Fine Organic Industries has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to stock exchanges, providing a comprehensive overview of its environmental, social, and governance performance. The filing, dated July 27, 2026, was made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and forms part of the company’s Annual Report for FY26. The report highlights key operational metrics, including an export contribution of 54.64% to total turnover and a sustainable sourcing rate of 86.81% for raw materials.

The submission was signed by Pooja Lohor, Company Secretary and Compliance Officer, affirming compliance with regulatory disclosure norms. The BRSR covers the company’s operations across multiple jurisdictions, including subsidiaries in the USA, Europe, Thailand, and the Middle East, as well as joint ventures in India and Thailand. While these entities are fully owned or partially held by Fine Organic Industries, the report notes that they do not currently participate in the listed entity’s specific business responsibility initiatives. The full report is available on the company’s investor relations website.

Operational and Environmental Highlights

Fine Organic Industries manufactures specialty performance additives used in sectors such as food and feed nutrition, coatings, rubber, plastics, and cosmetics. The company reported that 86.81% of its inputs were sourced sustainably during FY26. In terms of waste management, the company has implemented Zero Liquid Discharge (ZLD) protocols at six of its seven manufacturing facilities and its R&D center. The remaining unit, located in Badlapur, discharges treated effluents to a Common Effluent Treatment Plant due to site-specific limitations.

The company also disclosed recycling 221 units of batteries in FY26, up from 131 units in the previous year. Hazardous waste, including ETP sludge and waste oil, is sent to designated Treatment, Storage, and Disposal Facilities (TSDF). All manufacturing sites adhere to Extended Producer Responsibility (EPR) guidelines for plastic packaging waste.

Governance and Social Metrics

On the social front, Fine Organic Industries reported that women constitute 10% of its Board of Directors and 28.57% of Key Management Personnel. The company maintains an equal opportunity policy and ensures accessibility for differently abled employees through infrastructure such as elevators and wheelchair facilities. No recognized employee unions exist within the organization, though the company notes a long-standing relationship with its workforce, with 9.63% of employees having served for 25 years or more.

The company’s CSR activities include spending ₹55,00,000 in Kupwara, Jammu and Kashmir, and ₹50,00,000 in Barwani, Madhya Pradesh, both designated aspirational districts. Additionally, approximately 60.05% of total product procurement by value is sourced domestically, supporting local vendors in alignment with national initiatives like ‘Make in India’. The report confirms no instances of data breaches or product recalls during the fiscal year.

Fine Organic Industries has scheduled its 24th Annual General Meeting (AGM) for Tuesday, August 18, 2026, to seek shareholder approval for a final dividend of ₹11 per equity share for FY26 and significant remuneration revisions for five key executives. The meeting will also approve the appointment of Shailendra Nadkarni as a Non-Executive Independent Director and the re-appointment of Nikhil Kamat by rotation. These resolutions aim to align executive compensation with industry benchmarks while ensuring robust governance through fresh board appointments.

The company dispatched the AGM notice and Annual Report on July 27, 2026, complying with Regulation 30 and Regulation 47 of the SEBI Listing Regulations, 2015. Pooja Lohor, Company Secretary and Compliance Officer, signed the submission to BSE Limited and National Stock Exchange of India Limited. The filing references Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014, mandating electronic voting facilities for all shareholders.

Key Dates and Dividend Details

Shareholders must note specific deadlines for voting and dividend entitlement. The record date for the final dividend is Friday, July 31, 2026. If approved, the dividend will be paid electronically from the sixth day after the AGM concludes. Members without updated bank details will receive warrants or demand drafts, though SEBI mandates electronic payments only for listed entities.

Board Appointments and Remuneration Revisions

The AGM agenda includes special resolutions to revise the maximum monthly salary limits for four Whole-Time Directors and one Managing Director, effective April 01, 2026. Mukesh Shah (Chairman), Jayen Shah (Managing Director), Tushar Shah (CEO), and Bimal Shah (Whole-Time Director) each seek an increase in their upper salary limit from ₹50,00,000 to ₹75,00,000 per month. Nikhil Kamat (Whole-Time Director) seeks an increase from ₹30,00,000 to ₹40,00,000 per month. These revisions are subject to performance evaluation and remain within Section 197 limits of the Companies Act, 2013.

Additionally, shareholders will appoint Shailendra Nadkarni as a Non-Executive Independent Director for a five-year term ending May 18, 2031. Nadkarni, a former Executive Director of IDBI Bank with over 31 years of experience in corporate banking and risk management, was initially appointed as an Additional Director on May 19, 2026. Nikhil Kamat, who retires by rotation, offers himself for re-appointment.

Cost Auditor Ratification

The Board also seeks ratification of the remuneration payable to M/s. Y. R. Doshi & Associates, Cost Accountants, for conducting the cost audit for FY27. The proposed fee is ₹4,00,000 excluding taxes and out-of-pocket expenses, based on the Audit Committee’s recommendation.

Voting Process and Scrutiny

KFin Technologies Limited facilitates remote e-voting and on-site electronic voting via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Only members holding shares as of the cut-off date, Tuesday, August 11, 2026, are eligible to vote. M/s. K S & Associates, Practising Company Secretaries, have been appointed as Scrutinizer to ensure a fair process. Results will be declared within two working days of the AGM’s conclusion.

What the Numbers Show

The proposed salary caps represent a 50% increase for four senior executives and a 33% increase for Nikhil Kamat, reflecting the Board’s view that previous limits were inadequate for the current scale of operations. This move coincides with the appointment of an independent director with deep banking expertise, suggesting a strategic focus on strengthening financial oversight and governance structures alongside executive compensation adjustments.