Shining Tools Limited has incorporated Shinvi Tools Limited as a subsidiary on September 10, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The incorporation follows board approval granted on August 10, 2026.

Subsidiary Details

  • Name: SHINVI TOOLS LIMITED
  • Date of Incorporation: September 10, 2026
  • Paid-up Capital: ₹1,00,000
  • Business Activity: Manufacture of other machinery for mining, quarrying and construction; Manufacture of cutlery, hand tools and general hardware; Manufacture of hand tools such as pliers, screwdrivers, press tools, blacksmiths' tools, drills, punches, milling cutters, etc.
  • Country of Operation: India
  • Historical Turnover: Not applicable (newly incorporated entity)

Shareholding Structure

Shinvi Tools Limited was incorporated with 10,000 equity shares at a face value of ₹10 per share:

  • Shining Tools Limited: 5,500 shares (55%) at a total cost of ₹55,000
  • Related Parties: 4,500 shares (45%) distributed among:
  • Vipulbhai Laljibhai Ghonia: 1,000 shares (10%) - Promoter and Director
  • Kamalbhai Laljibhai Ghonia: 2,200 shares (22%) - Promoter and Director
  • Kiranben Vipulbhai Ghonia: 1,000 shares (10%) - Promoter and Director
  • Raj Vipulbhai Ghonia: 100 shares (1%) - Son of Mr. Vipulbhai Laljibhai Ghonia
  • Kairavi Ankit Patoliya: 100 shares (1%) - Daughter of Mr. Vipulbhai Laljibhai Ghonia
  • Ankit Pravinbhai Patoliya: 100 shares (1%) - Son-in-law of Mr. Vipulbhai Laljibhai Ghonia

Transaction Details

  • Transaction Type: Related party transaction
  • Basis: Arm's length (all subscribers paid the same face value of ₹10 per share)
  • Consideration: Cash subscription to share capital
  • Control: Shining Tools Limited holds majority control with 55% ownership
  • Completion: Already completed on September 10, 2026
  • Additional Approvals: No governmental or regulatory approvals required beyond the incorporation

Strategic Rationale

The incorporation supports the company's strategic growth and diversification plans by:

  • Gaining majority control over Shinvi Tools Limited's operations and future business direction
  • Extending the company's presence beyond Gujarat, reducing geographical concentration
  • Remaining within the main line of business of the listed entity (tools and machinery segment)