Fine Organic Industries Ltd (FINEORG) — Corporate Action | 9 September 2026

9 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Completion of 80% acquisition of Oleofine Organics Sdn. BHD. and indirect control of Fine Organic Industries (Thailand) Co. Ltd.

🔄 What Changed

80% stake acquired in OFM; indirect 53% control in FOIT achieved; subsidiaries added

🔮 What's Next

None

💡 Investor Takeaway

The acquisitions expand the company's specialty chemicals footprint through subsidiaries OFM and FOIT, enhancing scale and market presence.

Fine Organic Industries announced completion of its acquisition of an 80% stake in Oleofine Organics Sdn. BHD. (OFM) on September 9, 2026, making OFM a subsidiary. Concurrently, the company gained control of Fine Organic Industries (Thailand) Co. Ltd. (FOIT) through its 45% direct stake plus OFM's 10% holding, bringing total control to approximately 53%. The transactions were executed on an arm's length basis with Smoothex Chemicals, a promoter group entity, as the primary seller. Costs included INR 80.17 crores for OFM and no consideration for FOIT's indirect acquisition.

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About Fine Organic Industries Ltd (FINEORG)

Chemicals · Chemicals · Listed on BSE

Market Cap: ₹15,696.07 CrP/E: 35.8ROE: 16.4%ROCE: 21.2%Div Yield: 0.21%

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📊 More FINEORG filings

Announcement — 28 September 2026Fine Organic Industries Ltd announced a trading window closure effective October 1, 2026, until unau...
🔴 Announcement — 16 September 2026Fine Organic Industries Ltd announced its participation in an investor conference on September 29, 2...
🔴 Announcement — 15 September 2026Fine Organic Industries Ltd announced its participation in an investor conference on September 21, 2...
🔴 Corporate Action — 2 September 2026Fine Organic Industries announced on September 2, 2026 that it has executed share transfer agreement...
Announcement — 18 August 2026Fine Organic Industries Limited announced an extension of the timeline for completing its acquisitio...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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