Bonus10 Mar 2026, 09:32 pm
Shine Fashions Allots 124,000 Equity Shares Upon Conversion of Warrants and Releases 868,000 Bonus Shares
AI Summary
Shine Fashions (India) Ltd. has allotted 124,000 equity shares to Anil Zaverchand Mehta upon conversion of warrants. The company has also released 868,000 bonus shares in the proportion of 7:1 upon conversion of warrants into equity shares. This decision was made during the board meeting held on March 10, 2026. The meeting was initially scheduled for 4:00 PM but was rescheduled and commenced at 5:30 PM due to unavoidable circumstances.
Key Highlights
- Shine Fashions allotted 124,000 equity shares upon conversion of warrants.
- 868,000 bonus shares released in the proportion of 7:1 upon conversion of warrants into equity shares.
- Anil Zaverchand Mehta, a promoter, was the allottee of the equity shares.
- The decision was made during the board meeting held on March 10, 2026.
- The meeting was initially scheduled for 4:00 PM but was rescheduled and commenced at 5:30 PM due to unavoidable circumstances.