Fine Organic Industries Ltd

AGM Details

• AGM held on 18 August 2026 at 11:00 IST via VC/OAVM.
• Cut-off date for voting: 11 August 2026.
• Remote e-voting period: 13–17 August 2026; voting at AGM via VC/OAVM.

Key Resolutions & Results

• Resolution 1 (Ordinary): Standalone financial statements approved; 100% in favour.
• Resolution 2 (Ordinary): Consolidated financial statements approved; 100% in favour.
• Resolution 3 (Ordinary): Final dividend of Rs 11 per equity share approved; 100% in favour.
• Resolution 4 (Ordinary): Nikhil Kamat appointed as Director; retirement by rotation; approved.
• Resolution 5 (Ordinary): Cost Auditor remuneration for 2026-27 approved; in-favour 99.79%.
• Resolution 6 (Special): Shailendra Nadkarni appointed as Non-Executive Independent Director; approved.
• Resolution 7 (Special): Revision in remuneration of Mukesh Shah; approved.
• Resolution 8 (Special): Revision in remuneration of Jayen Shah; approved.
• Resolution 9 (Special): Revision in remuneration of Tushar Shah; approved.
• Resolution 10 (Special): Revision in remuneration of Bimal Shah; approved.
• Resolution 11 (Special): Revision in remuneration of Nikhil Kamat; approved.

Dividend

• Dividend of Rs 11 per equity share approved.

Director & Auditor Changes

• New appointments: Shailendra Nadkarni (Non-Executive Independent) and Nikhil Kamat (Director).
• Remuneration revisions for directors approved; no change in statutory auditor appointment indicated.

AGM details

• Date: 18 August 2026; Time: 11:00 AM; Mode: VC/OAVM; Record date: 11 August 2026.

Key resolutions

• Resolution 1 (Ordinary): Adoption of standalone financial statements for the year ended March 31, 2026.
• Resolution 2 (Ordinary): Adoption of consolidated financial statements for the year ended March 31, 2026.
• Resolution 3 (Ordinary): Declaration of final dividend of Rs 11 per share.
• Resolution 4 (Ordinary): Appointment of Mr. Nikhil Kamat as Director, liable to retire by rotation.
• Resolution 5 (Ordinary): Ratification of remuneration payable to Cost Auditors for FY 2026-27.
• Resolution 6 (Special): Appointment of Mr. Shailendra Nadkarni as Non-Executive Independent Director.
• Resolution 7 (Special): Revision in remuneration of Mr. Mukesh Shah, Chairman and Whole-Time Director.
• Resolution 8 (Special): Revision in remuneration of Mr. Jayen Shah, Managing Director.
• Resolution 9 (Special): Revision in remuneration of Mr. Tushar Shah, WTD and CEO.
• Resolution 10 (Special): Revision in remuneration of Mr. Bimal Shah, WTD.
• Resolution 11 (Special): Revision in remuneration of Mr. Nikhil Kamat, WTD.

Dividend

• Final dividend of Rs 11 per equity share approved.

Directors changes

• Mr. Nikhil Kamat appointed as Director (retiring by rotation).
• Mr. Shailendra Nadkarni appointed as Non-Executive Independent Director.

Remuneration approvals

• Remuneration ratified for Cost Auditors for FY 2026-27.
• Remuneration revisions approved for multiple directors and executives.

Material related party transactions

• No material related-party transactions disclosed.

AGM details

• AGM held August 18, 2026 at 11:00 IST via VC/OAVM.
• 59 members attended the AGM virtually.
• Voting eligibility cut-off: Aug 11, 2026; remote e-voting Aug 13–17, 2026.
• Scrutinizer from KS & Associates appointed for e-voting.
• E-voting results to be announced within two working days.

Key resolutions

• Ordinary: Adoption of standalone financial statements for FY2025-26.
• Ordinary: Adoption of consolidated financial statements for FY2025-26.
• Ordinary: Declaration of final dividend of Rs 11 per share.
• Ordinary: Appointment of Nikhil Kamat as Director, liable to retire by rotation.
• Ordinary: Ratification of remuneration payable to Cost Auditors for FY2026-27.
• Special: Appointment of Shailendra Nadkarni as Non-Executive Independent Director.
• Special: Revision in remuneration of Mukesh Shah, Chairman and WTD.
• Special: Revision in remuneration of Jayen Shah, Managing Director.
• Special: Revision in remuneration of Tushar Shah, WTD and CEO.
• Special: Revision in remuneration of Bimal Shah, WTD.
• Special: Revision in remuneration of Nikhil Kamat, WTD.

Director changes

• Pratima Umarji ceased to be Independent Director with effect from Nov 3, 2025.
• Nikhil Kamat appointed as Director, liable to retire by rotation.

Auditors and Secretarial

• Statutory Auditors attended via VC; CNK & Associates LLP.
• Cost Auditors attended; Y. R. Doshi & Associates.
• Secretarial Auditor attended; NKS & Co.

Acquisition overview

• Target: Oleofine Organics SDN. BHD., Malaysia-based company (line of business not disclosed).
• Acquisition: 80% of paid-up capital.
• Completion timeline: within the next 3 months; extension due to procedural requirements.
• Strategic rationale: not disclosed.

