Intimation pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 for proposal for issue of Bonus Shares
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The Board of Directors of Shine Fashions (India) Ltd, at its meeting held on May 6, 2025, has recommended issuing bonus shares in the ratio of 7:1, meaning 7 new equity shares of Rs. 5 each for every 1 existing share held. A total of up to 2,35,06,000 bonus shares will be allotted, requiring capitalization of Rs. 11.753 crores from the Securities Premium Account and free reserves. Pre-bonus paid-up share capital is Rs. 1.679 crores (33,58,000 shares), which will rise to Rs. 13.432 crores (2,68,64,000 shares) after the issue. The Securities Premium Account balance of Rs. 21.64 crores as on March 31, 2025 is sufficient to fund the bonus. Bonus shares are expected to be credited by end of September 2025, subject to shareholder approval at the upcoming AGM.
This is a highly rewarding bonus for shareholders — a 7:1 ratio means each share becomes 8 shares, significantly expanding the share base. However, since this is a capitalization of reserves, it does not change the overall value of the company, though it may improve liquidity and lower per-share price, making the stock more accessible to retail investors.