Shine Fashions (India) Ltd

Shine Fashions (India) Ltd. has submitted revised consolidated and standalone audited financial statements for the half year and year ended March 31, 2026, due to a clerical error found in the initially submitted consolidated financial results. The corrected results were approved by the Board of Directors in its meeting held on May 30, 2026. The company had previously submitted the audited financial statements on the same date.

Shine Fashions (India) Ltd has re-appointed M/s H.M. Sheth and Associates, Chartered Accountants, Mumbai, as the Internal Auditors of the company. The re-appointment was approved by the Board of Directors on May 30, 2026, for a tenure of one year commencing from FY 2026-27. M/s H. M. Sheth & Associates has over 7 years of experience in internal audit and tax compliance services, serving clients across various industries including Real estate, Chemicals, BFSI and Textiles.

Shine Fashions (India) Ltd. has announced its standalone and consolidated financial results for the half year and year ended March 31, 2026. The results were approved by the Board of Directors in a meeting held on May 30, 2026, and have been audited. The auditor's report indicates a true and fair view of the company's financial performance in accordance with applicable accounting standards and SEBI regulations. The report highlights a material, non-recurring expense related to a new market study, disclosed as an exceptional item.

Shine Fashions (India) Ltd. reported a record annual revenue of ₹102 Crore in FY26, with operating profit surging 30% YoY. The company made a strategic investment of ₹7.55 Crore to tap into a USD 4 Billion global export opportunity. Consolidated revenue from operations for FY26 stood at ₹101.99 crore, a 24.9% increase from ₹81.58 crore in FY25. EBITDA rose to ₹12.22 crore, up 29.85% from ₹9.41 crore in FY25. The Board has approved a fund raising plan of upto ₹35 crore to fund the export business.

Shine Fashions (India) Ltd's board approved the audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026. The board also approved a fund raising plan of upto ₹35 Crores to fund the newly developed export market operations and increased working capital requirements. Additionally, M/s H.M. Sheth and Associates were appointed as the Internal Auditors of the Company.

Shine Fashions (India) Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited standalone and consolidated financial results for the half year and year ended March 31, 2026, along with the auditor's report. The board will also consider and approve the recommendation of a dividend for FY 2025-26, various fund-raising options, and related party transactions.

Shine Fashions (India) Ltd. announced the raising of ₹4.02 crores through the preferential allotment of equity shares via warrant conversions during the half year ended March 31, 2026. The funds were raised through three board resolutions in October 2025 and March 2026. The company confirms no deviation or variation in the use of proceeds, which were utilized as stated in offer documents, primarily to meet working capital requirements.

Shine Fashions (India) Ltd has clarified that a disclosure appearing under the BSE Listing Centre regarding a transaction of disposal of shares by Mr. Anish Anil Mehta was inadvertently made. The disclosure, which appeared under the BSE Listing Centre and reflected a transaction of disposal of shares by Mr. Anish Anil Mehta, was submitted pursuant to an email received from BSE seeking rectification of a discrepancy in an earlier disclosure filed on January 3, 2026. The Company inadvertently uploaded the corrected XBRL file without selecting the 'revised' option. Upon noticing the error, the Company uploaded the revised XBRL file correctly. The Company clarifies that no transaction involving disposal of shares has taken place on March 26, 2026. The disclosure pertains only to the revision of the earlier filing dated January 3, 2026, relating to a transaction that occurred on January 2, 2026. Shareholders and stakeholders are requested not to be confused or misled by the initial filing, as the same was an inadvertent error and has since been duly rectified.

Shine Fashions (India) Ltd has announced the closure of its trading window in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2015 and 2018. The trading window will be closed from 1st April, 2026 till 48 hours after the declaration of Audited Financial Results for the half year and year ended as on 31.03.2026. The date of the Board Meeting where the Financial Results will be considered is yet to be intimated.

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.