Interim report
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Fine Organic Industries Limited Regd. Office Fine House, Anandji Street, Off M. G. Road, Ghatkopar East, Mumbai 400 077, India. ON : L24119MH2002PLC136003 Tel : + 91-22-2102 5000 Fax : + 91-22-2102 8899 / 2102 6666 Email : info@fineorganics.com Web: www.fineorganics.com Date: November 7, 2025 FINE ORGANICS To BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai - 400 001 To National Stock Exchange of India Limited Plot No. C/1, "6" Block, Exchange Plaza Bandra Kuria Complex, Bandra (East) Mumbai - 400 051 Security Code: 541557 Dear Sir/Madam, Sub: Outcome of Board Meeting Symbol: FINEORG We wish to inform you that the Board of Directors of the Company, at its meeting held today i.e. November 7, 2025, has, inter alia considered and approved the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2025. A copy each of the above Unaudited Financial Results as reviewed by the Audit Committee and approved by the Board is enclosed for your information and record. Further, pursuant to Regulation 33(3)(c)(i) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are also forwarding a copy of the `Limited Review Report', as received from our Statutory Auditors, M/s. CNK & Associates LLP, Chartered Accountants on the above Financial Results. The above results are also being uploaded on the Company's website at https://www.fineorganics.com/. The Board meeting commenced at 12-.30 pm and concluded at '37.-z10 p Yrl . You are requested to kindly take the same on your records. Thanking You, For Fine Organic Industries Limited Pooja Lohor Company Secretary and Compliance Officer Membership No. A28397 Encl: as stated
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CNK & Associates LLP Chartered Accountants Independent Auditor's Review Report on Quarterly and Year To Date Unaudited Standalone Financial Results of Fine Organic Industries Limited (the "Company") pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Fine Organic Industries Limited 1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of Fine Organic Industries Limited (the "Company") for the quarter ended September 30, 2025, and year to date results for the period from April 1, 2025 to September 30, 2025 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended), including relevant circulars issued by the SEBI from time to time (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" (IND AS 34), prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder as amended from time to time and other accounting principles generally accepted in India and in compliance with the presentation and disclosure requirement of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain limited assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the applicable Indian Accounting Standards and other recognized accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatem V 1 4 U '01 AcCP Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 6623 0600 501-502, Narain Chambers, M.G. Road, Vile Park Mumbai 400 057. Tel: +91 22 6250 7600 Website: www.cn.kindia.coM MUMBAI CHENNAI I VADODARA I AHMEDABAD I GIFT CITY I BENGALURU DELHI I PUNE I KOLKATA I DUBAI I ABU DHABI
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CNK & Associates LLP Chartered Accountants Other Matter The standalone financial results of the Company for the quarter ended June 30, 2025, quarter and half-year ended September 30, 2024, and previous year ended March 31, 2025, were reviewed/audited by the predecessor auditor. The predecessor auditor has expressed an unmodified conclusion/opinion vide their reports dated August 8, 2025, November 8, 2024, and May 8, 2025, respectively, on the respective reviewed/audited standalone financial results/statements. •ew matter. Our re For C NI Chartere' Firm R g s report is not modified Associates noun ants on No. 101961W/W100036 in respect LLP to this S0C147.ed, ~Vlanish ampat Partner c..,* MUMBAI * Membership No. 10168 cl UDIN: 25 101 gs togyym cl, 33 t l f_::-:-- LI- v,--1.6 Place: Mumbai Date: November 7, 2025 Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 6623 0600 501-502, Narain Chambers, M.G. Road, Vile Parle (E), Mumbai 400 057. Tel: +91 22 6250 7600 Website: www.cnkindia.com MUMBAI I CHENNAI I VADODARA I AHMEDABAD I GIFT CITY I BENGALURU I DELHI I PUNE I KOLKATA I DUBAI I ABU DHABI
