Dear Members,
The Board is pleased to submit its report on the performance of the Company along with the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31,2026.
FINANCIAL PERFORMANCE:
The Company's financial performance during the year ended March 31, 2026, compared to the previous Financial Year is summarised below:
(' in Lakhs)
|
|
Standalone
|
Consolidated
|
|
Particulars
|
Financial Year 2025-26
|
Financial Year 2024-25
|
Financial Year 2025-26
|
Financial Year 2024-25
|
|
REVENUE & PROFITS
|
|
|
|
|
|
Total Revenue from operations
|
2,27,596.26
|
2,20,519.45
|
2,36,579.78
|
2,26,914.79
|
|
Profit before Interest, Tax & Depreciation
|
52,538.31
|
57,771.27
|
59,962.98
|
61,047.73
|
|
Less: Interest & Finance Charges
|
304.19
|
169.02
|
412.37
|
219.56
|
|
Less: Depreciation
|
5,331.71
|
5,137.84
|
5,641.22
|
5,229.62
|
|
Profit for the year before Tax & exception items
|
46,902.41
|
52,464.41
|
53,909.39
|
55,598.55
|
|
Exceptional item
|
698.40
|
-
|
698.40
|
-
|
|
Profit for the year before Tax & exception items
|
47,600.81
|
52,464.41
|
54,293.66
|
55,515.70
|
|
Less: Provision for Taxation
|
|
|
|
|
|
- Current
|
12,650.00
|
13,652.55
|
13,864.64
|
14,589.74
|
|
- Deferred
|
180.21
|
(154.39)
|
(1,411.41)
|
(123.68)
|
|
Short (Excess) provision for earlier years
|
133.03
|
-
|
133.03
|
-
|
|
Net Profit/(Loss) after Tax
|
34,637.57
|
37,866.25
|
41,707.40
|
41,049.64
|
|
Other comprehensive income
|
(1,609.03)
|
(234.18)
|
(1,609.39)
|
(235.39)
|
|
Total Comprehensive Income
|
33,028.54
|
38,732.07
|
40,098.01
|
40,814.25
|
|
RETAINED EARNINGS
|
|
|
|
|
|
Opening Balance of Retained Earnings
|
2,19,557.20
|
1,83,656.95
|
2,29,714.60
|
1,91,730.95
|
|
Add: Profit for the year
|
34,637.57
|
38,966.25
|
41,707.40
|
41,049.64
|
|
Less: Appropriations
|
|
|
|
|
|
Final Dividend
|
3,372.60
|
3,066.00
|
3,372.60
|
3,066.00
|
|
Transferred to Other Reserve/ Non-controlling interest
|
-
|
-
|
-
|
-
|
|
Balance as at end of the Year
|
2,50,822.17
|
2,19,557.20
|
2,68,049.40
|
2,29,714.59
|
The Standalone as well as the Consolidated Financia Statements have been prepared in accordance with the Indiar Accounting Standards ('Ind AS').
On a consolidated basis, the revenue from operations increased to ' 2,36,579.78 Lakhs in Financial Year 2025-26 from ' 2,26,914.79 Lakhs in Financial Year 2024-25. The profi before tax decreased to ' 54,293.66 Lakhs in Financial Yeai 2025-26 from ' 55,515.70 Lakhs in Financial Year 2024-25.
On a standalone basis, the revenue from operations increasec to ' 2,27,596.26 Lakhs in Financial Year 2025-26 from
' 2,20,519.45 Lakhs in Financial Year 2024-25. The profit before tax decreased to ' 47,600.81 Lakhs in Financial Year 2025-26 from ' 52,464.41 Lakhs in Financial Year 2024-25.
For more details on the Consolidated and Standalone Financial Results, please refer to the Management Discussion and Analysis Report which forms a part of this Annual Report.
SHARE CAPITAL:
During the year under review, there was no change in the Authorised Share Capital of the Company. As of March 31, 2026, the Paid-up Share Capital of the Company
is ' 1,533 Lakhs, comprising 3,06,59,976 equity shares of ' 5 each.
DIVIDEND:
The Board recommends a final dividend of ' 11/- (Rupees Eleven only) per equity share for the Financial Year ended March 31, 2026. The payment of dividend is subject to the approval of members at the ensuing Annual General Meeting ('AGM'). Upon approval, the dividend will be paid to those members whose names will appear in the Register of Members as at the close of business hours on Friday, July 31,2026. The total dividend payout will be approximately ' 3,372.60 Lakhs.
