Shine Fashions (India) Limited, a leading player in the textile and interlining industry, has announced the outcome of its Board Meeting held on March 28, 2025. The Board reviewed key developments and approved significant resolutions aimed at strengthening its governance and operational efficiency.

Key Decisions Taken During the Meeting

1. Review of Progress in Manufacturing of Interlining Textiles

The Board undertook a comprehensive review of the progress in setting up a project for manufacturing interlining (technical textiles). This project, which is aimed at enhancing the company’s product portfolio and meeting growing demand, has been progressing as per schedule. The Board expressed satisfaction with the current pace and directed the management to maintain the momentum for timely completion.

2. Appointment of Secretarial Auditors for FY 2024-25

The Board has re-appointed M/s JPS & Associates, Practicing Company Secretaries, Jaipur, as the Secretarial Auditors for the financial year 2024-25. The appointment is in line with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• Firm Name: M/s JPS & Associates

• Peer Review Certificate No.: 2779/2022

• Address: Shree Dham, 3rd Floor, R-20, Yudhister Marg, C-Scheme, Jaipur – 302005

• Contact Number: 0141-4021472, 4021474

• Date of Appointment: March 28, 2025

• Tenure: One year for conducting Secretarial Audit for FY 2024-25

Brief Profile:
M/s JPS & Associates is a reputed firm with over 21 years of experience in company law, secretarial compliances, corporate consultancy, audits, certifications, and representation before judicial and quasi-judicial forums. Their extensive expertise extends to public and private sector banks, stock exchange-listed companies, capital market intermediaries, and various corporate entities.

3. Appointment of Internal Auditors for FY 2024-25

The Board also re-appointed M/s H.M. Sheth and Associates, Chartered Accountants, Mumbai, as the Internal Auditors for the financial year 2024-25.

• Firm Name: M/s H.M. Sheth and Associates

• Firm Registration Number: 146140W

• Address: 24, Kamal Kunj, Zaver Road, Mulund West, Mumbai - 400080

• Date of Appointment: March 28, 2025

• Tenure: One year for conducting Internal Audit for FY 2024-25

Brief Profile:
M/s H.M. Sheth and Associates is a registered Chartered Accountant firm with over 7 years of experience in internal audit and tax compliance services. The firm caters to clients from diverse industries, including real estate, chemicals, BFSI (Banking, Financial Services, and Insurance), and textiles. Their proficiency in internal auditing and financial management ensures a high standard of compliance and operational oversight.

Annexure Details

The details of these appointments have been included in Annexure 1 and Annexure 2, in compliance with the disclosure requirements under Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, along with SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Timings of the Board Meeting

• Commencement: 2:30 PM

• Conclusion: 2:50 PM

Implications of the Appointments

The re-appointment of these professional firms reflects the company’s commitment to maintaining transparency, regulatory compliance, and operational excellence. The expertise of JPS & Associates and H.M. Sheth and Associates is expected to contribute significantly to ensuring adherence to legal norms, improving internal processes, and enhancing governance.

Future Outlook

Shine Fashions (India) Limited remains focused on expanding its footprint in the interlining segment and consolidating its position in the technical textiles space. The Board has emphasized the need for timely execution of ongoing projects and maintaining strong internal controls to achieve sustainable growth.

Conclusion

The outcomes of the Board Meeting held on March 28, 2025, underline Shine Fashions India’s dedication to maintaining high governance standards and operational efficiency. The re-appointment of experienced auditors and the review of the interlining project signify a strategic approach toward ensuring sustained growth and compliance.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited,Identixweb Limited.

The Closed IPOs are  ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.