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Fine Organic Industries Limited Regd. Office Fine House, Anandji Street, Off M. G. Road, Ghatkopar East, Mumbai 400 077, India. CIN : L24119MH2002PLC136003 Tel : + 91-22-2102 5000 Fax : + 91-22-2102 8899 / 2102 6666 Email : info@fineorganics.com Web: www.fineorganics.com 0110C4ip oo MUMBAI /- FINE ORGANICS A. Unaudited Standalone Statement of Asset and Liabilities as at September 30, 2025 INR in Lakhs Particulars Mat Sept 30, 2025 M at Mar 31, 2025 Unaudited Audited ASSETS A) Non Current Assets Property, Plant and Equipment 24,719.08 24,975.21 Capital work-in-progress 3,120.66 2,677.12 Intangible Assets 186.71 217.45 Right of use assets 666.05 241.67 Financial Assets - Investments 25,514.03 18,052.74 - Loans 80.96 89.97 - Others 13,401.92 21,334.42 Deferred tax assets (Net) 1,673.74 1,535.68 Other Non-current Assets 3,808.67 3,480.84 Total Non Current Assets (A) 73,171.82 72,605.10 B) Current Assets Inventories 29,512.16 27,515.12 Financial Assets - Trade Receivables 35,551.71 36,783.65 - Cash and Cash Equivalents 6,438.37 13,021.34 - Other Bank Balances 89,538.93 76,079.42 - Loans 55.82 62.87 - Others 228.29 154.04 Current Tax Assets (Net) 1,040.81 971.16 Other Current Assets 16,869.87 14,558.90 Total Current Assets (0) 1,79,235.96 1,69,146.50 Total Assets (A + B) 2 52 407.78 2 41 751.60 EQUITY AND LIABILITIES A) Equity Equity Share Capital 1,533.00 1,533.00 Other Equity 2,34,495.39 2,20,261.97 Total Equity (A) 2,36,028.39 2,21,794.97 Liabil:Ces B) Non Current Liabilities Financial Liabilities - Lease Liability 360.31 88.06 Total Non Current Liabilities (E.) 260.31 85.06 CI Current Liabilities Financial Liabilities - Lease Liability 338.47 177.40 - Trade Payables (a) Total outstanding dues cf micro enterprises and small enterprises (b) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,912.40 8,485.85 1,978.78 13,290.16 - Others 226.01 231.04 Other current liabilities 1,182.36 755.50 Provisions 3,341.54 2,903.24 Curmnt tax :?abilities (Net) 532.45 .S32.45 Total Current liabilities (C) 16,011.08 19,868.57 Total Equity and Liabilities (A + C + C) 2C 52t 407 78 4- 2Z11 753.60 Previous year's figures have been regrouped and / or rearranged whertvier conside .d ecessary. 1o:. id on b calf •f the Bazad o; Directors Place : Mumbai Date : November 7, 2025 0 \c, 1ND MUMBAI rn co Jay Shah Ma aging Dime Dirk.0010
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Fine Organic Industries Limited Regd. Office Fine House, Anandji Street, Off M. G. Road, Ghatkopar East, Mumbai 400 077, India. CIN : L24119MH2002PLC136003 Tel : + 91-22-2102 5000 Fax : + 91-22-2102 8899 / 2102 6666 Email : info@fineorganics.com Web: www.fineorganics.com FINE ORGANICS Statement of Unaudited Standalone Financial Results for the Quarter ended and Six Months ended September 30, 2025 INR In Lakhs Particulars Quarter ended Slx Months Period ended Year ended Sept 30, 2025 Jun 30, 2025 Sept 30, 2024 Sept 30, 2025 Sept 30, 2C24 Mar 31, 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Aud:ted income Revenue from Operations 57,192.52. 55,914.62 59,548.16 1,13,107.14 1,10,380.94 2,20,519.45 Other Income 3,391.93 2,590.20 2,170.73 5,982.13 4,581.82 9,662.76 Total Income 60,584.45 58,504.82 61,718.89 1,19,089.27 1,14,962.76 2,30,182.21 Expenses Cost of Materials Consumed 35,453.95 35,869.06 35,763.95 71,323.01 66,233.53 1,36,312.79 Purchases of Stock-in Trade 272.67 208.54 - 481.21 - 329.82 Changes in Inventories of Finished Goods, Work in Progress and Stock in Trade 595.26 (1,280.40) (361.58) (685.14) (1,469.69) (3,458.40) Employee Benefit Expenses 3,499.61 3,771.42 3,023.75 7,271.03 6,282.60 12,857.69 Finance Costs 39.33 50.61 40.52 89.94 79.31 