Shining Tools incorporates 55 percent subsidiary Shinvi Tools Limited

Shining Tools incorporated Shinvi Tools Limited as a subsidiary on 10 Sep 2026 with a 55 percent stake (5,500 shares at Rs 10 each, total Rs 55,000). Remaining 45 percent held by promoter family members, making it a related party transaction done at arm's length. Paid-up capital is Rs 1 lakh. The subsidiary will operate in hand tools, cutlery and machinery for mining, quarrying and construction, the same line as parent. Board approved on 10 Aug 2026. Aim: expand capabilities and reduce geographic concentration beyond Gujarat.