Fine Organic Industries Senior VPs retire on July 10, 2026

1 min read     Updated on 10 Jul 2026, 07:08 PM
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Fine Organic Industries announced the retirement of Dr. Vijay Prabhu, Senior Vice President – Quality Assurance, and Dr. Mayukh Warawdekar, Senior Vice President – Research and Development, effective July 10, 2026. The cessation was due to retirement, making resignation letters unnecessary. The disclosure was made in compliance with SEBI regulations.

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fine organic industries announced the retirement of two senior executives, Dr. Vijay Prabhu and Dr. Mayukh Warawdekar, effective from the close of business hours on July 10, 2026. Dr. Prabhu served as the Senior Vice President – Quality Assurance, while Dr. Warawdekar held the position of Senior Vice President – Research and Development. Their departures mark a significant change in the company's senior management structure as both individuals cease to be Senior Management Personnel of the company from the stated date.

The company disclosed that the cessation of these roles was pursuant to retirement, and therefore, the requirement for resignation letters was not applicable. The intimation was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, updated on January 30, 2026.

Details of Cessation

The following table summarizes the details regarding the changes in senior management personnel:

Name Designation Reason for Change Date of Cessation
Dr. Vijay Prabhu Senior Vice President – Quality Assurance Retirement Close of business hours on July 10, 2026
Dr. Mayukh Warawdekar Senior Vice President – Research and Development Retirement Close of business hours on July 10, 2026

The filing was submitted by Pooja Lohor, Company Secretary and Compliance Officer of Fine Organic Industries Limited. The company has provided the necessary details to the stock exchanges for information and records.

Historical Stock Returns for Fine Organic Industries

1 Day5 Days1 Month6 Months1 Year5 Years
+0.75%-3.26%+6.80%+19.61%-0.66%+65.40%

Who will be appointed to fill the critical roles of Senior Vice Presidents for Quality Assurance and R&D?

How will the simultaneous departure of two senior executives impact the company's ongoing R&D projects and quality control standards?

What is the timeline for the transition, and will the outgoing executives assist in the handover process?

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Fine Organic Industries promoters confirm no encumbrance on FY26 shares

4 min read     Updated on 23 Jun 2026, 03:40 AM
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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.

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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 Day5 Days1 Month6 Months1 Year5 Years
+0.75%-3.26%+6.80%+19.61%-0.66%+65.40%

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?

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