Aastha Spintex Ltd IPO

Integrated cotton spinning infrastructure with modern technologies to support our product portfolio.

Long standing relationship with key customers.

Strategically located manufacturing facility with adequate storage facility and scope for future expansion.

Renewable Energy Infrastructure Enabling Sustainable and Cost-Efficient Manufacturing.

One of the Objects of the Issue is to utilise a portion of the Issue Proceeds towards part payment of the purchase consideration for the acquisition of equity shares of Falcon Yarns Private Limited ("Falcon" or the "Target Company") by the Company, the Company proposes to utilise Rs.11,151.00 lakhs from the Issue Proceeds towards part payment of the purchase consideration for acquisition of 33,453,508 equity shares of Falcon at an acquisition price of Rs.33.33 per equity share which is higher than the buyback price of Rs.14.46 per share undertaken by Falcon on September 13, 2024.

The company has filed compounding applications in respect of certain past non-compliances under the Companies Act, 2013, and may be subject to penalties or adverse regulatory action in connection therewith.

The Company has, in the past, not complied with the requirements of Section 138 of the Companies Act, 2013 relating to the appointment of an internal auditor, which may expose it to regulatory actions and could adversely affect its business, financial condition and reputation.

The company has significantly dependent on 7 Seas Impex for majority of the company sales outside Gujarat and exports, and any adverse development in this arrangement could materially and adversely affect its business, results of operations and financial condition.