Announced Mon, 10 Aug · 19:02 IST
Board approves incorporation of subsidiary Shinvi Tools Limited
Price
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Price reaction · full curve 14 horizons · vs prior close
+9.8%1-day move
₹87.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+9.8+13.8+14.0+12.6—+8.2+13.8+31.0——
Up moveDown movePending
AI summary
Shining Tools Limited's Board approved incorporating a new subsidiary named Shinvi Tools Limited on August 10, 2025. The subsidiary will engage in manufacturing of mining, quarrying and construction machinery, cutlery, hand tools, and general hardware. Detailed disclosures as per SEBI norms will follow once the subsidiary is formally incorporated.
Likely market impact
Signals business expansion into mining and hand tools segments. Financial impact to be assessed once subsidiary becomes operational.