Manali Vishal Doshi has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Manali Vishal Doshi, a member of the promoter group of Fine Organic Industries, will receive 46,284 equity shares (0.15% of share capital) from Neeta Jayen Shah as a gift through an off-market transaction on or after June 9, 2025. No consideration will be paid, as this is an inter-se transfer among immediate relatives within the promoter group. After the transfer, Manali Vishal Doshi's holding will rise from 0.25% to 0.40%, while Neeta Jayen Shah's holding will reduce from 2.15% to 2.00%. The total promoter and promoter group holding remains unchanged at 75% of the company's share capital. The transaction is exempt from the open offer requirement under Regulation 10(1)(a) of the SEBI Takeover Regulations.
This is an internal family reshuffle within the promoter group with no change in total promoter ownership, so it has no material impact on the stock price or minority shareholders. The market price reference of around Rs. 4,144 per share (NSE VWAP) gives context on valuation but no cash transaction is involved.