__1_.pdf