Increase in Authorised Share capital of the Company and subsequent change in the Memorandum of Association of the Company
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Shine Fashions (India) Ltd has increased its authorised share capital from Rs. 5 crore to Rs. 13.5 crore, divided into 2.7 crore equity shares of Rs. 5 each (up from 1 crore shares). The change was approved by shareholders through remote e-voting at the Annual General Meeting held on July 11, 2025. The Memorandum of Association's Capital Clause has been amended to reflect this increase. This is a routine corporate housekeeping step and does not involve any actual issuance of shares to investors at this stage.
This change only raises the company's ceiling for issuing new shares in the future; it does not dilute current shareholders or change the face value of existing shares. Investors should watch for a follow-up announcement if the company plans a bonus issue, rights issue, or fundraising using this expanded capital headroom.