Fine Organic Industries Limited has disclosed an inter-se transfer of shares among existing promoter and promoter group members. This transaction, conducted as part of a partition of Jayen R Shah HUF, involves 3,06,978 equity shares and has been reported under SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosures were made to the stock exchanges on August 27, 2026 and September 8, 2026, with a final report submitted on September 21, 2026.
Inter-Se Share Transfer Among Promoters
Fine Organic Industries Limited has formally announced an inter-se transfer of shares among its existing promoter and promoter group members. This transaction, which took place on September 7, 2026, involved 3,06,978 equity shares of the company.
Regulatory Filings and Rationale
The transfer was executed as an off-market transaction pursuant to the partition of the Jayen R Shah HUF. This transaction is in compliance with Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which provides an exemption from making an open offer for such transfers among qualifying persons who are named promoters. The company has submitted the necessary disclosures to the stock exchanges, including intimations under Regulation 10(5) on August 27, 2026, and Regulation 10(6) on September 8, 2026. A comprehensive report under Regulation 10(7), including the payment of prescribed fees, was submitted on September 21, 2026.
Shareholding Impact
The disclosed shareholding patterns confirm that the aggregate holding of the Promoter and Promoter Group has seen adjustments. Specifically, the transferor, Jayen R Shah HUF, now holds 0% of the total shares, while the acquirer, Jayen Ramesh Shah, has seen an increase in his shareholding. The overall shareholding percentage of the Promoter and Promoter Group remains substantial. Details of the shareholding before and after the transaction are provided in the annexures, indicating shifts within the promoter block without altering the total promoter group’s control.
Source: BSE
