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.

Shine Fashions (India) Limited has completed its quarterly regulatory compliance by submitting the required certificate under SEBI Depositories Regulations for the quarter ended March 31st, 2026. The submission demonstrates the company's adherence to regulatory requirements governing depositories and participants.

Regulatory Compliance Details

The compliance certificate was submitted under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates quarterly reporting by companies regarding their depository-related activities and compliance status.

RTA Confirmation and Certificate

Cameo Corporate Services Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate. The RTA confirmed that no physical securities were received from depository participants for dematerialization during the quarter ended March 31st, 2026.

The RTA specifically noted that since there are no physical folios, no physical securities were processed for dematerialization during Q4FY26. This indicates the company's complete transition to electronic form of securities holding.

Management and Submission

The compliance certificate was submitted to BSE Limited by Managing Director Anish Anil Mehta (DIN: 08560153). The submission was made to the Manager – Listing Department at BSE's Phiroze Jeejeebhoy Towers location in Mumbai.

The quarterly compliance submission reflects Shine Fashions' commitment to maintaining regulatory adherence and transparent reporting to market authorities and stakeholders.