In accordance with Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Listing Regulations'), the Company has adopted a Dividend Distribution Policy. This policy outlines various parameters that the Board considers while recommending or declaring dividends. The Dividend Distribution Policy is available on the Company's website at
UNCLAIMED DIVIDEND:
Pursuant to applicable provisions of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ('IEPF Rules'), all unpaid/ unclaimed dividends are required to be transferred by the Company to the Investor Education and Protection Fund ('IEPF' or 'Fund') established by the Central Government, after completion of seven years from the date the dividend is transferred to unpaid/ unclaimed account. Further, the shares in respect of which dividend has not been paid or claimed by the shareholders for seven consecutive years or more shall also be transferred to the demat account of the IEPF Authority. In accordance with the IEPF Rules, the Company sent individual notices and advertised in the newspapers seeking action from the shareholders who have not claimed their dividends for seven consecutive years or more. Thereafter, the Company has transferred such unpaid or unclaimed dividends, the details of which are given below:
|
the Year
|
to IEPF (in ' )
|
to IEPF
fi
|
|
Final dividend FY 2017 - 18 w
|
14,406/- (Fourteen Thousand Four Hundred and Six only)
|
November 14,
t
2025
in
|
Further, the Company transferred 77 equity shares to the demat account of IEPF during the year under review. The shareholders/claimants whose shares or unclaimed dividends have been transferred to the IEPF, may claim the shares or apply for a refund from the IEPF Authority by following the procedure prescribed in the IEPF Rules. The shareholders may request the Company by submitting all the required documents before making an application to the IEPF Authority.
During the year, the Company will transfer the following unclaimed dividend and the underlying shares to IEPF, within statutory timelines:
|
Dividend
|
Due date for
transfer to IEPF
|
|
Final dividend FY 2018 -19
|
September ?9 ?0?6
|
The shareholders are requested to ensure that they claim the dividends and shares referred above, before they are transferred to the said Fund. The Company has appointed a Nodal Officer under the provisions of the Rules, the details of which are available on the website at
Details of shares in respect of which dividend has not been claimed are provided on the website of the Company at
The shareholders are encouraged to verify their records and claim their dividends for all the previous seven years, if not claimed.
TRANSFER TO RESERVES:
The closing balance of the retained earnings of the Company for the Financial Year 2025-26, after all appropriations and adjustments, was ' 2,50,822.17 Lakhs.
SUBSIDIARIES, ASSOCIATE COMPANIES AND JOINT VENTURES:
In accordance with Section 129(3) of the Companies Act, 2013 ("the Act"), a separate statement containing the salient features of the financial statements of all subsidiaries and associate companies/joint ventures, if any, in prescribed Form AOC - 1 is attached to the financial statements of the Company. The statement also provides details of the performance and financial position of each of the subsidiaries.
The audited financial statements together with related information and other reports of each of the subsidiary companies are available on the Company's website at
and the same are also available for
inspection by the members at the Registered Office of the Company during business hours on all working days as required under Section 136 of the Act.
As on March 31, 2026, the Company has five subsidiaries i.e. Fine Organics (USA), Inc., Fine Organics Europe BV, Fine Organic Industries (SEZ) Private Limited, Fine Organics Americas LLC and Fine Organics FZE and two joint venture companies i.e. Fine Zeelandia Private Limited and Fine Organic Industries (Thailand) Co., Ltd.
DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to Section 134 (3) (c) read with Section 134 (5) of the Act, the Board of Directors, to the best of their knowledge and based on the information and explanation received from the Company, confirm that:
a) i n the preparation of the annual accounts for the Financial Year ended March 31, 2026, the applicable accounting standards have been followed and there are no material departures;
b) the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on March 31, 2026 and of the profit of the Company for that period;
c) the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
d) the Directors have prepared the annual accounts on a going concern basis;
e) the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and
f) the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.
BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:
As on date of the report, the Board of Directors of the Company comprises of 10 (ten) Directors, of which 5 (five) are Executive
Directors, 5 (five) Non-Executive Independent Directors, including 1 (one) Woman Non-Executive Independent Director. The constitution of the Board of Directors of the Company is in accordance with Section 149 of the Act and Regulation 17 of the Listing Regulations, as amended from time to time.
