- Business
- Axita Cotton Limited, incorporated in 2013 and headquartered in Kadi, Mahesana district, Gujarat, India, with a corporate office in Ahmedabad, manufactures, processes, trades, and exports cotton products including seed cotton (Kapas) ginning and pressing on a job work basis; cotton bales in varieties such as Shankar-6, MCU-5/MECH, V-797, DCH-32, and J-34; cotton seeds; cotton yarn; specialized BCI and organic cotton compliant with Global Organic Textile Standard (GOTS); and agri-commodities, operating a production facility equipped with 48 ginning and pressing machines boasting an annual capacity of 87,600 metric tons of seed cotton strategically located near Gujarat's cotton-growing regions, serving domestic markets in Gujarat, Rajasthan, Maharashtra, and Madhya Pradesh as well as international customers in countries including Bangladesh, Vietnam, China, Indonesia, and Thailand through its BSE and NSE listings under ticker AXITA.NS. The company holds ISO 9001:2015 certification and Better Cotton Initiative membership, emphasizing sustainable practices like organic farming and energy-efficient technologies. Recent developments include a May 2023 buyback of 900,000 equity shares at Rs 56 each totaling Rs 504 lakhs to enhance shareholder value; a 1:3 bonus issue in December 2023 allotting over 65.2 million shares; approval of the Axita Employee Stock Option Plan 2023 for up to 9 million options with in-principle exchange approvals in 2024; a brief June 2024 acquisition of 55% stake in KPR Sports and Media Private Limited as a subsidiary for diversification followed by its full divestment effective June 30, 2025 to refocus on core cotton operations; declaration of 10% interim and final dividends for FY2024; and authorized share capital increase to Rs 50 crores in 2024 amid revenue growth to Rs 1,104 crores in FY2024 before a FY2025 decline due to geopolitical export disruptions.