Fine Organic Industries 24th AGM Voting Results

Meeting Details

Date of Meeting: Tuesday, August 18, 2026
Type of Meeting: 24th Annual General Meeting (AGM)
Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
Record Date: August 11, 2026
Total Shareholders on Record Date: 83,832

Shareholder Participation

Promoters and Promoter Group Present through Video Conferencing: 18 shareholders
Public Shareholders Present through Video Conferencing: 41 shareholders
Shareholders Present in Person/Proxy: 0 from both Promoter and Public categories

Proposed Resolutions and Implications

The AGM considered 11 resolutions covering:

1. Ordinary Resolution 1: Adoption of Standalone Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors reports

2. Ordinary Resolution 2: Adoption of Consolidated Financial Statements for FY ended March 31, 2026 with Auditors report

3. Ordinary Resolution 3: Declaration of Final Dividend of ₹11 per equity share (face value ₹5) for financial year 2025-26

4. Ordinary Resolution 4: Appointment of Mr. Nikhil Kamat (DIN: 00107233) as Director liable to retire by rotation

5. Ordinary Resolution 5: Ratification of remuneration payable to Cost Auditors for FY 2026-27

6. Special Resolution 6: Appointment of Mr. Shailendra Nadkarni (DIN: 03401830) as Non-Executive and Independent Director

7. Special Resolution 7: Revision in remuneration of Mr. Mukesh Shah (DIN: 00106799), Chairman and Whole-Time Director

8. Special Resolution 8: Revision in remuneration of Mr. Jayen Shah (DIN: 00106919), Managing Director

9. Special Resolution 9: Revision in remuneration of Mr. Tushar Shah (DIN: 00107144), Whole Time Director and CEO

10. Special Resolution 10: Revision in remuneration of Mr. Bimal Shah (DIN: 03424880), Whole Time Director

11. Special Resolution 11: Revision in remuneration of Mr. Nikhil Kamat (DIN: 00107233), Whole Time Director

Voting Process and Methods

The voting process included:

Remote e-voting period: August 13, 2026 (09:00 AM IST) to August 17, 2026 (05:00 PM IST)
E-voting provider: KFin Technologies Ltd through https://evoting.kfintech.com
Insta-poll voting: Facility provided at the AGM for members who didn't vote remotely
Scrutinizer: Mr. Kartik Shah of KS & Associates, Company Secretaries (Membership No. FCS 5732) appointed vide Board resolution dated May 19, 2026

Key Voting Outcomes

Overall Participation

Total Outstanding Shares: 3,06,59,976
Total Votes Polled: 2,74,64,142 shares (89.5765% of outstanding shares)
Total Shareholders Voted: 245 members through remote e-voting + 9 members through insta-poll

Resolution-wise Results:

Resolution 1 (Standalone Financial Statements)

Total Votes in Favor: 2,74,64,131 shares (100% of votes polled)
Total Votes Against: 11 shares (0% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 100% in favor (44,65,071 shares)
Public Non-Institutions: 99.7603% in favor (4,578 of 4,589 shares)

Resolution 2 (Consolidated Financial Statements)

Total Votes in Favor: 2,74,64,131 shares (100% of votes polled)
Total Votes Against: 11 shares (0% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 100% in favor (44,65,071 shares)
Public Non-Institutions: 99.7603% in favor (4,578 of 4,589 shares)

Resolution 3 (Final Dividend ₹11 per share)

Total Votes in Favor: 2,74,64,132 shares (100% of votes polled)
Total Votes Against: 10 shares (0% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 100% in favor (44,65,071 shares)
Public Non-Institutions: 99.7821% in favor (4,579 of 4,589 shares)

Resolution 4 (Appointment of Nikhil Kamat)

Total Votes in Favor: 2,74,40,482 shares (99.9139% of votes polled)
Total Votes Against: 23,660 shares (0.0861% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 99.4704% in favor (44,41,422 of 44,65,071 shares)
Public Non-Institutions: 99.7603% in favor (4,578 of 4,589 shares)

Resolution 5 (Cost Auditors Remuneration)

Total Votes in Favor: 2,74,64,131 shares (100% of votes polled)
Total Votes Against: 11 shares (0% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 100% in favor (44,65,071 shares)
Public Non-Institutions: 99.7603% in favor (4,578 of 4,589 shares)

Resolution 6 (Appointment of Shailendra Nadkarni)

Total Votes in Favor: 2,74,07,255 shares (99.7929% of votes polled)
Total Votes Against: 56,887 shares (0.2071% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 98.7262% in favor (44,08,195 of 44,65,071 shares)
Public Non-Institutions: 99.7603% in favor (4,578 of 4,589 shares)

Resolution 7 (Remuneration of Mukesh Shah)

Total Votes in Favor: 2,65,27,437 shares (96.5894% of votes polled)
Total Votes Against: 9,36,705 shares (3.4106% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 79.0303% in favor (35,28,759 of 44,65,071 shares)
Public Non-Institutions: 91.4360% in favor (4,196 of 4,589 shares)

Resolution 8 (Remuneration of Jayen Shah)

Total Votes in Favor: 2,65,27,437 shares (96.5894% of votes polled)
Total Votes Against: 9,36,705 shares (3.4106% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 79.0303% in favor (35,28,759 of 44,65,071 shares)
Public Non-Institutions: 91.4360% in favor (4,196 of 4,589 shares)

Resolution 9 (Remuneration of Tushar Shah)

Total Votes in Favor: 2,64,13,335 shares (96.1739% of votes polled)
Total Votes Against: 10,50,807 shares (3.8261% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 76.4749% in favor (34,14,657 of 44,65,071 shares)
Public Non-Institutions: 91.4360% in favor (4,196 of 4,589 shares)

Resolution 10 (Remuneration of Bimal Shah)

Total Votes in Favor: 2,64,13,335 shares (96.1739% of votes polled)
Total Votes Against: 10,50,807 shares (3.8261% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 76.4749% in favor (34,14,657 of 44,65,071 shares)
Public Non-Institutions: 91.4360% in favor (4,196 of 4,589 shares)

Resolution 11 (Remuneration of Nikhil Kamat)

Total Votes in Favor: 2,74,61,115 shares (99.9890% of votes polled)
Total Votes Against: 3,027 shares (0.0110% of votes polled)
Promoter Group: 100% in favor (2,29,94,482 shares)
Public Institutions: 99.9332% in favor (44,62,090 of 44,65,071 shares)
Public Non-Institutions: 98.9976% in favor (4,543 of 4,589 shares)

Scrutinizer's Role and Findings

Mr. Kartik Shah of KS & Associates was appointed as Scrutinizer to ensure fair and transparent voting process. Key findings:

Remote e-voting conducted from August 13-17, 2026 via KFin Technologies platform
Insta-poll voting facility provided at AGM for members who didn't vote remotely
Votes were unblocked from evoting website on August 17, 2026 (remote e-voting) and August 18, 2026 (insta-poll)
No invalid votes or abstentions recorded across all resolutions
All resolutions passed with required majority

Compliance Confirmation

The company confirmed compliance with:

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44(3))
Companies Act, 2013 (Section 108)
Companies (Management and Administration) Rules, 2014 (Rule 20)
Voting process conducted through electronic means as permitted by law