Description

65,000 equity shares of Shine Fashions (India) Limited listed on BSE with effect from January 13, 2026, issued to promoters on preferential basis pursuant to conversion of warrants.

Summary

BSE has approved the listing of 65,000 new equity shares of Shine Fashions (India) Limited (Scrip Code: 543244) with effect from January 13, 2026. These shares were issued to promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 207 per share (face value Rs. 5 plus premium of Rs. 202). The shares rank pari-passu with existing equity shares and are subject to lock-in until July 12, 2027.

Key Points

  • 65,000 equity shares of face value Rs. 5 each issued at premium of Rs. 202 per share
  • Total issue price: Rs. 207 per share
  • Issued to promoters on preferential basis pursuant to warrant conversion
  • Date of allotment: October 29, 2025
  • Trading permitted from: January 13, 2026
  • Distinctive numbers: 24792001 to 24857000
  • ISIN: INE0BLY01023
  • All shares subject to lock-in until July 12, 2027
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members are informed to note the listing of these new securities
  • Lock-in restrictions must be observed until July 12, 2027 for all 65,000 shares

Important Dates

  • Date of Allotment: October 29, 2025
  • Trading Commencement: January 13, 2026 (Tuesday)
  • Lock-in Expiry: July 12, 2027

Impact Assessment

This is a routine corporate action with minimal market impact. The preferential allotment represents a small number of shares issued to promoters following warrant conversion. The lock-in period of approximately 18 months from the trading commencement date ensures these shares cannot be sold immediately, preventing any dilution concerns. The shares rank equally with existing equity shares in terms of rights and privileges. Trading members should update their records to reflect the new securities.

Impact Justification

Routine listing of preferential allotment shares to promoters following warrant conversion. Limited market impact due to small number of shares (65,000) and lock-in period until July 2027.