The Board has approved an increase in Authorised Share Capital of the Company from Rs. 5 Crores to Rs. 13.50 Crores, subject to approval of the members in the ensuing Annual General Meeting
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The Board of Directors of Shine Fashions (India) Ltd, at its meeting held on June 6, 2025, approved raising the company's Authorised Share Capital from Rs. 5 Crores to Rs. 13.50 Crores. This translates to an increase from 1 crore equity shares to 2.70 crore equity shares, with the face value remaining unchanged at Rs. 5 per share. The new shares will carry equal rights (pari passu) with existing equity shares. The proposal also includes a corresponding amendment to the Capital Clause (Clause V) of the Memorandum of Association. The change is subject to approval from shareholders at the upcoming Annual General Meeting (AGM).
This is only an increase in authorised capital (the maximum limit the company can issue), not an actual issuance of new shares, so there is no immediate dilution or fundraising. However, it gives the company headroom to raise fresh capital, issue bonus shares, or effect a stock split in the future — investors should watch the AGM outcome and any follow-up announcements closely.