Shine Fashions (India) Limited has received an official clarification from its promoter regarding the recent disposal of equity shares, following mandatory disclosure requirements under SEBI regulations. Managing Director Anish Anil Mehta provided formal communication to BSE on January 5, clarifying the strategic purpose behind his share disposal transaction.

Share Disposal Transaction Details

Anish Anil Mehta, who serves as both Managing Director and promoter of the company, disposed of 1,12,000 equity shares through open market transactions on BSE's SME platform on January 2. The disposal was executed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Official Clarification Letter

In a formal communication dated January 5, Mehta informed BSE that the funds mobilized through the share disposal will be reinvested directly into the company. The promoter specifically stated that funds obtained by him or any other member of the promoter group through disposal of shares shall be introduced in the company to meet urgent business needs of Shine Fashions (India) Limited.

Impact on Shareholding Pattern

The transaction resulted in a reduction of Mehta's stake across both total share capital and diluted share capital calculations. Despite the disposal, the promoter maintains a substantial shareholding position in the company.

Regulatory Compliance and Company Information

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company continues to maintain its listing on BSE's SME platform with full regulatory compliance.

The promoter confirmed that no shares were encumbered through pledge, lien, or non-disposal undertaking, and no voting rights were held otherwise than by shares. This formal clarification demonstrates transparency in corporate governance and reinforces the promoter's commitment to the company's operational requirements and growth initiatives.

Shine Fashions , a leading manufacturer and supplier of premium interlining products for the apparel and textile sectors, has reported impressive financial results for the first half of fiscal year 2026. The company's performance showcases robust growth across key financial metrics.

Financial Highlights

Shine Fashions has demonstrated strong financial performance in the first half of FY26, with significant year-over-year growth across all key financial indicators. The company's consolidated revenue increased by 27.97% to ₹43.83 crore, up from ₹34.25 crore in the same period last year. This growth in revenue was accompanied by an even more impressive surge in profitability.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial increase of 59%, reaching ₹7.02 crore compared to ₹4.42 crore in H1 FY25. This growth in EBITDA outpacing revenue growth suggests improved operational efficiency and cost management.

Most notably, Shine Fashions reported a 53% jump in Profit After Tax (PAT), which stood at ₹5.03 crore for H1 FY26, up from ₹3.29 crore in the corresponding period of the previous fiscal year. This significant increase in profitability underscores the company's ability to translate revenue growth into bottom-line results effectively.

Company Overview

Shine Fashions has established itself as a trusted name in the interlining products industry. The company's product portfolio includes a wide range of interlining fabrics such as non-woven, woven fusible, microdot fusible, water-jet, circular, and specialized waistband interlinings. These products cater to various garment applications, including shirts, trousers, suits, and ethnic wear for both men and women.

Since its inception, Shine Fashions has been advancing its capabilities, transitioning from trading to advanced in-house manufacturing. The company's commitment to quality and sustainability is evident through its ISO 9001, ISO 14001, and ISO 15001 certifications.

Future Outlook

With a pan-India presence and an expanding global footprint, Shine Fashions continues to focus on scale, diversification, and innovation. The company's strategic priorities include:

1. Capacity expansion
2. Technological automation
3. Deeper global market penetration

These initiatives are expected to support the company's growth trajectory and market position in the coming years.

The strong financial performance in H1 FY26 positions Shine Fashions favorably in the competitive textile solutions market. As the company continues to execute its growth strategies, investors and industry observers will be watching closely to see if this momentum can be sustained in the second half of the fiscal year and beyond.