Fine Organic Industries Promoters Plan Inter-Se Share Transfer Worth ₹13.19 Crore on March 30, 2026
Fine Organic Industries Limited has disclosed an inter-se share transfer among promoters scheduled for March 30, 2026. Three promoters will acquire 1,02,200 shares each from Anjali Kunal Patil at up to ₹4,300 per share, totaling 3,06,600 shares worth up to ₹13.19 crore. The transaction maintains the overall promoter group holding at 75% while rebalancing individual stakes within the group.

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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.
| Parameter | Details |
|---|---|
| Total Shares to be Transferred | 3,06,600 equity shares |
| Share Capital Percentage | 1% |
| Price per Share | Up to ₹4,300 |
| Transaction Value | Up to ₹13.19 crore |
| Transaction Date | On or after March 30, 2026 |
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%.
| Acquirer | Current Shares | Current % | Post-Transaction Shares | Post-Transaction % |
|---|---|---|---|---|
| Mukesh Maganlal Shah | 19,18,314 | 6.26% | 20,20,514 | 6.59% |
| Jayen Ramesh Shah | 48,14,166 | 15.70% | 49,16,366 | 16.04% |
| Tushar Ramesh Shah | 49,86,509 | 16.26% | 50,88,709 | 16.60% |
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.
Historical Stock Returns for Fine Organic Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.18% | -1.88% | -13.20% | -9.25% | +2.52% | +90.11% |
What strategic business initiatives might Fine Organic Industries pursue that require this specific redistribution of voting power among key promoters?
Could this shareholding rebalancing signal preparation for a potential IPO expansion or major capital raising event in 2026-2027?
How might this concentrated ownership shift among the three acquiring promoters impact the company's board composition and decision-making processes?


