The Company has received requisite declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence prescribed under Section 149(6) of the Act read with Rule 5 of the Companies (Appointment and Qualification of Directors) Rules, 2014 and Regulation 16(1 )(b) of the Listing Regulations. The Independent Directors have also confirmed that they are not aware of any circumstance or situation that exists or may be reasonably anticipated that could impair or impact their ability to discharge their duties with an objective, independent judgment and without any external influence. In the opinion of the Board, all the Independent Directors satisfy the criteria of independence as defined under the Act, rules framed thereunder and the Listing Regulations, and that they are independent of the Management of the Company.
In the opinion of the Board, all Independent Directors possess the requisite qualifications, experience, expertise, proficiency and hold high standards of integrity for the purpose of Rule 8(5) (iiia) of the Companies (Accounts) Rules, 2014. In terms of the requirements under the Listing Regulations, the Board has identified list of key skills, expertise and core competencies of the Board, including the Independent Directors, details of which are provided as part of the Corporate Governance Report.
As on March 31, 2026, the Key Managerial Personnel ('KMP') of the Company were Mr. Mukesh Shah, Chairman and Whole-Time Director; Mr. Jayen Shah, Managing Director; Mr. Tushar Shah, Whole-Time Director; and Chief Executive Officer; Mr. Bimal Shah, Whole-Time Director; Mr. Nikhil Kamat, Whole-Time Director; Ms. Sonali Bhadani, Chief Financial Officer; and Ms. Pooja Lohor, Company Secretary.
CHANGES IN DIRECTORS AND KEY MANAGERIAL
PERSONNEL
Retirement by Rotation
In accordance with the provisions of Section 152 of the Act read with the rules made thereunder and the Articles of Association of the Company, Mr. Nikhil Kamat (DIN: 00107233) retires by rotation at the 24
th
AGM and, being eligible, has offered
himself for re-appointment. A resolution seeking shareholders' approval for his re-appointment forms part of the AGM Notice. The brief details of Mr. Nikhil Kamat, who is proposed to be re-appointed as required under Secretarial Standard 2 on General Meetings ("SS-2") and Regulation 36 of the Listing Regulations, are being provided in the Notice convening the AGM of the Company.
Cessation of Director
During the year under review, Ms. Pratima Umarji (DIN: 05294496) ceased to be an Independent Director of the Company due to her ongoing health issues with effect from November 03, 2025. The Board places on record its appreciation for her invaluable contribution and guidance during her tenure as an Independent Director.
Appointment of Director
Based on the recommendation of the Nomination and Remuneration Committee (NRC), the Board at its meeting held on May 19, 2026 appointed Mr. Shailendra Nadkarni (DIN: 03401830), as an Additional Director in the capacity of Non-Executive and Independent Director of the Company, with effect from May 19, 2026 for a term of 5 (five) consecutive years till May 18, 2031 and has recommended his appointment for the approval of Members at the 24
th
AGM. A brief profile of Mr. Shailendra Nadkarni and other requisite information are provided as part of the Notice of 24
th
AGM.
NUMBER OF BOARD MEETINGS:
The Board met 4 (four) times during the year under review on May 08, 2025; August 08, 2025; November 07, 2025 and February 12, 2026 respectively. The maximum gap between two Board meetings did not exceed 120 days. The details of the Board meetings and the attendance of Directors are provided in the Corporate Governance Report forming part of the Annual Report.
COMMITTEES OF THE BOARD:
As on the date of this report, the Board has the following committees:
i) Audit Committee
ii) Nomination and Remuneration Committee
iii) Stakeholders' Relationship Committee
iv) Corporate Social Responsibility Committee
v) Risk Management Committee.
vi) Executive Committee
vii) Strategic Growth Committee
All the recommendations made by the Board Committees, including the Audit Committee, were accepted by the Board.
Detailed information of these Committees and relevant information for the year under review are set out in the Corporate Governance Report.
ANNUAL EVALUATION OF DIRECTORS, COMMITTEES AND THE BOARD:
Pursuant to the applicable provisions of the Act and the Listing Regulations, the Board has carried out an annual evaluation of its own performance, performance of the Directors as well as the evaluation of the working of its committees. The NRC has defined the evaluation criteria and procedure for the Performance Evaluation process for the Board, its Committees and Directors.
The performance of the Board and its functioning were evaluated based on various criteria, including expertise and experience of the Board, industry knowledge, diversity, Board Meeting procedure, Board Development, succession planning, etc.
All committees of the Board were evaluated based on various criteria, including their function and duties, periodical reporting to the Board along with their suggestions and recommendations and the procedure of the Meetings etc.
