The Sixth Annual General Meeting of the Company is to be held on Friday on July 11th, 2025 at 12.30 P.M. at the registered office of the Company
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Shine Fashions (India) Ltd has called its 6th AGM on Friday, July 11, 2025 at 12:30 PM at its registered office in Mulund West, Mumbai. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and a dividend of Rs. 0.125 per share (2.5%) on equity shares of Rs. 5 face value for FY2024-25. A major special resolution proposes a 7:1 bonus issue — 7 new equity shares for every 1 held — by issuing 2,35,06,000 bonus shares and capitalising up to Rs. 11.75 crore from securities premium and P&L reserves, requiring authorised capital to rise from Rs. 5 crore to Rs. 13.5 crore. Other items include replacing statutory auditors (Gada Chheda & Co. LLP for 5 years), appointing Mrs. Binal Anish Mehta as Whole Time Director, re-appointing two Independent Directors for second terms, appointing a new Independent Director, and engaging M/s JPS & Associates as Secretarial Auditor.
The proposed 7:1 bonus issue is a very significant capital action — shareholders' share count will multiply 8x, which typically lifts liquidity but dilutes per-share metrics like EPS and DPS unless earnings grow proportionally. Combined with a small dividend, this signals management is rewarding shareholders via share expansion rather than large cash payouts. Shareholders should review the auditor change and director appointments for governance implications.