Shine Fashions Clarifies Share Transaction Disclosure
Shine Fashions (India) Ltd. clarified on March 27, 2026, regarding a recent disclosure concerning share transactions by Mr. Anish Anil Mehta, a Promoter and Director of the company. The clarification addresses a disclosure initially filed on March 26, 2026, under SEBI (Prohibition of Insider Trading) Regulations.The company explained that the disclosure was submitted in response to a request from the BSE to rectify a discrepancy in a prior filing made on January 3, 2026. During the rectification process, an inadvertently revised XBRL file was uploaded without the ‘revised’ option being selected. The company has since corrected this error by uploading the revised XBRL file appropriately.
Shine Fashions emphasized that no share disposal transaction occurred on March 26, 2026. The disclosure pertains solely to the revision of the earlier January 3, 2026, filing, which relates to a transaction that took place on January 2, 2026.
Shareholders and stakeholders are advised not to be misled by the initial filing, which was a result of an inadvertent error and has been rectified.
(ANISH ANIL MEHTA), Managing Director, provided the clarification.
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