Aastha Spintex Ltd. (NSE: AASTHA, BSE: 544808), has announced further progress in the 1.35 MW rooftop solar PV project being implemented at the manufacturing facility of Falcon Yarns Private Limited, whose acquisition by the Company was previously disclosed.
The Company has received registration from the Gujarat Energy Development Agency (GEDA) for installation of a rooftop solar PV system with a capacity of 1,000 kW AC and 1,350 kW DC (1.35 MW DC) at Falcon Yarns’ manufacturing facility in Bharudi, Gondal, Rajkot district, Gujarat. The GEDA registration is dated 16 September 2026 and has been issued under the Gujarat Integrated Renewable Energy Policy – 2025 for the industrial/commercial category. As part of the strategy, the Board has approved a 1:1 bonus issue and an increase in the Company’s authorised share capital from Rs. 45 crore to Rs. 100 crore to facilitate the bonus issue and support future growth requirements.
The company’s growth strategy has also been supported by strong financial performance over the last two financial years. The company’s revenue increased from Rs.240 crore in FY23 to Rs.352 crore in FY25, reflecting a CAGR of 21.2%. During the same period, net profit grew from Rs.1.1 crore to Rs.23 crore, representing a CAGR of 356%. The company also reported a significant improvement in its operating performance, with its Operating Profit Margin increasing from 5.87% in FY23 to 14.16% in FY25. EBITDA margin also strengthened from 6.05% to 14.45%, reflecting improved operational efficiency and a disciplined approach to cost management.
