This is in continuation to our earlier Intimation dated 6th May, 2025 regarding Proposal for issue of Bonus Shares, Intimation dated 21.07.2025 regarding record date and deemed date of ....
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Awaiting price reaction for this filing.
Shine Fashions announced that its Board, at a meeting held on January 21, 2026, approved the release of 455,000 fully paid-up bonus equity shares of Rs. 5 each at a 7:1 ratio (7 new shares for every 1 existing share). These shares had been kept in reserve for outstanding convertible warrants as on the record date of July 25, 2025. Following the conversion of 65,000 warrants by Mr. Anil Zaverchand Mehta, the company's paid-up share capital increased from Rs. 1.24 crore (2,485,700 shares) to Rs. 1.27 crore (2,531,200 shares). Additionally, 1,358,000 bonus shares remain in reserve pending conversion of the remaining outstanding warrants.
This is a procedural release of bonus shares already approved earlier, triggered by a promoter's warrant conversion. There is no fresh value creation, but it confirms promoter confidence in the company and slightly increases the share count. Investors should note that more bonus shares remain reserved and could dilute equity further upon remaining warrant conversions.