Fine Organic Ind.: Promoter Inter-se Share Transfer of 3.06 Lakh Shares
Fine Organic Industries Limited announces an inter-se transfer of 3,06,600 shares (1%) among promoter group members, including Mukesh Maganlal Shah, Jayen Ramesh Shah, and Tushar Ramesh Shah, from Anjali Kunal Patil. The transaction, priced up to ₹4,300 per share, is scheduled for on or after March 30, 2026.
An inter-se transfer of shares among existing promoters does not alter the total promoter holding or introduce new significant shareholders, thus having a minimal impact on the company's operations or market perception.
The announcement pertains to an inter-se transfer of shares among promoters, which does not inherently change the overall promoter group's holding or the company's fundamental business. It is a regulatory disclosure.
Fine Organic Industries Limited has disclosed an inter-se transfer of shares among its promoter group members. This transaction involves Mukesh Maganlal Shah acquiring 1,02,200 shares (0.33%), Jayen Ramesh Shah acquiring 1,02,200 shares (0.33%), and Tushar Ramesh Shah acquiring 1,02,200 shares (0.33%). These shares are being transferred from Anjali Kunal Patil.
The total number of shares to be acquired from Anjali Kunal Patil is up to 3,06,600 equity shares, representing 1% of the company's share capital. The proposed transaction is an off-market transaction and is in compliance with Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The aggregate holding of the Promoter and Promoter Group will remain unchanged after this inter-se transfer.
The proposed acquisition is to take place on or after March 30, 2026. The acquisition price is proposed to be up to ₹4,300 per share. The volume-weighted average market price for the past 60 trading days on NSE was ₹4,318.19, and on BSE was ₹4,314.89. The acquisition price will not be more than 25% higher than these computed prices. The acquirers have declared that they and the seller will comply with the applicable disclosure requirements and that all conditions for exemption under Regulation 10(1)(a) have been met.
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Fine Organic Industries Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Fine Organic Industries Limited. Read the original for the full detail.