Shine Fashions (India) Ltd — Important, 08-01-2026: Company Update

Shine Fashions (India) Ltd. has approved a strategic cash acquisition of M/s S K S Textiles Limited, a textile company currently in liquidation, for 12.6058 Cr. This move aims to expand Shine Fashions' footprint in the textile sector, diversify its fabric offerings, and strengthen operational capabilities. The acquisition is expected to achieve strategic synergies, unlock economies of scale, and enhance competitive positioning for sustainable long-term growth. Upon completion, S K S Textiles Limited will become a subsidiary. The process is anticipated to conclude within 6 to 12 months, subject to necessary approvals.