The Board in its meeting held on 08.01.2026 has approved the proposed acquisition of M/s S K S Textiles Limited (In Liquidation) and being acquired through IBC process, subject to applicable ....
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Shine Fashions (India) Ltd's board, on January 8, 2026, approved acquiring M/s S K S Textiles Limited, which is currently in liquidation and being sold through the IBC (insolvency) process. S K S Textiles is an NSE-listed textile manufacturer based in Bhiwandi, dealing in shirting, suiting, and cotton/polyester fabrics, though it has reported NIL turnover for the last three financial years due to liquidation. The deal will be done entirely in cash for a total consideration of Rs. 12.6058 Crores. Upon completion, S K S Textiles will become a wholly-owned subsidiary of Shine Fashions, with the acquisition expected to close within 6 to 12 months subject to NCLT and other regulatory approvals.
This acquisition expands Shine Fashions' textile footprint and product range at a relatively low cost, but brings along a financially stressed target with no recent operations, so the actual value depends on how well the company can revive and integrate the business. Shareholders should watch for further clarity on revival plans, financing of the cash deal, and any open offer obligations that may arise from this transaction.