Fine Organic Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 19, 2026, recommended Final Dividend of Rs. 11 per equity share.
FINEORG · price
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Fine Organic Industries Limited's Board meeting on May 19, 2026 approved multiple items. The Board recommended a final dividend of Rs. 11 per equity share (face value Rs. 5) for FY2026, subject to shareholder approval at the 24th AGM scheduled for August 18, 2026. The record date for dividend payment is July 31, 2026. Standalone net profit for FY2026 declined to Rs. 34,637.57 lakhs from Rs. 38,966.25 lakhs in FY2025, though revenue from operations increased to Rs. 2,27,596.26 lakhs from Rs. 2,20,519.45 lakhs. EPS stood at Rs. 112.97 versus Rs. 127.09 in the previous year. The Board also approved acquisition of 80% stake in Oleofine Organics SDN. BHD., Malaysia, and appointed Mr. Shailendra Nadkarni as Additional Non-executive Independent Director. Auditors issued an unmodified (clean) opinion on both standalone and consolidated financial results.
The dividend declaration signals shareholder-friendly approach despite lower profitability. The profit decline could create some caution among investors, while the Malaysia acquisition represents expansion of international footprint. The clean audit opinion provides assurance on financial reporting quality.