Fine Organic Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 21, 2025
FINEORG · price
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Awaiting price reaction for this filing.
Fine Organic Industries held its 23rd AGM on August 21, 2025, via video conferencing. Eight resolutions were put to vote, including adoption of audited financial statements for FY25, declaration of a final dividend of Rs. 11 per equity share (face value Rs. 5), reappointment of a director, appointment of new statutory and secretarial auditors, and continuation of the Chairman (Mr. Mukesh Shah) as Whole Time Director. The Auditors' Report carried no qualifications for FY25. In his speech, the Chairman highlighted the company's 55-year legacy, resilient FY25 performance despite macroeconomic and geopolitical headwinds, and elevated raw material and logistics costs in H1 that normalized in H2. The company also shared expansion plans: a 30-acre greenfield plot at JNPA SEZ Mumbai (environmental clearance received in April 2025), 160 acres acquired in South Carolina for a new US manufacturing facility under Fine Organics Americas LLC, and a new subsidiary being set up in the UAE.
Positive for shareholders — Rs. 11 dividend per share is a concrete return, and expansion into the US (160 acres in South Carolina) and UAE signals long-term capacity-led growth. Clean audit report and orderly AGM reflect stable governance, though the market will await the e-voting results (due within 2 working days) to confirm shareholder approval of key resolutions.