Shining Tools Ltd

AGM details

• AGM held on 30 September 2026 at 12:00 IST via VC/OAVM; no closure dates disclosed.

Key resolutions

• To receive, consider and adopt audited financial statements for year ended 31 March 2026.
• To reappoint Mrs. Kiranben Vipulbhai Ghonia, retiring by rotation.
• To approve related party transactions for FY 2026-27.
• Voting results pending dissemination; no outcome disclosed in this filing.

Shining Tools Limited: Trading window closed from Oct 1, 2026 until 48 hours after the declaration of the unaudited financial results for the half year ended September 30, 2026

Clarification on price movement

• Complied with Regulation 30; promptly intimating all price-sensitive events to the Exchange.
• There is no undisclosed information currently pending that could affect the scrip price.
• Price movement is market-driven and not connected with management.
• Will continue to inform the Exchange under SEBI LODR as required.

Target overview

• Target: Shinvi Tools Limited, India-based manufacturer of hand tools, cutlery and hardware.
• Paid-up capital ₹1,00,000.
• Turnover not disclosed due to new incorporation.

Related party/ownership

• Related party transaction; Shining Tools holds 55% of Shinvi Tools.
• Promoter group holds 45% via Vipulbhai Ghonia and relatives.
• Shining Tools subscribed to 5,500 shares (55%) and promoter group to 4,500 shares.

Industry & purpose

• Industry: manufacturing of hand tools, cutlery, hardware, and related machinery.
• Purpose: expand hand tools and general hardware capabilities.
• Strategy: broaden geographic presence beyond Gujarat.

Regulatory & timeline

• Incorporation date: 10 September 2026.
• Regulatory approvals: none required beyond incorporation.

Financial terms & background

• Acquisition cost ₹55,000.
• Shareholding acquired: 55% (5,500 shares).
• Form of consideration: cash subscription to share capital.
• Background: India-based Shinvi Tools incorporated 10 Sep 2026; hand tools and hardware manufacturer.

AGM details

• Date: 30 September 2026, 12:00 Noon IST
• Mode: VC/OAVM

Ordinary business

• Adopt Audited Financial Statements for year ended 31 March 2026
• Reappoint Mrs Kiranben Vipulbhai Ghonia as Director (retiring by rotation)

Special business

• Approve related party transactions for FY2026-27 up to ₹10 crore at arm's length
• Board authorized to finalize contracts and necessary steps

Dividend

• Dividend for 2025-26 not recommended

Voting results

• Voting outcomes not disclosed in the filing

Director changes

• Dhruvi Kapadia appointed Additional Independent Director on 3-Apr-2025
• Chand Rameshbhai Kanabar resigned on 1-May-2025
• Dhruvi Kapadia regularized as Independent Director on 23-May-2025
• Abhishek Dobaria Arvindbhai regularized as Director on 23-May-2025
• Richa Arora appointed Independent Director on 23-May-2025
• Richa Arora resigned on 8-Jun-2025
• Palak Pankaj Shah appointed Independent Director on 16-Jun-2025
• Sagpariya appointed Additional Independent Director on 11-Dec-2025
• Pansuria appointed Additional Independent Director on 11-Dec-2025
• Palak Pankaj Shah resigned on 11-Feb-2026
• Kapadia resigned as Independent Director on 4-Feb-2026
• Grishma Shewale resigned as Independent Director on 4-Feb-2026
• Akshar Jagdish Patel appointed Additional Independent Director on 12-Feb-2026
• Regularization of Sagpariya, Pansuria, Patel as Independent Directors on 10-Mar-2026
• Abhishek Arvindbhai Dobaria resigned as Executive Director and CFO on 04-Aug-2026

Auditors

• Statutory Auditor: M/s VSSB & Associates appointed for five years (2026-2029)
• Secretarial Auditor: Sachin Thakkar & Associates appointed for FY2025-26
• Auditors' remuneration: ₹1.80 lakh

Material related party transactions

• RPT cap: up to ₹10 crore for FY2026-27
• Related party balance: Shree Industries purchase of goods/services ₹84.87 lakh

IPO and capital actions

• IPO details: Fresh issue of 15,00,000 shares at ₹114; listed on BSE SME on 14-Nov-2025
• Paid-up capital increased to ₹5.66 crore

IPO proceeds utilisation

• IPO proceeds used for plant, working capital, corporate purposes; ₹17.83 lakh remains unutilised

Subsidiary activity

• Post-year: Board approved incorporation of Shinvi Tools Limited; process ongoing

AGM Details

• AGM on 30 September 2026, 12:00 Noon IST; through VC/OAVM.

Key Resolutions

• Receive and adopt Audited Financial Statements for 2025-26.
• Reappoint Mrs. Kiranben Vipulbhai Ghonia as Director by rotation.
• Approve Related Party Transactions for FY 2026-27 up to Rs 10 crore.

Voting Results

• Voting results not disclosed in this filing.

Dividend

• Dividend not recommended for 2025-26.

Auditors

• Statutory Auditors: M/s VSSB & Associates; 5-year term to 2029.
• Secretarial Auditor: Sachin Thakkar & Associates; appointed for 2025-26.

Board Changes

• Independent directors added: Sagpariya and Pansuria in Dec 2025.
• Akshar Jagdish Patel appointed Independent Director (Feb 2026).
• Dhruvi Kapadia appointed Independent Director; resigned Feb 2026.
• Abhishek Dobaria resigned as Director and CFO (Aug 2026).
• Kiranben Ghonia retires by rotation; re-appointment proposed.

Material Related Party Transactions

• Related Party: Shree Industries; goods/services; Rs 84.87 lakh; FY 2026-27.

IPO Proceeds & Use

• IPO raised Rs 17.10 crore; listing on BSE SME on 14 Nov 2025.
• IPO proceeds utilized for plant machinery and working capital; unutilised Rs 17.83 lakh.

Other Post-Year Approvals

• Post-year-end, board approved Shinvi Tools Limited; incorporation in progress.

Board approvals

• Board approved Directors' Report and annexures for FY ended 31 March 2026.
• Related party transactions approved by the Board.

AGM planning

• Scrutinizer appointed for 13th AGM: Mr. Sachin Thakkar, PCS.
• AGM eligibility cut-off date set: 23 September 2026.
• Notice for 13th AGM via VC/OAVM on 30 September 2026 at 12:00 Noon.

Key Decisions

• Approved Directors' Report and annexures for the financial year ended 31 March 2026.
• Appointed Mr. Sachin Thakkar, Practising Company Secretary, as Scrutinizer for the 13th AGM.
• Approved related party transactions.
• Cut-off date for AGM eligibility fixed as 23 September 2026.
• Notice for 13th AGM via VC/OAVM on 30 September 2026 at 12:00 Noon.