Fine Organic Industries promoter Jayen Ramesh Shah acquired 3,06,978 equity shares from his Hindu Undivided Family (HUF) entity on September 7, 2026. The acquisition followed the partition of the HUF and was executed as an off-market transaction.

The deal falls under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which exempts inter-se transfers among qualifying persons who have been named as promoters for at least three years. No consideration was paid for the shares, as the transfer occurred within the promoter group.

Shareholding Changes

Prior to the transaction, Jayen Ramesh Shah held 49,16,366 shares, representing 16.04% of the company’s total share capital. Following the acquisition, his holding increased to 52,23,344 shares, or 17.04%.

The transferor, Jayen R Shah HUF (with Jayen Ramesh Shah as Karta), held 3,06,978 shares (1.00%) before the partition and holds zero shares post-transaction. The total promoter group stake remained unchanged at 75.00% of the diluted share capital.

Regulatory Compliance

The acquirer filed the required disclosure under Regulation 10(5) with the stock exchanges on August 27, 2026, adhering to the specified timeline. The final report under Regulation 10(6) was submitted to BSE Limited and National Stock Exchange of India Limited on September 8, 2026.

Other promoters and persons acting in concert (PACs), including Mukesh Maganlal Shah, Tushar Ramesh Shah, and Bimal Mukesh Shah, retained their existing stakes without any change during this transaction.

Fine Organic Industries promoter Jayen Ramesh Shah has disclosed an inter-se transfer of 3,06,978 equity shares, representing 1.00% of the company’s paid-up capital. The off-market transaction involves the acquisition of shares from Jayen R Shah HUF, where Shah serves as the karta.

The transfer is executed pursuant to the partition of the Hindu Undivided Family (HUF). Under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the transaction is exempt from making an open offer as it qualifies under Regulation 10(1)(a)(ii). This exemption applies to inter-se transfers among qualifying persons who have been part of the promoter group for at least three years.

Transaction Details

The proposed acquisition is scheduled to take place on or after September 3, 2026, which is four working days after the date of this disclosure. The consideration for the transfer is nil, reflecting its nature as an internal restructuring within the promoter group rather than a market-based purchase.

Promoter Group Holding

The aggregate holding of the promoter and promoter group remains unchanged at 75.00% following the transaction. While the individual holding of Jayen Ramesh Shah increases from 16.04% to 17.04%, the HUF’s holding drops from 1.00% to zero. The holdings of other promoter group members, including Mukesh Maganlal Shah (6.59%) and Tushar Ramesh Shah (16.60%), remain unaffected.

What the Numbers Show

The transaction consolidates individual promoter ownership without altering the group’s control structure. The volume-weighted average price (VWAP) for the stock over the preceding 60 trading days was ₹5,018.31 on NSE and ₹5,014.94 on BSE, providing a market reference point for the nil-consideration transfer.