Fine Organic Industries Limited , a prominent player in the specialty chemicals sector, announced a significant change in its board composition. Ms. Pratima Umarji, an Independent Director of the company, has stepped down from her position, citing ongoing health concerns.

Key Details of the Resignation

• Member of Nomination and Remuneration Committee |

Impact on Board Composition

Despite the change in board structure following Ms. Umarji's resignation, Fine Organic Industries has assured stakeholders that the Board remains duly constituted in accordance with Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

In line with regulatory requirements, Fine Organic Industries has promptly disclosed this development to the stock exchanges. The company has submitted the necessary information as mandated by SEBI regulations, including:

1. The detailed reasons for the resignation
2. Confirmation from Ms. Umarji that there were no material reasons for her resignation other than the stated health concerns
3. Information about her directorships in other listed entities and board committee memberships (reported as nil)

Company's Response

Fine Organic Industries acknowledged Ms. Umarji's contribution to the company. The resignation letter and related details have been made available on the company's website ( https://www.fineorganics.com/ ) for transparency and in compliance with regulatory norms.

This development underscores the importance of corporate governance and the need for timely disclosure of significant changes in board composition. Stakeholders and investors will likely be watching closely to see how Fine Organic Industries manages this transition and maintains the effectiveness of its board committees in the wake of Ms. Umarji's departure.

Fine Organic Industries Limited has made a significant move to bolster its presence in the specialty chemicals sector. The company announced a substantial investment of Rs. 65.00 crore in its wholly owned subsidiary, Fine Organic Industries (SEZ) Private Limited, marking a strategic step towards expanding its manufacturing capabilities.

Investment Details

The investment was executed through the subscription of 6.50 crore non-convertible, non-cumulative, non-participating, redeemable preference shares (NCCPRPS) at Rs. 10.00 per share. This transaction, completed on August 14, 2025, was carried out via cash consideration, maintaining Fine Organic Industries Limited's 100% shareholding in the subsidiary.

Purpose and Strategic Implications

The primary objective of this investment is to support the subsidiary in establishing a manufacturing unit dedicated to the specialty chemicals business. This move aligns with Fine Organic Industries' strategy to strengthen its position in the growing specialty chemicals market.

Subsidiary Overview

Fine Organic Industries (SEZ) Private Limited, incorporated on October 10, 2023, is a relatively new entity in the Fine Organic Industries portfolio. The subsidiary, which has not yet commenced operations, is poised to play a crucial role in the company's expansion plans within the specialty chemicals sector.

Regulatory Compliance

The company has duly informed the stock exchanges about this investment, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and the market are well-informed about the company's strategic moves.

Future Outlook

While the subsidiary is yet to begin operations, this substantial investment signals Fine Organic Industries' commitment to growth and expansion in the specialty chemicals domain. The development of a new manufacturing unit is expected to enhance the company's production capabilities and potentially open up new market opportunities.

As Fine Organic Industries Limited takes this significant step, stakeholders will be keenly watching how this investment translates into operational and financial outcomes in the coming years. The specialty chemicals sector, known for its high-value products and diverse applications, could offer promising growth prospects for the company.