Fine Organic Industries Limited has announced a significant investment of INR 55,00,00,000 (₹55 crore). This investment was made through the subscription of 5,50,00,000 Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCCPRPS). The shares, with a face value of INR 10 each, were issued by its Wholly Owned Subsidiary, Fine Organic Industries (SEZ) Private Limited, to support the setup of a new manufacturing unit.
Subsidiary Investment Announced
Fine Organic Industries Limited has disclosed a substantial investment of INR 55,00,00,000 (₹55 crore) into its wholly-owned subsidiary, Fine Organic Industries (SEZ) Private Limited. This strategic move, effective from September 16, 2026, aims to bolster the subsidiary’s operational capabilities.
Preference Share Subscription Details
The investment was executed via the subscription of 5,50,00,000 (Five Crores Fifty Lakhs) preference shares. These are classified as 1% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCCPRPS). Each share has a face value of INR 10/- (Indian Rupees Ten only). The aggregate value of this transaction amounts to the stated INR 55,00,00,000/- (Indian Rupees Fifty-Five Crores Only).
Strategic Objective
The primary objective behind this significant capital infusion is to support the wholly-owned subsidiary in establishing its new manufacturing unit. This expansion is expected to enhance the company’s production capacity and market presence in the specialty chemicals sector.
Subsidiary Background
Fine Organic Industries (SEZ) Private Limited, incorporated on October 10, 2023, is a wholly-owned subsidiary of Fine Organic Industries Limited. The subsidiary has not yet commenced its operations, and therefore, currently has no history of turnover. Its business sector is identified as Business of Specialty Chemicals.
Financial Details
As of March 31, 2026, the net worth of Fine Organic Industries (SEZ) Private Limited was reported at INR 90.29 crores. This investment is a cash consideration, and it will not result in any change in the shareholding percentage of the parent company in its subsidiary, which will continue to remain wholly owned.
Source: BSE
