Promoter Jayen Ramesh Shah acquired 3,06,978 equity shares of Fine Organic Industries through an inter-se transfer. The transaction, executed on September 7, 2026, involved the transfer of shares from Jayen R Shah HUF pursuant to a partition of the Hindu Undivided Family (HUF).

The acquisition was exempt from making an open offer under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As there was no consideration involved for this off-market transaction, the acquisition price per share was nil.

Shareholding Impact

Following the transfer, the promoter's individual shareholding increased while the aggregate holding of the promoter and promoter group remained unchanged at 75% of the total paid-up share capital.

The necessary disclosures were filed with the stock exchanges and SEBI in compliance with the relevant regulations.

Fine Organic Industries invested ₹55 crore in its wholly owned subsidiary, Fine Organic Industries (SEZ) Private Limited, on September 16, 2026. The capital infusion aims to support the setting up of a new manufacturing unit.

The listed entity subscribed to 5,50,00,000 non-convertible, non-cumulative, non-participating, redeemable preference shares (NCCPRPS). Each share carries a face value of ₹10 and offers a 1% dividend rate. The transaction was executed via cash consideration.

Investment Structure

The investment does not alter the existing ownership structure. The subsidiary remains wholly owned by the parent company. The promoter group holds no interest in this specific transaction.

Subsidiary Profile

Fine Organic Industries (SEZ) Private Limited operates in the specialty chemicals sector. Incorporated on October 10, 2023, in India, the subsidiary has not yet commenced operations. Consequently, it has no history of turnover.

As on March 31, 2026, the subsidiary reported a net worth of ₹90.29 crore. No governmental or regulatory approvals were required for this investment.