During Tuesday’s trading session, the shares of a micro-cap company engaged in the import and trading of various types of fabrics and textile raw materials hit a 5 percent upper circuit on BSE, after the company announced scheduling a Board meeting for bonus shares.
Price Movement
With a market cap of Rs. 88 crores, the shares of Shine Fashions (India) Limited hit a 5 percent upper circuit at Rs. 301.55 on BSE, as compared to its previous closing price of Rs. 287.2.
The stock has delivered positive returns of over 59 percent in one year, but fell by 18 percent in the last one month.
What’s the News
As per the latest regulatory filings with the BSE, Shine Fashions (India) Limited has announced that a meeting of the Board of Directors of the company will be held on Tuesday, 6th May 2025, at 12:30 p.m.
The purpose of the meeting is to consider and approve a proposal for the issuance of bonus shares to the existing equity shareholders of the company, in a manner to be determined by the Board.
In addition, the Board will also consider and approve the Financial Results for the half year and year ended 31st March 2025, as well as consider the recommendation of a dividend for the financial year 2024-25.
Financial Performance
Shine Fashions reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 69 percent, rising from Rs. 20.3 crores in H1 FY24 to Rs. 34.3 crores in H1 FY25.
Similarly, during the same period, its net profit increased from Rs. 1.55 crores to Rs. 3.3 crores, representing an impressive growth of around 113 percent YoY.
About the company
Shine Fashions (India) Limited is engaged in the business of importing and trading various types of fabrics and textile raw materials. Specifically, the company is engaged in the manufacturing, supplying, and trading of non-woven interlining fabrics, woven fusible interlinings and microdot fusible interlinings.
Written by Shivani Singh
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