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ShineFashions(India) Ltd has announced a board meeting on which approved the allotment of 70,000 equity shares on conversion of warrants to two non-promoter individuals at an issue price of Rs. 207 each, raising about Rs. 1.45 crore. The Board approved increasing the authorised share capital from Rs. 5 Cr to Rs. 13.5 Cr and corresponding amendments to the Memorandum of Association, subject to shareholder approval. A dividend of 12.5 paise per share (2.5%) and a bonus issue of 7 shares for every 1 share held were recommended. The Board also approved the AGM and e-voting arrangements, appointments and re-appointments of secretarial, internal, and statutory auditors, as well as several board and executive leadership appointments and renewals, including re-appointments of two independent directors and appointment of a new independent director and the CFO as whole-time director. These moves strengthen governance, expand capital base, and reward shareholders, positioning ShineFashions for growth and enhanced compliance.