Fine Organic Industries Limited
Fine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.
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Fine Organic has executed agreements to acquire an 80% equity stake in Oleofine Organics SDN. BHD. (OFM), a Malaysian specialty chemicals firm. The acquisition cost is up to INR 80.28 Cr cash, aligning with Fine Organic's growth strategy. OFM reported FY26 turnover of INR 54.17 Cr.
Fine Organic has settled an insurance claim for 11.34 Cr related to a past fire at its Badlapur plant. This covers property damage, inventory, and loss of profit. Operations resumed after temporary disruption with no significant adverse impact.
Company's board approved annual financial results and a ₹11/share final dividend. It greenlit acquiring 80% of Malaysia's Oleofine Organics for approx ₹82.86 Cr, boosting specialty chemicals presence. Also approved a new independent director and upcoming Annual General Meeting.
Fine Organic Industries' board approved quarterly and half-year results. Standalone revenue hit ₹571.93 Cr, net profit ₹95.35 Cr for the quarter. Notably, ₹6.98 Cr was received for business interruption from a 2024 fire, with ₹1.80 Cr interim for other claims.
Fine Organic Industries has invested Rs 65 Cr in its Wholly Owned Subsidiary, Fine Organic Industries (SEZ) Private Limited. This strategic cash infusion is specifically aimed at establishing a new manufacturing unit for specialty chemicals. The subsidiary, incorporated in October 2023, is yet to commence operations. This move signals the...