Mukesh Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
FINEORG · price
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Awaiting price reaction for this filing.
Mukesh Shah, a promoter of Fine Organic Industries, has filed an annual declaration with NSE and BSE under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The declaration confirms that none of the promoters, promoter group members, or persons acting in concert have created any encumbrance (such as a pledge or lien) on the shares of the company held by them during the financial year ended March 31, 2025. The filing covers all 71 promoter and promoter group entities listed in the attached Annexure A, including individual family members, HUFs, trusts, LLPs, and group companies. This is a routine yearly compliance submission made to the audit committee and both stock exchanges.
This is a routine regulatory filing and is broadly reassuring for shareholders, as it confirms the promoter group has not pledged any of their holdings as collateral during the year — a sign of no immediate financial stress at the promoter level. No material impact on stock price is expected from this disclosure alone.