The trading window of the Company would be closed with effect from 03.06.2025 till 48 hours from the declaration of outcome of the ensuing Board Meeting to be held on 6th June, 2025.
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Awaiting price reaction for this filing.
Shine Fashions (India) Ltd has informed the BSE that its trading window will be closed from June 3, 2025, until 48 hours after the outcome of its Board Meeting scheduled for June 6, 2025. The closure is pursuant to SEBI's Prohibition of Insider Trading Regulations, 2015, and is triggered by the Board's proposed consideration of an increase in the Authorised Share Capital of the Company. All designated persons and their immediate relatives are prohibited from trading in the Company's securities during this closed window period. The intimation has been signed by Anish Anil Mehta, Managing Director of the Company.
This is a routine compliance filing and does not directly affect shareholders, but signals that the Board is likely to approve an increase in Authorised Share Capital on June 6, 2025, which could pave the way for a future fund-raising or stock split, potentially affecting share price post-announcement.