Shining Tools Limited has notified the stock exchange of the resignation of Abhishek Arvindbhai Dobaria (DIN: 07359117) from his positions as Chief Financial Officer and Executive Director of the company, with effect from 4th August 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023.

Key Details of the Resignation

The following table summarises the key particulars of the resignation as disclosed by the company:

Resignation Background

In his resignation letter addressed to the Board of Directors of Shining Tools Limited, Dobaria stated that his decision to step down was driven by pre-occupancy and increased professional commitments. He confirmed that there are no other material reasons for his resignation beyond those explicitly stated. Dobaria also expressed gratitude to the Board of Directors and the management team for the support extended to him during his tenure, and conveyed his best wishes for the continued success and prosperity of the company.

Regulatory Compliance

The company has filed the requisite disclosures with the stock exchange in accordance with Regulation 30 and Part A of Schedule III of the SEBI (LODR) Regulations, 2015. The intimation covers both the cessation from the role of Chief Financial Officer (Annexure A) and the cessation from the role of Executive Director (Annexure B), as required under the applicable regulatory framework. The Managing Director, Vipulbhai Laljibhai Ghonia (DIN: 06511100), signed and submitted the disclosure on behalf of Shining Tools Limited.

Shining Tools Limited reported a 117% increase in net profit to ₹389.03 crore for the financial year ended March 31, 2026, compared to ₹179.54 crore in the previous year. Revenue from operations grew 24% to ₹1829.49 crore from ₹1472.88 crore in FY25. The board approved the audited standalone financial results at a meeting held on May 30, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The company’s earnings per share (EPS) for the year improved to ₹8.23 from ₹4.40 in the prior year. For the half-year ended March 31, 2026, the company recorded a profit of ₹205.20 crore. The statutory auditor, V S S B & Associates, issued an unqualified opinion on the financial results, confirming they give a true and fair view of the company's financial performance.

Financial Performance Summary

The board also reviewed the utilization of proceeds from its Initial Public Offering (IPO). The company had raised ₹1710 lakh through the IPO, and as of March 31, 2026, it had utilized ₹1692.17 lakh. The unutilized balance of ₹17.83 lakh remains invested in short-term fixed deposits or bank balances pending deployment for approved purposes. The primary use of funds included the purchase and installation of plant and machinery for carbide precision tools and funding working capital requirements.

IPO Proceeds Utilization

The trading window for directors, designated persons, and their immediate relatives, which had been closed since April 1, 2026, will reopen 48 hours after the financial results are made public. The company’s shares are listed on the BSE SME platform.