The Company hereby inform the Exchange about the aceptance and availment of the SBB SECURED DROPLINE Overdraft Facility as sanctioned by the Axis Bank.
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Awaiting price reaction for this filing.
Shine Fashions (India) Ltd held a board meeting on December 31, 2025, where the board approved the acceptance and availment of an SBB Secured Dropline Overdraft Facility sanctioned by Axis Bank. The meeting lasted only 20 minutes, from 11:00 AM to 11:20 AM, with this being the key item considered. A dropline overdraft facility is a secured credit line where the available limit reduces over time as repayments are made. The specific sanctioned amount and tenure were not disclosed in the filing.
This is a routine borrowing announcement indicating the company is drawing on a pre-approved bank credit line, which is normal working capital activity. No immediate positive or negative impact on shareholders is expected unless the borrowed amount is significant relative to the company's size.