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.

Shine Fashions (India) Limited has issued an important clarification to BSE Limited regarding a share transaction disclosure that appeared under the exchange's listing center on March 26, 2026. The disclosure, filed under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, initially showed a transaction involving disposal of shares by Mr. Anish Anil Mehta, who serves as both Promoter and Director of the company.

Filing Error Details

The company explained that the disclosure was submitted in response to an email from BSE requesting rectification of a discrepancy in an earlier disclosure filed on January 3, 2026. During the rectification process, the company inadvertently uploaded the corrected XBRL file without selecting the "revised" option, creating confusion about the nature and timing of the transaction.

Transaction Clarification

The company has categorically stated that no transaction involving disposal of shares took place on March 26, 2026. The disclosure pertains exclusively to the revision of the earlier filing dated January 3, 2026, which related to a transaction that actually occurred on January 2, 2026. Upon recognizing the filing error, the company promptly uploaded the revised XBRL file with the correct designation.

Stakeholder Communication

In its communication to BSE Limited, Shine Fashions has requested that shareholders and stakeholders not be confused or misled by the initial filing. The company emphasized that the erroneous disclosure was an inadvertent mistake that has been duly rectified through proper channels.

Regulatory Compliance

The clarification demonstrates the company's commitment to maintaining transparency and accuracy in its regulatory filings. The disclosure was signed by Mr. Anish Anil Mehta in his capacity as Managing Director, bearing DIN: 08560153, ensuring proper authorization and accountability for the correction.