Fine Organic Industries Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The board has recommended a final dividend of Rs. 11 per share. Additionally, the company announced a strategic acquisition of an 80% stake in Malaysia-based Oleofine Organics SDN. BHD. for approximately Rs. 82.86 crore, aiming to strengthen its position in the specialty chemicals sector.
Financial Performance for FY 2026
For the financial year ended March 31, 2026, Fine Organic Industries reported standalone revenue from operations of Rs. 2,275.96 crore, with a net profit of Rs. 346.38 crore. On a consolidated basis, the company achieved an annual revenue of Rs. 2,365.80 crore and a net profit of Rs. 417.07 crore. The board of directors has recommended a final dividend of Rs. 11 per equity share (face value of Rs. 5), subject to approval at the 24th Annual General Meeting scheduled for August 18, 2026.
Strategic Acquisition in Malaysia
The company has approved the acquisition of an 80% stake in the Malaysia-based Oleofine Organics SDN. BHD. (OFM). This strategic move is valued at approximately Rs. 82.86 crore (34.21 million RM). The acquisition will be executed in two parts: 50% will be purchased from a related party, Smoothex Chemicals Pvt Ltd, and the remaining 30% from unrelated existing shareholders. This investment aligns with the company’s long-term growth strategy within the specialty chemicals business.
Leadership Updates
In addition to financial and expansion updates, the board has approved the appointment of Mr. Shailendra Nadkarni as an Additional Director in the capacity of Non-Executive Independent Director. Effective May 19, 2026, Mr. Nadkarni brings over 31 years of extensive experience in the banking sector, including his tenure as Executive Director of IDBI Bank, to provide strategic leadership and oversight to the company.
Source: BSE
