StockWatch
·
Specialty Chemicals
Quarterly Result2 Nov 2026, 05:10 pm

Fine Organic Approves Q2 Unaudited Results, Boosts Subsidiary Investment by ₹120 Cr

AI Summary

Fine Organic Industries Limited announced that its Board of Directors, in a meeting held on November 2, 2026, approved the standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026. The company also approved an increase in its investment limit in its wholly-owned subsidiary, Fine Organic Industries (SEZ) Private Limited, by ₹120 crores. This raises the total investment from ₹300 crores to ₹420 crores, intended for setting up a new manufacturing unit. The limited review report from statutory auditors M/s. CNK & Associates LLP was also submitted. The approved financial results will be uploaded to the company's website.

Key Highlights

  • Board approved unaudited financial results for Q2 and H1 FY27.
  • Investment in wholly-owned subsidiary increased by ₹120 crores.
  • Total investment in subsidiary now stands at ₹420 crores.
  • Funds earmarked for setting up a new manufacturing unit.
  • Limited review report from auditors CNK & Associates LLP submitted.