Allotment of 65000 (Sixty-Five Thousand) Equity Shares of face value of Rs. 5/- (Rupees Five only) each upon conversion of the warrants at an issue price of Rs. 207/- (Rupees Two hundred ....
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Awaiting price reaction for this filing.
Shine Fashions (India) Ltd announced that its Board, at a meeting held on October 29, 2025, approved the allotment of 65,000 equity shares of face value Rs. 5/- each at an issue price of Rs. 207/- per share (including a premium of Rs. 202/-). These shares were issued to Mr. Anil Zaverchand Mehta, a promoter, upon conversion of an equivalent number of warrants originally allotted on September 11, 2024 on a preferential basis at Rs. 207/- per warrant. The total consideration received is approximately Rs. 1.345 crore (Rs. 1,34,55,000). Following this conversion, the company's paid-up equity capital rises to 2,48,57,000 shares, with 194,000 more warrants still pending conversion.
This is a routine promoter-driven warrant conversion with no new capital from external investors; it mildly dilutes existing shareholders but signals continued promoter confidence. The stock price impact is likely negligible given the small size of the allotment.