Fine Organic Industries has notified the stock exchanges of an upcoming Board of Directors meeting scheduled for Tuesday, May 19, 2026. The intimation was filed pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated via a letter dated May 5, 2026, signed by Company Secretary and Compliance Officer Pooja Lohor.

Board Meeting Agenda

The Board meeting has been convened to address two key items. The following table outlines the agenda for the scheduled meeting:

Trading Window Closure

In connection with the board meeting, Fine Organic Industries has also communicated the status of its Trading Window. Pursuant to the company's Internal Code of Conduct for Prevention of Insider Trading, read with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in equity shares of the company will remain closed from Wednesday, April 1, 2026 to Thursday, May 21, 2026, both days inclusive. This closure was originally communicated through a letter dated March 26, 2026.

Key Details at a Glance

The company has requested both BSE Limited and the National Stock Exchange of India Limited to disseminate the above information on their respective websites, in line with applicable disclosure requirements.

Fine Organic Industries Limited has received an income tax assessment order for Assessment Year 2022-23, resulting in a demand of Rs 56,05,773 from the Income Tax Department. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on April 28, 2026.

Assessment Order Details

The assessment order was passed by the Assessment Unit of the Income Tax Department under Section 271(1)(c) of the Income Tax Act, 1961. The company received the order on March 10, 2026, but disclosed it later due to time taken in analyzing the significance and maintainability of the notice.

Company's Response and Impact

Fine Organic Industries has filed an appeal against the assessment order. The company has clarified that there is no material impact on its financials, operations, or other activities due to this order. This suggests that the company views the demand as contestable and expects to resolve the matter through the appellate process.

Disclosure Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company acknowledged that the delay in disclosure occurred due to time spent analyzing the significance and maintainability of the notice, describing it as purely inadvertent and unintentional.

Regulatory Context

Section 271(1)(c) of the Income Tax Act, 1961, typically relates to penalties for concealment of income or furnishing inaccurate particulars. The assessment pertains to Assessment Year 2022-23, indicating the tax authorities' scrutiny of the company's tax filings for that period. With the company filing an appeal, the matter will now proceed through the income tax appellate process.