Fine Organic Industries541557Capex expansion plan

Board approves Rs.120 crore increase in investment limit for wholly owned subsidiary

Board approved a Rs.120 crore increase in the investment limit for Fine Organic Industries (SEZ) Private Limited, a wholly owned subsidiary — from Rs. 300 crores to Rs. 420 crores — through equity and/or preference shares.

By ScoutQuest · Mon 2 Nov 2026, 5:05 PM IST · 2 min read

Rs. 420 croresRevised overall investment in SEZ subsidiary

Overall investment in SEZ subsidiaryRs. 300 crores

Increase in investment limit in SEZ subsidiaryRs.120 crores

Revised overall investment in SEZ subsidiary Rs. 420 crores: Overall investment in SEZ subsidiary Rs. 300 crores, Increase in investment limit in SEZ subsidiary Rs.120 crores.

Investment limit increase: Rs.120 crore increase, from Rs. 300 crores to Rs. 420 crores
Q2 revenue: Rs. 693.49 crore
Q2 net profit: Rs. 135.14 crore

The board of Fine Organic Industries met on November 2, 2026 and approved two things: the unaudited financial results for the quarter and half year ended September 30, 2026, and a higher investment ceiling for its wholly owned subsidiary. The results carry a limited review conclusion from CNK & Associates LLP, which states that nothing came to its attention suggesting a material misstatement.

Investment in the SEZ subsidiary

The board approved an increase in the investment limit in Fine Organic Industries (SEZ) Private Limited, a wholly owned subsidiary, by Rs.120 crores.
This lifts the overall investment from Rs. 300 crores to Rs. 420 crores.
The investment can be made in one or more tranches, by way of subscription to equity shares, preference shares or a combination of both.
The stated purpose is setting up a manufacturing unit.

Quarterly numbers (standalone, unaudited)

Revenue from operations was Rs. 693.49 crores, against Rs. 571.92 crores in the same quarter a year earlier.
Net profit for the quarter was Rs. 135.14 crores, against Rs. 95.36 crores.
Profit before exceptional items was Rs. 182.68 crores, against Rs. 129.52 crores.
Basic earnings per share was Rs. 44.08, against Rs. 31.10.

Half-year view

Revenue from operations for the six months was Rs. 1,361.56 crores, against Rs. 1,131.07 crores a year earlier.
Net profit for the six months was Rs. 270.64 crores, against Rs. 188.19 crores.
Basic earnings per share was Rs. 88.27, against Rs. 61.38.

Balance sheet (standalone)

Total assets stood at Rs. 3,024.85 crores at September 30, 2026, against Rs. 2,790.59 crores at March 31, 2026.
Total equity was Rs. 2,762.24 crores, against Rs. 2,514.51 crores.
Cash and cash equivalents were Rs. 33.73 crores, against Rs. 47.30 crores.

Stake acquired in September 2026

On September 9, 2026, the company acquired an 80% equity stake in Oleofine Organics Sdn. Bhd. (OFM).
With this, the company obtained an additional indirect controlling interest of 8% in Fine Organic Industries (Thailand) Co., Ltd. (FOIT), alongside an existing stake of 45%.
OFM and FOIT became subsidiaries with effect from September 9, 2026, and both are included in the consolidated results.

Other points to note

A fire on January 18, 2024 at a plant adjacent to the company's manufacturing facility damaged property, plant and equipment and inventories. The insurance claim for property damage and inventory losses was finally settled in July 2026 at Rs. 4.35 crores, against which interim settlements of Rs. 1.80 crores had been received in earlier periods.
Net cash generated from operating activities for the six months was Rs. 77.58 crores, against Rs. 82.58 crores a year earlier.
Dividend paid during the six months was Rs. 33.72 crores.
The company reports zero outstanding default on loans and debt securities, and total financial indebtedness of the listed entity as nil.

80%Equity stake acquired in Oleofine Organics Sdn. Bhd.

Equity stake acquired in Oleofine Organics Sdn. Bhd.: 80%.

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