The Board has fixed Friday 04.07.2025 as the record date for determining the entitlement of members for the proposed issue of bonus shares.
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Shine Fashions (India) Ltd has fixed Friday, 4th July 2025 as the record date to identify shareholders eligible for a proposed bonus issue. The company plans to issue 7 new equity shares of Rs. 5 each for every 1 existing share of Rs. 5 held, pending approval from shareholders at the upcoming Annual General Meeting. Investors who hold shares of the company as on the record date will be entitled to receive the bonus shares. The face value of the shares remains unchanged at Rs. 5.
This is a positive signal for existing shareholders as it rewards them with additional shares without any cash outlay. Theoretically, the share price will adjust downward (roughly to one-eighth) on the ex-date, but total holding value remains the same. It also increases the number of outstanding shares, improving liquidity, and signals management's confidence in the company's prospects.