Shine Fashions (India) Ltd — Important, 15-05-2026: Company Update

Shine Fashions (India) Limited has reported on the utilization of funds raised through the preferential allotment of equity shares from warrant conversions. During the last half-year, the company successfully raised a total of Rs. 4.02 crore. These proceeds were explicitly designated for and fully utilized to meet the working capital requirements of the company. The company confirmed that there was no deviation or variation in how these funds were deployed compared to the purposes originally stated in the offer documents. This update provides clarity to shareholders regarding the planned deployment of capital for business operations.