StockWatch
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Specialty Chemicals
Board Meeting2 Nov 2026, 05:21 pm

Fine Organic Board Approves Investment Hike in Subsidiary

AI Summary

Fine Organic Industries Limited announced that its Board of Directors has approved an increase in the investment limit in its wholly-owned subsidiary, Fine Organic Industries (SEZ) Private Limited, by ₹120 crores. This raises the overall investment from ₹300 crores to ₹420 crores, to be utilized for setting up a manufacturing unit. The Board also approved the standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026, along with the limited review report from statutory auditors.

Key Highlights

  • Board approved investment increase of ₹120 Cr in subsidiary.
  • Total investment in subsidiary to reach ₹420 Cr.
  • Standalone and consolidated unaudited results for Q2 FY27 approved.
  • Limited review report from auditors also approved.
  • Funds to be used for setting up a new manufacturing unit.