Quarterly Updates6 Mar 2026, 06:22 pm
Shine Fashions Approves Allotment of 70,000 Equity Shares Upon Conversion of Warrants
AI Summary
Shine Fashions (India) Ltd. has approved the allotment of 70,000 equity shares at an issue price of Rs. 207/- each, including a premium of Rs. 202/- each, to Anil Zaverchand Mehta. This allotment is pursuant to the conversion of warrants allotted at an issue price of Rs. 207/- each. The company will also release 4,90,000 bonus shares upon conversion of warrants into equity shares. The total paid-up share capital of the company has increased to Rs. 12,93,60,000/- divided into 2,58,72,000 fully paid-up equity shares of Rs. 5/- each.
Key Highlights
- Shine Fashions to allot 70,000 equity shares upon conversion of warrants.
- The allotment is to Anil Zaverchand Mehta, a promoter of the company.
- The company will also release 4,90,000 bonus shares upon conversion of warrants into equity shares.
- The total paid-up share capital of the company has increased to Rs. 12,93,60,000/- divided into 2,58,72,000 fully paid-up equity shares of Rs. 5/- each.
- The bonus equity shares will rank pari-passu in all respects and carry the same rights as the existing equity shares of the company.