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Shining Tools Limited announced the incorporation of a subsidiary, Shinvi Tools Limited, on September 10, 2026, with Shining Tools Limited holding 5,500 equity shares, representing 55% ownership and majority control. The incorporation, which involved a total acquisition cost of Rs 55,000, expands Shining Tools Limited’s capabilities in hand tools and general hardware and supports its strategic growth plans, while also extending its presence beyond Gujarat. The transaction qualifies as a related party transaction, with other related parties subscribing to the remaining 4,500 shares, or 45%, of Shinvi Tools Limited.
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