Shining Tools Incorporates Subsidiary SHINVI TOOLS LIMITED

Shining Tools Limited has announced the incorporation of its new subsidiary, SHINVI TOOLS LIMITED, effective September 10, 2026. This move is in line with the Board's approval from August 10, 2026. The subsidiary has an initial paid-up capital of ₹1,00,000. Shining Tools Limited holds a 55% stake (5,500 shares) in SHINVI TOOLS LIMITED, with the remaining 45% held by related parties, including promoters and directors. The transaction was conducted on an arm's length basis at a face value of ₹10 per share. SHINVI TOOLS LIMITED will engage in the manufacture of machinery for mining, quarrying, construction, and hand tools. The objective is to expand the company's capabilities, strengthen its presence in the tools and machinery segment, and diversify geographically beyond Gujarat. The incorporation is considered complete as of September 10, 2026.