Fine Organic Industries recommends ₹11 dividend, acquires 80% stake in Oleofine Organics.
Fine Organic Industries recommended a final dividend of ₹11 per share for FY26. The company also approved the acquisition of an 80% stake in Oleofine Organics SDN. BHD., Malaysia. The 24th AGM is scheduled for August 18, 2026, with a record date of July 31, 2026, for the dividend.
The dividend, acquisition of a significant stake in a foreign company, and approval of financial results are material events for the company.
The company announced a dividend, a strategic acquisition, and financial results, all positive developments.
Fine Organic Industries Limited announced the outcome of its Board Meeting held on May 19, 2026. The Board approved the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026.
The company recommended a final dividend of ₹11 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the 24th Annual General Meeting (AGM). The record date for this dividend is set for Friday, July 31, 2026.
Furthermore, the 24th AGM is scheduled to be convened on Tuesday, August 18, 2026. In a significant strategic move, the company approved the acquisition of an 80% stake in Oleofine Organics SDN. BHD., Malaysia.
Additionally, Mr. Shailendra Nadkarni was appointed as an Additional Director in the capacity of Non-executive Independent Director for a term of five years, effective May 19, 2026, pending shareholder approval. The Board meeting commenced at 12:00 noon and concluded at 4:40 p.m.
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Fine Organic Industries Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Fine Organic Industries Limited. Read the original for the full detail.