Fine Organic Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 21, 2025
FINEORG · price
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Fine Organic Industries Limited held its 23rd AGM on August 21, 2025, via video conferencing, and all 8 resolutions were passed with overwhelming shareholder support. Shareholders adopted the audited standalone and consolidated financial statements for FY25 with 99.9999% approval each. A final dividend of Rs. 11 per equity share (on a face value of Rs. 5) for FY2024-25 was approved with 99.9999% votes in favor. Mr. Bimal Shah (DIN: 03424880) was re-appointed as a director via rotation with 96.29% approval, while Mr. Mukesh Maganlal Shah was allowed to continue as Chairman past age 70 through a special resolution with 99.56% approval. M/s. CNK & Associates LLP were appointed as statutory auditors (99.98% in favor), and M/s. NKS & Co were appointed as secretarial auditors for 5 years (99.88% in favor). The cost auditor remuneration for FY26 was also ratified. Out of 1,01,982 shareholders on record, 2,73,59,829 votes (89.24% of outstanding shares) were polled, indicating strong turnout.
Shareholders have formally approved the Rs. 11 final dividend for FY25, which will now move to the payment stage. The smooth passage of all resolutions, including the appointment of new auditors and continuation of the Chairman, signals strong management continuity and shareholder confidence, with no governance disruptions.