Fine Organic Industries Limited has announced a delay in the completion of its acquisition of Oleofine Organics SDN. BHD. The previously expected completion within three months from the May 19, 2026, intimation is now proposed to be extended by another three months due to procedural requirements. All other terms and conditions of the acquisition remain unchanged.
Acquisition Timeline Extended
Fine Organic Industries Limited has provided an update regarding the acquisition of 80% of the paid-up capital of Oleofine Organics SDN. BHD. Initially anticipated to conclude within three months following the intimation dated May 19, 2026, the completion of this acquisition is now projected to occur within the subsequent three months.
Reason for Delay
This extension in the completion timeline is attributed to certain procedural requirements that need to be addressed. The company assures stakeholders that all other terms and conditions stipulated in the original acquisition agreement will remain unaltered. The disclosure clarifies that all required information, apart from the indicative timeline for completion, has already been duly submitted as per SEBI Listing Regulations.
Source: BSE
