# Aastha Spintex Executive Director Jashwant Valjibhai Patel Dies; Board Files BSE and NSE Intimation

> Aastha Spintex confirmed Executive Director Jashwant Valjibhai Patel died on November 6, 2026, and filed a SEBI Regulation 30 intimation with BSE and NSE.

- Published: 2026-11-07T12:30:05+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-07/aastha-spintex-director-jashwant-patel-dies
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/aastha-spintex-executive-director-jashwant-valjibhai-patel-passes-away/55598644)

## Key takeaways

- Jashwant Valjibhai Patel ceased to be Executive Director of Aastha Spintex with effect from November 6, 2026.
- Aastha Spintex filed the intimation under SEBI Regulation 30 read with Schedule III, signed by Whole Time Director Vivek Rasiklal Gothi on November 7, 2026.
- The filing did not disclose a replacement appointment for the Executive Director role.

Aastha Spintex Executive Director Jashwant Valjibhai Patel died on November 6, 2026, and ceased to hold the directorship with effect from that date, the company said in a filing to [BSE](https://akta.pro/company-profiles/000283q/bse) and NSE. [ScanX](https://scanx.trade/stock-market-news/companies/aastha-spintex-executive-director-jashwant-valjibhai-patel-passes-away/55598644) reported the intimation, which did not name a replacement.

## Aastha Spintex Files Patel's Cessation With BSE and NSE

[Aastha Spintex](https://akta.pro/company-profiles/02lw7pe/aastha-spintex) submitted the intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Vivek Rasiklal Gothi, Whole Time Director, on November 7, 2026. The Board of Directors expressed deep condolences to the bereaved family and acknowledged Patel's guidance and leadership during his tenure. The company did not disclose a replacement appointment in this specific intimation.

BSE, the exchange that received the filing, issued no adverse observations on Andhra Cements' proposed amalgamation with Sagar Cements on November 5, 2026, allowing that scheme to proceed to NCLT, according to ScanX.

## Aastha Spintex's Capital and Capacity Records

According to akta.pro [company records](https://akta.pro/company-data), Aastha Spintex increased its authorised share capital from Rs 45 crore to Rs 100 crore and approved a 1:1 bonus issue plus a Rs 0.10 per share final dividend for FY26 in July 2026. The same records show the company acquired Falcon Yarns Private Limited, lifting spinning capacity from 7,700 MT to 17,457 MT and spindle capacity from 25,920 to 61,824. The records list FY25 revenue of Rs 351 crore and IPO proceeds of Rs 170 crore from a fresh share issue in July 2026 that was subscribed 4.64 times.

## Earlier Board Changes at Aastha Spintex

Aastha Spintex appointed Utsav Himanshu Trivedi as an additional independent director effective August 25, 2026, filling the vacancy created by Anant Bharatbhai Bhatt's resignation over personal commitments, ScanX reported in August 2026. The company announced the governance changes after its August 25, 2026 Board meeting, with Trivedi's appointment as Non-Executive Independent Director subject to shareholder approval, ScanX reported. In September 2026, Aastha Spintex allotted 4,41,42,190 bonus equity shares in a 1:1 ratio, doubling paid-up capital to Rs 88.28 crore, ScanX reported.

## Companies in this story

- [Aastha Spintex company profile](https://akta.pro/company-profiles/02lw7pe/aastha-spintex) · website: https://www.aasthaspintex.com
- [BSE company profile](https://akta.pro/company-profiles/000283q/bse) · website: http://www.bseindia.com

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