Mukesh Maganlal Shah 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.
FINEORG · price
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Three promoters of Fine Organic Industries — Mukesh Maganlal Shah, Jayen Ramesh Shah, and Tushar Ramesh Shah — will jointly acquire up to 3,06,600 equity shares (1% of share capital) from fellow promoter Anjali Kunal Patil at up to Rs. 4,300 per share, through an off-market inter-se transfer. Each acquirer will receive 1,02,200 shares (0.33% stake each), priced in line with the 60-day VWAP of around Rs. 4,314–4,318 on NSE/BSE. The aggregate promoter and promoter group holding will remain unchanged at 75%, but individual stakes will shift: Jayen Shah rises from 15.70% to 16.04% and Tushar Shah from 16.26% to 16.60%, while Anjali Patil's stake drops from 7.49% to 6.49%. The transaction is exempt from an open offer under Regulation 10(1)(a)(ii) and is expected to be executed on or after March 30, 2026.
This is a neutral internal reshuffling of shares within the promoter family — total promoter ownership stays the same, so there is no dilution for public shareholders and no change in control. Retail investors should not expect any meaningful impact on the stock price from this transaction.