Intimation under Regulation 30 of SEBI (LODR), 2015
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On June 6, 2025, the Board of Shine Fashions approved multiple key appointments subject to shareholder approval at the upcoming AGM. M/s Gada Chheda & Co. LLP (FRN-W100059) and M/s JPS & Associates have been recommended as Statutory and Secretarial Auditors respectively for a five-year term (FY 2025-26 to FY 2029-30). M/s H.M. Sheth and Associates has been appointed as Internal Auditors. On the board front, two existing Independent Directors — Mrs. Nikita Dungarshi Mange and Mrs. Nikita Nikhil Rathod — have been recommended for re-appointment for another five-year term. Ms. Labdhi Manish Vora has been appointed as a new Independent Director, replacing Mr. Priyank Ramesh Doshi whose five-year tenure has ended. Additionally, Mrs. Binal Anish Mehta, the current CFO and a key promoter holding 11.64% equity, has been recommended for appointment as Whole Time Director for five years.
These are largely routine governance and auditor rotation decisions, but the elevation of CFO Binal Mehta (wife of MD Anish Mehta and sister of CEO Purvi Sanghvi) to Whole Time Director further consolidates the promoter family's grip on the board. No immediate material impact on shareholders is expected, though promoter family entrenchment may be a concern for minority investors.