Fine Organic Industries Limited has completed an inter-se transfer of shares among its promoter group, with three promoters acquiring equity stakes from a fellow promoter in a transaction that maintains the overall promoter shareholding structure.

Transaction Details

The share transfer was executed on March 30, 2026, involving the acquisition of shares by three promoters from Anjali Kunal Patil at a price of Rs. 4,256 per share. The acquiring promoters were:

Shareholding Changes

The inter-se transfer resulted in specific changes to individual promoter holdings while maintaining the total promoter group stake:

The total promoter group shareholding remained constant at 2,29,94,501 shares, representing 75.00% of the company's total share capital.

Regulatory Compliance

The transaction was conducted under the exemption provided in Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which covers inter-se transfers among existing promoters. The company fulfilled all regulatory requirements:

Market Price Compliance

The acquisition price of Rs. 4,256 per share was confirmed to be within the regulatory threshold of not exceeding 25% above the volume-weighted average market price (VWAP) for the 60 trading days preceding the transaction notice. The VWAP was Rs. 4,318.19 on NSE and Rs. 4,314.89 on BSE.

Historical Promoter Holdings

The disclosure revealed the three-year shareholding pattern of the involved promoters, showing their consistent presence in the company's ownership structure from 2023 to 2025, with the current transaction representing a redistribution of shares within the existing promoter group framework.

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.