Fine Organic Industries Limited has completed an inter-se transfer of equity shares among its promoters, as disclosed in a regulatory filing dated March 31, 2026. The transaction involved the transfer of 3,06,600 equity shares among the company's promoter group, executed in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share transfer was completed on March 30, 2026, as an off-market transaction under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The transaction involved three acquiring promoters purchasing equal quantities of shares from a fellow promoter.

Acquiring Promoters and Share Distribution

Three promoters acquired equal stakes in the transaction, with each receiving 1,02,200 shares from the transferor:

Shareholding Pattern Changes

The transaction resulted in marginal changes to individual promoter holdings while maintaining the overall promoter group stake at 75.00% of total share capital.

Pre and Post Transaction Holdings

Regulatory Compliance

The company confirmed that the required disclosure under Regulation 10(5) was made to stock exchanges on March 20, 2026, within the timeline specified under SEBI SAST Regulations. The transaction qualified for exemption from making an open offer under Regulation 10(1)(a)(ii), as it involved inter-se transfer among qualifying persons who have been named as promoters in the shareholding pattern for not less than three years prior to the acquisition.

Other Promoter Holdings

The remaining promoter group members, including Bimal Mukesh Shah (10.44%), Jayshree Mukesh Shah (1.85%), and other family members and HUFs, maintained their existing shareholdings unchanged. The collective promoter group continues to hold 2,29,94,501 shares, representing 75.00% of the company's total share capital.

Fine Organic Industries Limited is listed on both BSE Limited and National Stock Exchange of India Limited, with the company maintaining its compliance with all regulatory disclosure requirements under the transaction.

Fine Organic Industries Limited has announced a planned inter-se transfer of shares among its promoter group members, scheduled to take place on or after March 30, 2026. The transaction involves three existing promoters acquiring shares from another promoter group member in an off-market deal valued at up to ₹13.19 crore.

Transaction Details

The share transfer will see three promoters - Mukesh Maganlal Shah, Jayen Ramesh Shah, and Tushar Ramesh Shah - each acquiring 1,02,200 equity shares from Anjali Kunal Patil. The acquisition price has been set at up to ₹4,300 per share, with the total transaction involving 3,06,600 shares representing 1% of the company's share capital.

Individual Shareholding Changes

The transaction will result in specific changes to individual promoter holdings while maintaining the overall promoter group stake. Each of the three acquiring promoters will see their individual shareholding increase by 0.33%.

Regulatory Compliance

The transaction is being conducted under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which permits inter-se transfers among qualifying promoters. The company has filed the necessary disclosures with both BSE Limited and National Stock Exchange of India Limited on March 20, 2026.

The volume weighted average market price for 60 trading days preceding the disclosure was ₹4,318.19 on NSE and ₹4,314.89 on BSE. The acquirers have declared that the acquisition price will not exceed 25% of these computed prices, ensuring compliance with regulatory requirements.

Promoter Group Structure

Post-transaction, the total promoter and promoter group holding will remain unchanged at 75% of the company's share capital. Anjali Kunal Patil's shareholding will reduce from 22,95,006 shares (7.49%) to 19,88,406 shares (6.49%), while other promoter group members' holdings will remain static.

The transaction represents a strategic rebalancing within the promoter group without affecting the overall control structure of Fine Organic Industries Limited. All parties have provided digital signatures on the disclosure documents, confirming their commitment to the proposed transfer.