Shining Tools Limited’s Board of Directors has approved the incorporation of a new wholly-owned subsidiary named SHINVI TOOLS LIMITED. This new entity will focus on the manufacturing of machinery for mining, quarrying, and construction, alongside cutlery, hand tools, and general hardware. The move is aimed at expanding the company’s manufacturing base and product portfolio.
Board Approves New Subsidiary
In a meeting held on 10th August 2026, the Board of Directors of Shining Tools Limited has given its approval for the incorporation of a new subsidiary company. The new entity will be named SHINVI TOOLS LIMITED.
Expanded Business Focus
The incorporation of SHINVI TOOLS LIMITED is intended to facilitate the expansion of the company’s business operations. The subsidiary will be involved in the manufacture of various products, including:
- Other machinery for mining, quarrying, and construction.
- Cutlery, hand tools, and general hardware.
- Hand tools such as pliers, screwdrivers, press tools, blacksmiths’ tools, drills, punches, and milling cutters.
Further detailed disclosures as per SEBI circulars will be made post-incorporation of the subsidiary.
Source: BSE
