Fine Organic Industries Limited has announced an inter-se transfer of 3,06,600 equity shares among its promoter group. The transaction, completed on March 30, 2026, involved the acquisition of shares by Mukesh Maganlal Shah, Jayen Ramesh Shah, and Tushar Ramesh Shah from Anjali Kunal Patil. Each of the three acquirers received 1,02,200 shares, representing a total of 1.00% of the company’s diluted share capital at a price of Rs. 4,256/- per share.
Transaction Overview
Fine Organic Industries Limited has successfully facilitated an off-market transfer of equity shares between members of its promoter group. On March 30, 2026, a total of 3,06,600 shares were transferred from Anjali Kunal Patil to three key promoters: Mukesh Maganlal Shah, Jayen Ramesh Shah, and Tushar Ramesh Shah. Each recipient acquired an equal portion of 1,02,200 shares.
Strategic Implications
The transaction was executed at a price of Rs. 4,256/- per share. Following the acquisition, the shareholding of the three promoters has increased to 6.59%, 16.04%, and 16.60% respectively. This consolidation of stakes amongst the identified promoter group is part of internal shareholding adjustments and does not change the overall promoter and promoter group aggregate holding, which remains at 75.00% of the total share capital of the company.
Impact on Shareholding Structure
While the transfer resulted in an increase in the individual holdings of the three acquirers, the stake held by Anjali Kunal Patil decreased from 7.49% to 6.49%. All other public and promoter-related holdings remain unaffected by this internal restructuring. The disclosure ensures full transparency regarding the movement of shares within the promoter group, confirming the 1.00% shift in diluted share capital distribution resulting from this transaction.
Source: BSE
