Shine Fashions filed a regulatory statement confirming no deviation in the use of ₹4.02 crore raised from warrant conversions.
The company converted 259,000 warrants into equity shares in three tranches between October 2025 and March 2026.
All proceeds were utilized for working capital requirements as originally stated in the offer documents.
The filing is a mandatory disclosure under SEBI Listing Regulations for the half-year ended 31st March 2026.