Intimation under Regulation 30 of SEBI (LODR), 2015 regarding appointment/ re-appointment of Director of the Company
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Shine Fashions (India) Ltd announced board changes approved at its AGM held on July 11, 2025. Two independent directors — Mrs. Nikita Dungarshi Mange and Mrs. Nikita Nikhil Rathod — were re-appointed for a second 5-year term each. Ms. Labdhi Manish Vora was appointed as a new Independent Director for 5 years, replacing Mr. Priyank Ramesh Doshi whose 5-year tenure ended. Additionally, Mrs. Binal Anish Mehta, the current CFO since March 2021, has been elevated to Whole Time Director for a 5-year term. Mrs. Mehta holds an 11.64% promoter stake and is the wife of the Managing Director, signaling continued family-led governance.
The changes reinforce promoter family control of the board, with the CFO being elevated to a whole-time executive director role. For shareholders, this brings continuity in leadership but also deepens promoter influence at the board level, which is a governance consideration for minority investors.