Allotment of Securities through Bonus Issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.2 pts more than Nifty Microcap 250 and 6.1 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shine Fashions (India) Ltd has allotted 2,16,93,000 fully paid-up bonus equity shares of Rs. 5 each in the ratio of 7:1 (7 bonus shares for every 1 existing share) to eligible shareholders as on the record date of July 25, 2025. The paid-up share capital has increased from Rs. 1.55 crore (30.99 lakh shares) to Rs. 12.40 crore (2.48 crore shares). An additional 18.13 lakh bonus shares have been kept aside for holders of outstanding convertible warrants, to be issued upon conversion. The board approved the allotment at its meeting held on July 28, 2025.
This is a highly favourable event for shareholders — the 7:1 bonus issue dramatically expands the share count (roughly 8x), which typically lowers the per-share price proportionally while preserving total holding value. It signals management confidence and rewards loyal shareholders, though share price will adjust downward on ex-date.