Fine Organic to Acquire 80% Stake in Oleofine Organics for ₹80.28 Crore

Fine Organic Industries Limited has executed Share Transfer Agreements (STAs) to acquire an 80% equity stake in Oleofine Organics SDN. BHD. (OFM), a Malaysian company engaged in the specialty chemicals business. The acquisition is in line with the Company's growth strategy and OFM's business falls within Fine Organic's main line of operations.

The aggregate cost of acquisition will be up to RM 3,42,08,000 (approximately ₹80.28 crores) plus applicable transaction costs, to be paid in cash. OFM's turnover for the financial year ended January 31, 2026, was RM 23,287,742 (equivalent to ₹54.17 crores).

This transaction is considered a related party transaction as 50% of the stake will be acquired from Smoothex Chemicals Private Limited, a promoter group entity. Key management personnel of Fine Organic Industries Limited are also directors and members of Smoothex. The transaction will be conducted on an arm's length basis, and no governmental or regulatory approvals are required.

Oleofine Organics SDN. BHD. was incorporated on August 19, 1988. Its turnover for the financial year ended January 31, 2025, was RM 2,29,25,390 (₹45.19 crores), and for the financial year ended January 31, 2024, it was RM 2,76,15,137 (₹48.55 crores). As of January 31, 2026, its net worth was RM 3,42,45,075 (₹79.65 crores). The completion of the transaction is subject to the fulfillment of conditions precedent outlined in the STAs.