Voting Results of 6th Annual General Meeting of the Company held on Friday, 11th July, 2025 at 12.30 P.M. at the registered office of the Company duly declared along with Scrutinizer''s Report.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shine Fashions (India) Ltd held its 6th AGM on 11th July 2025, where all 12 resolutions were passed unanimously with 100% votes in favour and zero votes against. Voting participation was 66.30%, with 20,54,700 shares out of 30,99,000 outstanding shares being polled. Key items approved include a dividend of 2.5% (Rs.0.125 per share on Rs.5 face value), issue of 2,35,06,000 bonus equity shares, and an increase in authorised share capital. Several director-related resolutions were also cleared, including re-appointment of Mrs. Purvi Anil Sanghvi (retiring by rotation), appointment of Mrs. Binal Anish Mehta as Whole Time Director for 5 years, and appointment/re-appointment of three Independent Directors. M/s Gada Chheda & Co. LLP was appointed as Statutory Auditors and M/s JPS & Associates as Secretarial Auditors for 5-year terms. The Scrutinizer (M/s JPS & Associates) confirmed the voting was conducted fairly and transparently.
Shareholders should watch for the record date for the bonus issue (2,35,06,000 new shares), which will substantially expand the share count, and the small dividend of Rs.0.125 per share. The bonus issue reflects capitalisation of reserves and could pressure the stock price ex-bonus, while the modest dividend offers limited income. All governance and capital-related changes sailed through without opposition, indicating promoter and public alignment.