Shine Fashions (India) Limited reported a consolidated revenue of ₹101.99 crore for the financial year ended March 31, 2026, a 24.9% increase from ₹81.58 crore in the previous year. The company made a strategic investment of ₹7.55 crore to enter a USD 4 billion global export market, which was classified as an exceptional expense. Consequently, the company reported a net loss of ₹19.21 crore for FY26, compared to a net profit of ₹3.83 crore in FY25. The board approved the audited financial results on May 30, 2026.

Financial Performance

On a consolidated basis, EBITDA before exceptional items rose 29.85% to ₹12.22 crore from ₹9.41 crore in FY25. Profit Before Tax, before the exceptional item, stood at ₹11.36 crore, up 21.6% from ₹9.34 crore in the prior year. On a standalone basis, revenue from operations grew 23.5% to ₹99.33 crore, while Profit Before Tax before the exceptional item was ₹11.68 crore. The exceptional expense of ₹7.55 crore related to market development across three continents to identify high-value product categories and facilitate introductions to international buyers.

Strategic Expansion and Fund Raising

The board authorized a fund-raising plan of up to ₹35 crore to finance the newly developed export market operations and meet increased working capital requirements. Management views FY27 as the year this investment will begin to yield tangible export revenues. The company also appointed M/s H.M. Sheth and Associates, Chartered Accountants, as internal auditors for a tenure of one year commencing from FY 2026-27.

Shine Fashions (India) Limited has responded to BSE Limited's inquiry regarding significant movement in the company's share price, clarifying that no undisclosed material information exists that could influence the stock's performance.

Regulatory Compliance Confirmation

In its communication dated April 13th, 2026, the company addressed BSE's concerns about recent price volatility. Shine Fashions confirmed its adherence to all requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, including Regulation 30.

Management's Position on Price Movement

The company's management, led by Managing Director Anish Anil Mehta, provided clear explanations for the observed price behavior. According to the official statement, the share price movement is purely market-driven and can be attributed to several external factors.

Key factors identified by the management include:

• General market conditions
• Demand and supply dynamics
• External factors beyond company control
• Normal market volatility patterns

Transparency and Future Commitments

Shine Fashions emphasized its commitment to maintaining transparency with stock exchanges and regulatory bodies. The company assured BSE that it will continue to keep the exchange informed of any material information or events as required under applicable regulations.

Managing Director Anish Anil Mehta, holding DIN 08560153, signed the clarification on behalf of the company, reaffirming the organization's dedication to regulatory compliance and investor transparency.

Market Context

The clarification follows BSE's routine inquiry process when significant price movements are observed in listed securities. Such communications are standard practice to ensure market integrity and protect investor interests by confirming that no insider information or undisclosed developments are influencing trading patterns.