Fine Organic Industries Limited Announces Inter-se Transfer of Shares Among Promoters
Fine Organic Industries Limited announced on March 20, 2026, an inter-se transfer of shares among existing promoter members. The transactions are pursuant to an off-market transaction and in compliance with the Securities Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Mukesh Maganlal Shah, Jayen Ramesh Shah, and Tushar Ramesh Shah are acquiring shares from Anjali Kunal Patil. The transactions involve up to 1,02,200 shares each, representing 0.33% of the company’s outstanding shares. The proposed acquisition date is on or after March 30, 2026. The price for the shares is capped at Rs. 4,300 per share.
The aggregate holding of the Promoter and Promoter Group will remain unchanged following the transfer.
Shareholding Details
The table below summarizes the shareholding details before and after the proposed transaction:
| Sr. No. | Shareholder | Before the Transaction | Proposed After Transaction |
|---|---|---|---|
| 1 | Mukesh Maganlal Shah | 19,18,314 | 20,20,514 |
| 2 | Jayen Ramesh Shah | 48,14,166 | 49,16,366 |
| 3 | Tushar Ramesh Shah | 49,86,509 | 50,88,709 |
The transfer is being conducted as an exemption under Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011. According to the company, the volume-weighted average market price for the 60 trading days preceding the notice was Rs. 4,318.19 on the National Stock Exchange and Rs. 4,314.89 on the Bombay Stock Exchange. The acquirers have declared that the acquisition price will not exceed 25% above these figures.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: