Board Meeting Details

The Board of Directors meeting was held on November 2, 2026, from 12:30 p.m. to 4:30 p.m.

Key Decisions Approved

1. Financial Results Approval

The Board approved the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026. The results were reviewed by the Audit Committee and Statutory Auditors M/s. CNK & Associates LLP issued an unmodified limited review report.

2. Subsidiary Investment Increase

The Board approved an increase in investment limit in Fine Organic Industries (SEZ) Private Limited (Wholly Owned Subsidiary) by ₹120 crores, raising the overall investment limit from ₹300 crores to ₹420 crores. The investment will be made in one or more tranches through subscription to equity shares, preference shares, or a combination thereof for setting up a manufacturing unit.

Standalone Financial Performance (INR Crores)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹693.49
  • Other Income: ₹27.29
  • Total Income: ₹720.78
  • Total Expenses: ₹538.10
  • Profit Before Tax: ₹182.68
  • Tax Expense: ₹47.54 (Current Tax: ₹46.30, Deferred Tax: ₹1.24)
  • Net Profit: ₹135.14
  • EPS: ₹44.08 (Basic and Diluted)

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹1,361.56
  • Other Income: ₹50.91
  • Total Income: ₹1,412.47
  • Profit Before Tax: ₹365.84
  • Net Profit: ₹270.64
  • EPS: ₹88.27 (Basic and Diluted)

Comparative Performance

| Period | Revenue | Net Profit | EPS |

| Q2 FY27 | ₹693.49 | ₹135.14 | ₹44.08 |

| Q1 FY27 | ₹668.07 | ₹135.50 | ₹44.19 |

| Q2 FY26 | ₹571.92 | ₹95.36 | ₹31.10 |

Consolidated Financial Performance (INR Crores)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹729.39
  • Other Income: ₹30.64
  • Total Income: ₹760.03
  • Profit Before Tax: ₹196.59
  • Net Profit: ₹152.12
  • EPS: ₹49.62 (Basic and Diluted)

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹1,423.56
  • Other Income: ₹54.89
  • Total Income: ₹1,478.45
  • Profit Before Tax: ₹380.14
  • Net Profit: ₹290.26
  • EPS: ₹94.67 (Basic and Diluted)

Balance Sheet Highlights (Standalone)

  • Total Assets: ₹3,024.85 crores (vs ₹2,790.59 crores as of Mar 31, 2026)
  • Equity Share Capital: ₹15.33 crores
  • Other Equity: ₹2,746.91 crores
  • Investments: ₹396.96 crores (vs ₹261.81 crores)
  • Cash and Cash Equivalents: ₹33.73 crores (vs ₹47.30 crores)

Acquisition Activity

On September 9, 2026, the company acquired 80% equity stake in Oleofine Organics Sdn. Bhd. (OFM). Consequently, the company obtained additional indirect controlling interest of 8% in Fine Organic Industries (Thailand) Co., Ltd. (FOIT) along with existing stake of 45%. Both OFM and FOIT became subsidiaries effective September 9, 2026.

Insurance Settlement

The company received final insurance settlement of ₹4.35 crores in July 2026 for property damage and inventory losses from a January 2024 fire incident. Earlier, in Q2 FY25, the company had received ₹6.98 crores towards business interruption as final settlement.

Cash Flow Statement (Standalone H1 FY27)

  • Cash from Operating Activities: ₹77.58 crores
  • Cash Used in Investing Activities: ₹50.88 crores
  • Cash Used in Financing Activities: ₹40.27 crores
  • Net Decrease in Cash: ₹13.57 crores

Subsidiary Details

Fine Organic Industries (SEZ) Private Limited:

  • Wholly Owned Subsidiary incorporated on October 10, 2023
  • Not yet commenced operations
  • Net worth as of March 31, 2026: ₹90.29 crores
  • Investment increase purpose: Setting up manufacturing unit

Additional Information

  • No outstanding defaults on loans or debt securities
  • No deviation in public issue proceeds
  • Related party transactions statement uploaded separately
  • No audit qualifications impact