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's Board, at its meeting on July 28, 2025, approved the allotment of 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). The record date for eligibility was July 25, 2025. The company's paid-up share capital rose from Rs. 1.55 crore (30,99,000 shares) to Rs. 12.40 crore (2,47,92,000 shares). Additionally, 18,13,000 bonus shares have been reserved for holders of outstanding convertible warrants, to be issued upon conversion. The new shares will rank pari-passu with existing shares for dividends and other benefits.
Shareholders received 7 free shares for each share held, significantly expanding the share count (an 8x increase) but proportionally diluting the per-share price. Theoretically neutral to overall holdings, though the large ratio signals management confidence and may improve liquidity and retail participation.