Fine Organic Industries Limited has announced the approval of its standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026. The board also approved an increase in investment in its wholly-owned subsidiary, Fine Organic Industries (SEZ) Private Limited, by ₹120 crores, raising the total investment to ₹420 crores. This capital infusion is intended to support the establishment of a new manufacturing unit.
Board Meeting Outcome
The Board of Directors of Fine Organic Industries Limited convened on November 2, 2026, to review and approve key financial and strategic decisions. The meeting resulted in the approval of the unaudited financial results for both the quarter and the half-year period concluding on September 30, 2026. These results have been reviewed by the Audit Committee and formally approved by the Board. A limited review report from the statutory auditors, M/s. CNK & Associates LLP, is also appended.
Subsidiary Investment Boost
In a significant strategic move, the Board also sanctioned an increase in the investment limit for its wholly-owned subsidiary, Fine Organic Industries (SEZ) Private Limited. The investment will be enhanced by ₹120 crores, increasing the overall investment from the existing ₹300 crores to a total of ₹420 crores. This enhanced investment will be made over one or more tranches through the subscription of equity shares, preference shares, or a combination thereof. The primary objective of this capital allocation is to support the establishment of a new manufacturing unit by the subsidiary.
Financial Results Overview
The unaudited standalone statement of assets and liabilities as of September 30, 2026, shows total assets of ₹3,024.85 crores, with total equity and liabilities at the same amount. The standalone statement of profit and loss for the quarter ended September 30, 2026, reported revenue from operations of ₹693.49 crores and a net profit of ₹135.14 crores. For the six months ended September 30, 2026, revenue from operations stood at ₹1,412.47 crores with a net profit of ₹270.64 crores.
The consolidated statement of assets and liabilities as of September 30, 2026, reflects total assets of ₹3,422.94 crores. The consolidated statement of profit and loss for the quarter ended September 30, 2026, shows revenue from operations of ₹729.39 crores and a net profit of ₹152.12 crores. For the six months ended September 30, 2026, consolidated revenue from operations was ₹1,478.45 crores with a net profit of ₹302.33 crores.
Disclosure of Related Party Transactions
Details regarding the acquisition of Fine Organic Industries (SEZ) Private Limited, a wholly owned subsidiary, are provided in Annexure B. The acquisition falls within the scope of related party transactions, as it involves a wholly-owned subsidiary. The promoter/promoter group/group companies have no interest in this transaction. The objective of the increased investment is to support the subsidiary in setting up its manufacturing unit. The consideration is expected to be cash-based, and there will be no change in the shareholding percentage of the company in the subsidiary.
Source: BSE
