Fine Organic Industries Limited has informed the Exchange about Appointment of Mr. Shailendra Nadkarni as an Additional Director in the capacity of Non- Executive Independent Director
FINEORG · price
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Fine Organic Industries' Board meeting on May 19, 2026 approved multiple items. Mr. Shailendra Nadkarni (DIN: 03401830) has been appointed as Additional Director in the capacity of Non-Executive Independent Director for a 5-year term effective May 19, 2026, subject to shareholder approval. The company also reported standalone FY2026 net profit of Rs. 346.38 crore (down from Rs. 389.66 crore in FY2025), with total standalone income of Rs. 2,389.94 crore. The Board recommended a final dividend of Rs. 11 per equity share (record date: July 31, 2026) and approved acquisition of 80% stake in Oleofine Organics SDN. BHD., Malaysia. The 24th AGM is scheduled for August 18, 2026. Auditors CNK & Associates LLP issued an unmodified opinion on the financial results.
The appointment of an independent director strengthens board governance. The year-on-year decline in net profit (approx 11%) may weigh on sentiment, though the proposed dividend provides income support. The Malaysia acquisition signals continued international expansion.