This is to inform you that pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Board at its meeting held today i.e. ....
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Shine Fashions (India) Ltd's Board, at its May 6, 2025 meeting, approved audited Standalone and Consolidated financial results for the half-year and year ended March 31, 2025. Revenue from operations rose to Rs. 80.46 crore (standalone) from Rs. 52.89 crore last year, a jump of about 52%, while net profit grew to Rs. 6.97 crore from Rs. 3.88 crore, up nearly 80% YoY, lifting basic EPS to Rs. 24.35. The Board allotted 21,000 equity shares to promoter Purvi Anil Sanghvi on conversion of warrants at Rs. 207 each, recommended a 7:1 bonus issue (subject to shareholder approval), and proposed a 2.5% dividend (12.50 paise per share) for FY25. Mr. Anil Zaverchand Mehta was also appointed as Non-Executive Chairman. The auditor issued an unmodified opinion but flagged an emphasis of matter on unconfirmed balances of sundry creditors, debtors and loans & advances.
Strong revenue and profit growth, combined with a generous 7:1 bonus issue and a maiden dividend, signal healthy shareholder rewards, though the share count will expand sharply post-bonus. The emphasis of matter on unconfirmed balances is a mild governance flag for investors to watch.