In a separate meeting of Independent Directors held on March 24, 2026, the performance of Non-Independent Directors, the Board as a whole and the Chairman of the Company was evaluated by the Independent Directors. The evaluation of the Chairperson was done based on criteria which, among others, included managing relationships with shareholders and employees, board, management and leadership qualities. The performance of all Executive Directors as well as Independent Directors has been evaluated by the entire Board based on the criteria, which includes participation at Board/ Committee Meetings, managing relationships with other fellow members and senior management, personal attributes like ethics and integrity etc.
The Board and NRC reviewed the performance of the Board, its Committees and of the Directors. The same was discussed in the Board Meeting and the feedback received from the Directors on the performance of the Board and its Committees was also discussed. The Directors expressed their satisfaction with the evaluation process.
NOMINATION AND REMUNERATION POLICY:
The Company has in place a Nomination and Remuneration Policy for the Directors, KMP and other employees pursuant to the provisions of the Act and the Listing Regulations which is available on the website of the Company i.e.
INTERNAL FINANCIAL CONTROL SYSTEM AND THEIR ADEQUACY:
The Company has an adequate system of internal financial controls that is commensurate with the size, scale and nature of its operations. These have been designed to provide reasonable assurance with regard to recording and providing reliable financial and operational information, complying with applicable accounting standards, safeguarding its assets, preventing and detecting errors and fraud and timely preparation of reliable financial information.
AUDITORS:
I. Statutory Auditors
The shareholders at the 23
rd
Annual General Meeting held on August 21, 2025 approved the appointment of M/s. CNK & Associates LLP, Chartered Accountants (Firm registration No. 101961W), as the Statutory Auditor of the Company for a term of 5 (five) consecutive years, from the conclusion of 23
rd
AGM upto the conclusion of 28
th
AGM to be held in the year 2030. The Company has received the requisite consent and certificate of eligibility from M/s. CNK & Associates LLP, Chartered Accountants.
The Auditor's Report as received from M/s. CNK & Associates LLP on the financial statements of the Company for the Financial Year ended March 31, 2026, forms part of the Annual Report. The said report was issued by the Statutory Auditors with an unmodified opinion and does not contain any qualifications, reservations or adverse remarks.
During the year under review, the Auditors have not reported any fraud under Section 143(12) of the Act and therefore disclosure of details under Section 134(3) (ca) of the Act is not applicable. The Audit Committee periodically reviews the independence of Auditors through quarterly affirmations, review of non-audit services, internal checks and balances to mitigate conflict of interest, etc.
II. Cost Accounts and Cost Auditors
In terms of Section 148 of the Act read with the Companies (Cost Records and Audit) Rules, 2014, the
Company is required to maintain cost accounting records and have them audited every year. Your Company has made and maintained the cost accounts and records, as required. Accordingly, the Board at its meeting held on May 19, 2026, based on the recommendation of the Audit Committee, appointed M/s. Y. R. Doshi & Associates, Cost Accountants (Firm registration no. 000286), as the Cost Auditors of the Company to conduct an audit of the cost records for the Financial Year ending March 31,2027.
A remuneration of ' 4,00,000/- (Rupees Four Lakhs only) plus applicable taxes and out-of-pocket expenses has been fixed for the Cost Auditors, subject to the ratification of such fees by the Members at the forthcoming 24
th
AGM. Accordingly, the matter relating to ratification of the remuneration payable to the Cost Auditors for the Financial Year ending March 31, 2027, forms part of the Notice of the 24
th
AGM. The Company has received the requisite consent and certificate of eligibility from M/s. Y. R. Doshi & Associates, Cost Accountants.
During the year under review, the Cost Auditor has not reported any fraud under Section 143(12) of the Act and therefore disclosure of details under Section 134(3)(ca) of the Act is not applicable.
III. Secretarial Auditors
Pursuant to Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, read with Regulation 24A of the Listing Regulations, the shareholders at the 23
rd
Annual General Meeting held on August 21, 2025, approved the appointment of M/s. NKS & Co., Practising Company Secretaries, having Firm Registration No. - P2025MH105200 and Peer review No. 6708/2025, as the Secretarial Auditor of the Company for a term of 5 (five) consecutive years, from the conclusion of 23
rd
AGM upto the conclusion of 28
th
AGM. The Company has received the requisite consent and certificate of eligibility from M/s. NKS & Co., Practising Company Secretaries.
The Secretarial Audit Report issued by M/s. NKS & Co. on May 19, 2026, in form MR-3 for Financial Year 2025-26 is enclosed as "
Annexure I
" to this report. The Secretarial Audit Report does not contain any qualifications, reservations or adverse remarks.
