Key Transaction Details
On September 16, 2026, the Company invested by subscribing to 5,50,00,000 (Five Crores Fifty Lakhs) 1% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCCPRPS) of Fine Organic Industries (SEZ) Private Limited. Each share has a face value of ₹10, making the total investment amount ₹55,00,00,000 (Indian Rupees Fifty-Five Crores Only). The consideration for this investment was entirely in cash.
Ownership and Control Impact
This investment does not change the shareholding of Fine Organic Industries Limited in its subsidiary. Fine Organic Industries (SEZ) Private Limited will continue to remain a wholly-owned subsidiary of the Company post this transaction.
Purpose and Rationale
The stated object of this investment is to support the wholly-owned subsidiary for setting up its manufacturing unit.
Subsidiary Background
Fine Organic Industries (SEZ) Private Limited was incorporated on October 10, 2023. Its business is in the specialty chemicals sector. The subsidiary has not yet commenced commercial operations and therefore has no history of turnover for the last three years. Its net worth as of March 31, 2026, was ₹90.29 crores. The subsidiary is incorporated in India.
Regulatory and Approval Aspects
The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. No governmental or regulatory approvals are required for this acquisition, and it is not applicable. The transaction is confirmed to be at arm's length, with no interest from the promoter, promoter group, or group companies.