Fine Organic Industries Limited reported strong financial results for the year ended March 31, 2026, with a consolidated net profit of ₹417.07 crore. The Board also recommended a final dividend of ₹11 per share. Alongside these robust financial highlights, the company has announced a significant strategic move to acquire an 80% stake in the Malaysian firm Oleofine Organics SDN. BHD. for approximately ₹82.86 crore, strengthening its foothold in the specialty chemicals sector.
Annual Financial Performance
For the financial year ended March 31, 2026, Fine Organic Industries demonstrated consistent growth. The company achieved a consolidated annual revenue from operations of ₹2,365.79 crore, resulting in a consolidated net profit of ₹417.07 crore. In terms of shareholder returns, the Board of Directors has recommended a final dividend of ₹11 per equity share, subject to approval by members at the upcoming 24th Annual General Meeting scheduled for August 18, 2026.
Strategic Acquisition in Malaysia
In a major expansion move, the company has approved the acquisition of 80% of the paid-up capital of the Malaysian-based Oleofine Organics SDN. BHD. (OFM). This acquisition is part of the company’s long-term growth strategy to bolster its manufacturing and supply capabilities in the specialty chemicals segment. The total cost of the acquisition is estimated at approximately ₹82.86 crore, with completion expected within the next three months.
Board and Leadership Updates
Furthering its commitment to strong corporate governance, the company announced the appointment of Mr. Shailendra Nadkarni as an Additional Director in the capacity of Non-Executive Independent Director. Mr. Nadkarni brings over 31 years of extensive experience in the banking and financial sector to the Board, effective May 19, 2026.
Key Project Milestones
The company also provided an update on its business resilience, noting that an insurance claim related to a January 2024 fire incident has been settled. The company received ₹6.98 crore as a full and final settlement for business interruption, reinforcing its focus on operational stability and maintaining a steady growth trajectory in the specialty chemicals market.
Source: BSE
