Fine Organic Industries Ltd (FINEORG) — Corporate Action | 2 September 2026

Fine Organic Industries announced on September 2, 2026 that it has executed share transfer agreements to acquire an 80% stake in Oleofine Organics SDN. BHD., a Malaysian specialty chemicals company, for up to RM 3.42 million (approx. INR 80.28 crores), including transaction costs. The acquisition targets a firm with INR 54.17 crores turnover in FY2026 and will be funded in cash. The deal involves purchasing shares from Smoothex Chemicals, a promoter group entity, with 50% sourced from this related party. The transaction aligns with the company's growth strategy and requires no regulatory approvals.