Fine Organic Industries Limited has informed the Exchange regarding 'Approved the Acquisition of 80% of paid up capital of Olefine Organics SDN. BHD. , Malaysia '.
FINEORG · price
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Fine Organic Industries Limited's board meeting on May 19, 2026 approved multiple items including the acquisition of 80% of Oleofine Organics SDN. BHD. (Malaysia). The company also reported standalone revenue of Rs. 22,760 lakhs for FY2026, up 3.2% from Rs. 22,052 lakhs in FY2025, though standalone net profit declined 11% to Rs. 3,464 lakhs from Rs. 3,897 lakhs. EPS dropped to Rs. 112.97 from Rs. 127.09. The board recommended a final dividend of Rs. 11 per share (face value Rs. 5) for FY2026, with record date July 31, 2026. The 24th AGM is scheduled for August 18, 2026. The acquisition expands the company's footprint into Malaysia.
The 80% acquisition of Oleofine Organics Malaysia is a positive strategic move that expands Fine Organic's geographical presence. However, the decline in net profit for FY2026 may create short-term sentiment concerns despite revenue growth. The dividend declaration provides investor support.