Fine Organic Industries promoters confirm no encumbrance on FY26 shares
Fine Organic Industries Limited received a declaration from its promoters confirming that no encumbrance was created on company shares during the financial year ended March 31, 2026. The confirmation, submitted by promoter Mukesh Shah, was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration covers 71 entities, including individual promoters and members of the promoter group.

*this image is generated using AI for illustrative purposes only.
Fine Organic Industries Limited disclosed that its promoters have confirmed the absence of any encumbrance on shares held by them during the financial year ended March 31, 2026. The declaration was submitted by Mukesh Shah on behalf of himself, other promoters, and members of the promoter group, including persons acting in concert (PAC). This confirmation is significant for shareholders as it indicates that the pledged shareholding of the promoters remains unchanged, ensuring stability in the ownership structure.
The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires promoters to inform the stock exchanges and the company if any encumbrance has been created on their holdings. The confirmation letter was addressed to the Audit Committee of fine organic industries , the National Stock Exchange of India Limited, and BSE Limited.
List of Promoters and Promoter Group
The declaration covers a total of 71 entities, categorised as promoters and members of the promoter group. The list includes individuals and various corporate entities associated with the promoters.
| Sr. No. | Name | Category |
|---|---|---|
| 1 | Mukesh Maganlal Shah | Promoter |
| 2 | Jayen Ramesh Shah | Promoter |
| 3 | Tushar Ramesh Shah | Promoter |
| 4 | Bimal Mukesh Shah | Promoter |
| 5 | Archana Sankholkar | Promoter |
| 6 | Anjali Patil | Promoter |
| 7 | R M Shah - HUF (Karta - Jayen Ramesh Shah) | Promoter Group |
| 8 | Tushar R Shah HUF (Karta - Tushar Ramesh Shah) | Promoter Group |
| 9 | Jayen R Shah HUF (Karta - Jayen Ramesh Shah) | Promoter Group |
| 10 | Bina Tushar Shah | Promoter Group |
| 11 | Neeta Jayen Shah | Promoter Group |
| 12 | Jayshree Mukesh Shah | Promoter Group |
| 13 | Manali Vishal Doshi | Promoter Group |
| 14 | Esha Tushar Shah | Promoter Group |
| 15 | Rhea Tushar Shah | Promoter Group |
| 16 | Nitin Patel | Promoter Group |
| 17 | Rasilaben Shah | Promoter Group |
| 18 | Vanlila Vora | Promoter Group |
| 19 | Rajesh Shah | Promoter Group |
| 20 | Dilip Patel | Promoter Group |
| 21 | Maltiben Pradipkumar Shah | Promoter Group |
| 22 | Dolarai Kamani | Promoter Group |
| 23 | Bhavin Kamani | Promoter Group |
| 24 | Madhavi Mehta | Promoter Group |
| 25 | Manharlal Gandhi | Promoter Group |
| 26 | Bharti Gandhi | Promoter Group |
| 27 | Jayesh Gandhi | Promoter Group |
| 28 | Anyia Shah | Promoter Group |
| 29 | Akruti Shah | Promoter Group |
| 30 | Bina Mehta | Promoter Group |
| 31 | Hemen Mehta | Promoter Group |
| 32 | Priyal Ramani | Promoter Group |
| 33 | Sunanda Kamat | Promoter Group |
| 34 | Yatin Sankholkar | Promoter Group |
| 35 | Kunal Patil | Promoter Group |
| 36 | Aditya Patil | Promoter Group |
| 37 | Alisha Patil | Promoter Group |
| 38 | Arvind Patil | Promoter Group |
| 39 | Sandhya Patil | Promoter Group |
| 40 | Radha Prasad | Promoter Group |
| 41 | Shaili Nirav Doshi | Promoter Group |
| 42 | Priti Shah | Promoter Group |
| 43 | Lata Mehta | Promoter Group |
| 44 | Arjun Sankholkar | Promoter Group |
| 45 | Sidharth Sankholkar | Promoter Group |
| 46 | Vishwesh Sankholkar | Promoter Group |
| 47 | Smoothex Chemicals Pvt Ltd | Promoter Group |
| 48 | Himanshu Trading Company Private Limited | Promoter Group |
| 49 | Gemba Tech | Promoter Group |
| 50 | NIV Holding Partnership | Promoter Group |
| 51 | Gandhi Special Tubes Limited | Promoter Group |
| 52 | Gandhi Finance Co. LLP | Promoter Group |
| 53 | Jaishri Engineering LLP | Promoter Group |
| 54 | Dipee Stocks | Promoter Group |
| 55 | Fine Organic Industries | Promoter Group |
| 56 | Fine Organic | Promoter Group |
| 57 | Olefine Organics | Promoter Group |
| 58 | Randeep Automobiles | Promoter Group |
| 59 | Shri R. M. Shah Foundation | Promoter Group |
| 60 | B.M. Gandhi Investment Co. LLP | Promoter Group |
| 61 | Tushar & Co | Promoter Group |
| 62 | Meraki Life - Proprietorship | Promoter Group |
| 63 | Arya Holdings - Partnership Firm | Promoter Group |
| 64 | BH9 Trends Pvt. Ltd | Promoter Group |
| 65 | M/s Nitin Manilal Patel | Promoter Group |
| 66 | Eatwell Edibles LLP | Promoter Group |
| 67 | Eloquent Info Solutions Private Limited | Promoter Group |
| 68 | Shah Family Revocable Trust | Promoter Group |
| 69 | Shah Family Irrevocable Trust | Promoter Group |
| 70 | P2 Diamonds | Promoter Group |
| 71 | Oleofine Organics Sdn. Bhd | Promoter Group |
The filing was signed by Mukesh Shah on April 06, 2026, and requested the exchanges to take the declaration on record.
Historical Stock Returns for Fine Organic Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.03% | +4.60% | +11.86% | +19.49% | +9.16% | +77.98% |
How will the confirmation of unencumbered promoter shares influence Fine Organic Industries' ability to raise capital for future expansion?
What impact will this ownership stability have on institutional investor confidence and stock volatility in the upcoming quarters?
Are there any strategic acquisitions or capacity expansion plans expected now that the promoter holding risk is mitigated?

































