Fine Organic Invests ₹55 Cr in Wholly Owned Subsidiary

Fine Organic Industries Limited has invested INR 55 Crores by subscribing to 1% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCCPRPS) in its wholly-owned subsidiary, Fine Organic Industries (SEZ) Private Limited. The subsidiary, incorporated on October 10, 2023, has not yet commenced operations and thus has no turnover history. This investment is intended to support the subsidiary in setting up a manufacturing unit. The transaction is a cash consideration and does not alter the company's shareholding percentage in the subsidiary, which will remain wholly owned. The promoter group has no interest in this transaction, which is conducted at arm's length.