Shine Fashions (India) Ltd — Board Meeting, 06-05-2025: Board Meeting

ShineFashions(India) Ltd. has announced a board meeting on which it approved the financial results for the quarter and half-year ended March 31, 2025. The company reported standalone net profit of Rs. 6.97 Cr and consolidated net profit of Rs. 6.99 Cr for the year, nearly doubling from the previous year. Revenue from operations rose to Rs. 80.46 Cr (standalone) and Rs. 81.58 Cr (consolidated), reflecting growth in fabric and raw material trading. The Board approved the allotment of 21,000 equity shares to a promoter on warrant conversion and recommended a dividend of 12.5 paise per share. A bonus issue of 7 shares for every 1 held is proposed, subject to shareholder approval, capitalizing Rs. 11.75 Cr from reserves. Mr. Anil Zaverchand Mehta was appointed as Non-Executive Chairman. The financials were audited with an unmodified opinion but include unconfirmed balances of creditors and debtors.