Business Overview

• Specialty oleochemical additives maker with diverse end-uses in foods, cosmetics, coatings, and polymers.
• Strategic emphasis on green chemistry and sustainable products through in-house R&D.
• In-house plant design and engineering to minimize capex and speed commissioning.

Key Operational Highlights

• Exports accounted for about 60% of Q1FY27 revenue; demand stable domestically and abroad.
• Raw material prices remained elevated; utility costs rose due to West Asia crisis.
• Final BI claim settlement for Badlapur: ₹6.98 crore recognised in Q1FY26.
• July 2026 settlement: property damage and inventory loss ₹4.35 crore.
• Interim settlements aggregating ₹1.80 crore received earlier.

Financial Performance

• Standalone revenue ₹668.1 crore; YoY growth 19.5%.
• Standalone EBITDA ₹173.1 crore; margin 25.9%.
• Standalone PAT ₹135.5 crore; margin 20.3%.
• Consolidated revenue ₹694.2 crore; YoY growth 18.0%.
• Consolidated EBITDA ₹176.0 crore; margin 25.3%.
• Q1FY27 consolidated PAT ₹138.1 crore; margin 19.9%.
• Standalone gross margin 44.6%; consolidated gross margin 45.4%.
• FY26 revenue ₹2,276 crore; margins overall improved YoY.

Capital Structure & Liquidity

• No debt issuance or capital raises disclosed in the quarter.
• Capital structure specifics (debt/equity movements) not disclosed in this presentation.

Strategic Priorities & Outlook

• Growth drivers include rising consumption and expanding end-use applications.
• Demand for green, sustainable additives remains a key focus.
• R&D emphasis with 40+ scientists supports new product developments.
• In-house design and engineering to minimize capex and accelerate commissioning.
• Facilities located near ports to enable efficient global distribution.

Risks & Mitigation

• Raw material price volatility and energy costs remained meaningful risks.
• Geopolitical tensions in West Asia elevated fuel costs impacting operations.
• No specific mitigation measures disclosed in the presentation.

Governance & Leadership

• Independent Director Shailendra Nadkarni joined the Board in 2026.
• CFO: Sonali Bhadani leads investor relations and finance.

Financial highlights

• Revenue from operations for Q1FY27: ₹694.2 Cr, up 18% YoY (₹588.4 Cr Q1FY26).
• EBITDA ₹176.0 Cr; YoY +42.4%; margin 25.3% vs 21.0% YoY.
• PAT ₹138.1 Cr; YoY +18%; PAT margin 19.9%.
• EPS ₹45.06; vs ₹38.19 in Q1FY26.

Demand, costs and margins

• Exports accounted for around 60% of Q1FY27 revenue; demand improved in both segments.
• Raw material prices remained elevated in Q1FY27 vs FY26; sequential increase over Q4FY26 was marginal.
• Utility costs increased significantly in Q1 FY27 due to higher fuel prices from West Asia crisis.

Insurance settlements and related adjustments

• Final settlement for Badlapur plant insurance claim: ₹4.35 Cr in July 2026.
• Interim settlements aggregating ₹1.80 Cr had been received earlier; adjusted in standalone statements.
• During Q1FY26, final settlement of ₹6.98 Cr was recognized as exceptional item.

Publication scope

• Press release covers unaudited results for quarter ended 30 June 2026.
• Investor release is available on the company's website.

Standalone results

• Standalone revenue from operations 668.07 cr; up 19% YoY from 559.15 cr.
• Total standalone income 691.69 cr; net profit 135.50 cr; EPS 44.19.
• Profit before tax 183.16 cr; net profit after tax 135.50 cr.
• Tax: current 47.20 cr; deferred 0.46 cr.
• Insurance final settlement of Rs 4.35 cr; adjustments in June 2026.
• Total comprehensive income 145.70 cr; basic EPS 44.19.
• Auditors CNK & Associates LLP issued unmodified limited review.

Consolidated results

• Consolidated revenue from operations 694.17 cr; up ~18% YoY.
• Total consolidated income 718.42 cr; net profit 138.14 cr; EPS 45.06.
• Tax: current 50.80 cr; deferred (credit) 5.39 cr.
• Total comprehensive income 148.34 cr; earnings per share 45.06.
• Insurance final settlement adjustments in consolidated; Rs 4.35 cr; interim Rs 1.80 cr.
• Consolidated results reviewed by CNK & Associates LLP; unmodified conclusion.
• Single operating segment: Manufacturing of Specialty Chemicals.

Notes on segment & audit

• IND AS 108: single primary segment – Manufacturing of Specialty Chemicals.
• Unaudited standalone and consolidated results subjected to limited review; unmodified conclusion.

Insurance settlement and plant impact

• Fire at Badlapur plant insurance claim settled in full by Tata AIG for INR 11.33 crore.
• Settlement covers property damage, inventory, and loss of profit.
• Operations disrupted temporarily; plant resumed manufacturing with no material adverse impact.
• Insurance settlements accepted as full and final.

Meeting Details

• Meeting date: Friday, August 7, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 to August 9, 2026 (inclusive).