During the year under review, the Secretarial Auditor has not reported any fraud under Section 143(12) of the Act and therefore disclosure of details under Section 134(3) (ca) of the Act is not applicable.
RISK MANAGEMENT:
Risk Management is an integral part of the Company's operations. The Company evaluates risks that can impact its strategic, operational, compliance and reporting objectives. Mechanisms for identification and prioritisation of risks include scanning the business environment and continuous monitoring of internal risk factors. Major risks identified by the Company's business and functions are systematically addressed through mitigating actions on a continuing basis. The Board of Directors of the Company has formed a (RMC) to frame, implement and monitor the risk management plan for the Company. The RMC is chaired by an Independent Director. The RMC closely monitors risk management efforts and provides insights for effective Risk Management across our operations. A detailed note on risk management is given under the financial review section of the Management Discussion and Analysis of this Annual Report.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:
Particulars of loans, guarantees and investments covered under Section 186 of the Act form part of the notes to the Standalone Ind AS financial statements provided in this Annual Report.
RELATED PARTY TRANSACTIONS ("RPTS"):
In line with the requirements of the Act and the Listing Regulations as amended from time to time, the Company has adopted a Policy on Related Party Transactions and the same is available on its website at
The Policy captures a framework for Related Party Transactions and intends to ensure that proper reporting, approval and disclosure processes are in place for all transactions with related parties.
All transactions with related parties are placed before the Audit Committee for its review and approval. Before the commencement of each Financial Year, an omnibus approval from the Audit Committee is obtained for related party transactions for such year, which are repetitive in nature, based on the approved criteria. The Audit Committee reviews all transactions entered into pursuant to the omnibus approvals so granted on a quarterly basis.
All transactions with related parties entered into during Financial Year 2025-26 were at arm's length basis and in the ordinary course of business and in accordance with the provisions of the Act and rules made thereunder, the Listing Regulations and the Company's Policy on Related Party
Transactions. Details of contracts/arrangements/ transactions with related parties which are required to be reported in Form No. AOC-2 in terms of Section 134(3)(h) read with Section 188 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014 are provided in "
Annexure V
" to this Report. Further, there were no material related party transactions in terms of the Listing Regulations requiring approval of the Members during the year under review. Details of the related party transactions are given in the notes of the standalone financial statements, setting out the disclosures on related party transactions for Financial Year 2025-26.
Pursuant to Regulation 23(9) of the Listing Regulations, your Company has filed the reports on related party transactions with the Stock Exchanges within statutory timelines.
CORPORATE SOCIAL RESPONSIBILITY:
The Company has developed a CSR framework in line with Section 135 of the Act read with Schedule VII thereto, which focuses on Education, Healthcare, Women Empowerment, Eradicating extreme hunger and poverty, etc.
The Board of Directors has constituted the Corporate Social Responsibility Policy of the Company and it is available on the website of the Company i.e.
i
The Report on Corporate Social Responsibility (CSR) including the constitution of the Corporate Social Responsibility Committee and activities undertaken during the Financial Year 2025-26 as per Rule 8 of the Companies (CSR Policy) Amendment Rules, 2021 is enclosed as "
Annexure II
" to this Report.
Further, the Chief Financial Officer of the Company has certified that CSR spends of the Company for Financial Year 2025-26 have been utilised for the purpose and in the manner approved by the Board of Directors of the Company.
ANNUAL RETURN:
Pursuant to Section 134(3)(a) of the Act, the draft annual return for Financial Year 2025-26 prepared in accordance with Section 92(3) of the Act is made available on the website of the Company
nts/
PARTICULARS OF EMPLOYEES & MANAGERIAL REMUNERATION:
The information required under Section 197 (12) of the Act read with Rule 5 (1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 is attached as "
Annexure III
" to this report.
The statement containing particulars of employees as required under Section 197 of the Act read with Rule 5 (2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, will be provided upon request. In terms of Section 136 of the Act, this Report and accounts are being sent to the members and others entitled thereto, excluding the information on particulars of employees which is available for inspection by members at the Registered Office of the Company during business hours on all working days. Members who are interested in obtaining these particulars may write to the Company Secretary at the Registered Office of the Company or send an email at
CORPORATE GOVERNANCE:
The Company is committed to maintaining the highest standards of Corporate Governance and continues to be compliant with the requirements of Corporate Governance as prescribed in the Listing Regulations. In compliance with Regulation 34 of the Listing Regulations and other applicable provisions of the Listing Regulations, a separate report on Corporate Governance, along with the Certificate of Compliance from the Secretarial Auditor, forms an integral part of this Annual Report.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
Pursuant to Regulation 34 read with Schedule V of the Listing Regulations, the Management Discussion and Analysis Report, capturing your Company's performance, industry trends and other material changes with respect to your Company and its subsidiaries, wherever applicable, is presented in a separate section forming an integral part of this Annual Report.
BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT (BRSR):
The Company has been conducting business in a sustainable manner and creating maximum value for all its stakeholders. BRSR for Financial Year 2025-26 in accordance with Regulation 34(2)(f) of the Listing Regulations forms an integral part of this Annual Report. The BRSR indicates the Company's performance against the principles of the 'National Guidelines on Responsible Business Conduct'.
WHISTLE BLOWER POLICY AND VIGIL MECHANISM:
In accordance with the provisions of Section 177 (9) of the Act and requirements of Regulation 22 of the Listing Regulations, your Company has a vigil mechanism which has been incorporated in the Whistle Blower Policy for Directors and Employees to report genuine concerns about unethical behaviour, actual or suspected fraud or violation of the Code for Prevention of Insider Trading. The Whistle Blower Policy is uploaded on the website of your Company at
PREVENTION OF SEXUAL HARASSMENT:
The Company has zero tolerance towards sexual harassment at workplace and has adopted a policy on Prevention of Sexual Harassment, in line with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the Rules thereunder. The Policy aims to provide protection to the employees at the workplace and prevent and redress complaints of sexual harassment and for matters connected or incidental thereto. A separate Internal Complaints Committee has also been set up to redress complaints received on sexual harassment at the head office as well as at all plant locations. The Committee conducts sensitisation workshops to inform the employees about their rights with respect to sexual harassment of women at workplace. The Company has not received any complaint of sexual harassment during the Financial Year 2025-26.
The following is a summary of Sexual Harassment complaint(s) received and disposed of during the Financial Year 2025-26, pursuant to the POSH Act and Rules framed thereunder:
|
Particulars
|
Number
|
|
is Number of complaint(s) of Sexual Harassment filed during Financial Year 2025-26
|
Nil
|
|
Y
Number of complaint(s) disposed of during Financial Year 2025-26
|
Not Applicable
|
|
e Number of cases pending for more than 90 days (stipulated timeline under POSH)
|
Not Applicable
|
DISCLOSURE OF MATERNITY BENEFIT COMPLIANCE
During the year under review, the Company has complied with the provisions of the Maternity Benefit Act, 1961, as amended from time to time.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:
The information pertaining to conservation of energy, technology absorption, foreign exchange earnings and outgo as required under Section 134 (3) (m) of the Act read with Rule 8 (3) of the Companies (Accounts) Rules, 2014 is furnished in "
Annexure IV
" to this report.
MATERIAL CHANGES AND COMMITMENTS, IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY, OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THESE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:
There are no material changes and commitments affecting the financial position of the Company that occurred between the end of the Financial Year to which these financial statements relate and the date of the report other than those mentioned under any section of this Annual Report.
DEPOSITS FROM PUBLIC:
The Company has not accepted any deposits from the public, and as such, no amount on account of principal or interest on deposits from the public was outstanding as on the date of the balance sheet.
SECRETARIAL STANDARDS:
During the year under review, the Company has complied with all the applicable provisions of Secretarial Standard - 1 and Secretarial Standard - 2 issued by the Institute of Company Secretaries of India and notified by the Ministry of Corporate Affairs.
SIGNIFICANT OR MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS, WHICH WOULD IMPACT THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE:
During the year under review, there were no significant/ material orders passed by the regulators or courts or tribunals impacting the going concern status of your Company and its operations in future.
OTHER DISCLOSURES:
•
There are no proceedings made or pending under the Insolvency and Bankruptcy Code, 2016 and there are no instances of one-time settlement with any Bank or Financial Institution, during the year under review.
•
The Company has not issued shares with differential voting rights and sweat equity shares during the year under review.
ACKNOWLEDGEMENTS:
The Board of Directors thank for the continued support and co-operation by customers, vendors, investors, bankers, government and regulatory authorities and stock exchanges during the year under review. The Board of Directors wish to place on record its deep sense of appreciation for the committed services by all the employees of the Company.
|
For and on behalf of the Board of Directors
Fine Organic Industries Limited
|
Mukesh Shah
|
|
Date: May 19, 2026
|
Chairman
|
|
Place: Mumbai
|
DIN: 00106799
|
|