Fine Organic Industries Limited has informed the Exchange regarding Appointment of M/s. NKS Co. as Secretarial Auditors of the company w.e.f. May 08, 2025.
FINEORG · price
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Fine Organic Industries' board, meeting on May 8, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with a clean (unmodified) auditor's opinion from B Y & Associates. Revenue from operations for FY25 rose to Rs. 2,20,519 lakhs (from Rs. 1,95,114 lakhs in FY24), while net profit grew to Rs. 38,966 lakhs (from Rs. 36,755 lakhs), translating to an EPS of Rs. 127.09. The board recommended a final dividend of Rs. 11 per share (face value Rs. 5) with a record date of July 26, 2025, and set the 23rd AGM for August 21, 2025. It also approved setting up wholly owned subsidiaries in the USA and UAE, and appointed CNK & Associates LLP as statutory auditors and NKS & Co. as secretarial auditors, both for 5-year terms subject to shareholder approval. The Badlapur plant, disrupted since January 2024 by a fire at an adjacent facility, resumed operations from November 28, 2024.
Positive: Healthy revenue and profit growth, continued dividend payout, and overseas expansion signal business momentum, though the sharp Q4 net profit dip (~15% YoY) and large cash shift into bank fixed deposits (Rs. 76,079 lakhs) are worth watching. Shareholders benefit from the Rs. 11 dividend; new auditor appointments are routine governance steps pending AGM approval.