Board of Directors of the Company has recommended payment of Dividend of 12.50 paisa (Rs. 0.125/-) per equity share of the face value of Rs. 5/- each fully paid up for the Financial Year 2024-25
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The Board of Directors of Shine Fashions (India) Ltd, at its meeting held on May 6, 2025, has recommended a dividend of 12.50 paisa (Rs. 0.125) per equity share on shares of face value Rs. 5 each fully paid up, for the financial year 2024-25. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting. Once approved, it will be paid within 30 days of the AGM declaration. The company's scrip code is 543244 on BSE with symbol SHINEFASH.
This is a modest dividend payout representing 2.5% on face value; meaningful returns for shareholders will depend on the current market price and any tax implications. The recommendation signals board confidence in the company's financial performance for FY25, though the small absolute amount is unlikely to be a major catalyst for the stock price.