169.02 Depreciation and Amortisation Expenses 1,227.59 1,125.60 1,251.24 2,353.19 2,431.51 5,137.84 Other Expenses 6,544.98 6,620.12 6,817.29 13,165.10 12,840.36 26,369.04 Total Expenses 47,633.39 46,364.95 46,535.17 93:998.34 86,397.62 1,77,717.80 Profit Before Exceptional Items 12,951.06 12,139.87 15,183.72 25,050.93 28,565.14 52,464.43. Excepticnal Items (refer note 3) - 698.40 - 698.40 - - Profit Before Tax 12,951.06 12,838.27 15,183.72 25,789.33 28,565.14 52,464.41 Tax Expenses Current Tax 3,360.00 3,340.00 3,950.00 6,700.00 7,440.00 13,652.55 Deferred Tax Charge / (Credit) 56.26 213.74 (77.69) 270.00 (86.20) (154.39) Net Profit/(Loss) for the period/year 9,534.80 9,284.53 11,311.41 18,819.33 21,211.34 38,966.25 Other Comprehensive Income Items that will not be subsequently reclassified to Profit or Loss income Tax relating to Items that will not be subsequently reclassified to Profit or Loss 0.24 (0.07) (78.03) 19.64 (30.18) 6.43 (77.79) 19.57 (83.24) 19.78 (118.46) 29.81 Items that will be subsequently reclassified to Profit or Loss (835.32) (708.26) - (1,543.58) - (194.48) Income Tax relating to Items that will be subsequently reclassified to Profit or Loss 210.24 178.25 - 388.49 - 48.95 Total Other Comprehensive Income (624.91) (588.40) (23.75) (1,213.31) (63.46) (234.18) Total Comprehensive Income for the period/year 8,909.89 8,696.13 11,287.66 17,606.02 21,147.88 33,732.07 Earnings per equity share (Face Value of INR 5/- each) i) Basic (in INR) (not annualised for the quarter) 31.10 30.28 36.89 61.38 69.18 127.O ii) Diluted (in INR) (not annualised for the quarter) 31.10 30.28 36.89 61.38 69.18 127.09 Paid up Equity Share Capital, Equity shares FV of INR 5/- each 1,533.00 1,533.00 1,533.00 1,533.00 1,533.00 1.533.00 Other Equity excluding Revaluation Reserves 2,20,261.97 rr 0 iND MUMBAI rn 0)
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Fine Organic Industries Limited Regd. Office Fine House, Anandji Street, Off M. G. Road, Ghatkopar East, Mumbai 400 077, India. CIN : L24119MH2002PLC136003 Tel : + 91-22-2102 5000 Fax : + 91-22-2102 8899 / 2102 6666 Email : info@fineorganics.com Web: www.fineorganics.com FINE ORGANICS Notes to the unaudited standalone financial results for the quarter ended and six months ended September 3C, 2025: (1) The above unaudited standalone results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in its meeting held on November 7, 2025. The Statutory Auditors have issued an unmodified limited review report on these unaudited standalone financial results. (2) The Board of Directors had recommended final dividend on equity shares at the rate of INR 11/- each per share (Face value INR 5/- each) for the year ended March 31, 2025 in its meeting held on May 8, 2025. Subsequently it was approved by the the shareholders at the Annual General Meeting held on August 21, 2025 and the same was paid on August 26, 2025. (3) On January 18, 2024, a fire incident occurred at a plant adjacent to the Company's manufacturing facility resulting in damage to Property, Plant & Equipment, Inventories and temporary disruption of operations until November, 2024. During the current half year, the insurance company has accepted and paid the claim of INR 698.40 lakhs as full and final settlement for business Interruption and same has been disclosed as an exceptional item for the respective period. As on date, the Company is In the process of assessing and finalizing its claim for loss on Property, Plant and Equipment and Inventories. Against this, the Company has received an interim payment of INR 180 lakhs to date. (4) As per IND AS -108 "Operating Segments", the Company's business activity falls within a single primary business segment viz. "Manufacturing of Specialty Chemicals". (5) The unaudited standalone financial results of the Company for the quarter ended June 30, 2025, quarter and half-year ended September 30, 2024, and previous year ended March 31, 2025, were reviewed/audited by the predecessor auditor. The predecessor auditor has expressed unmodified conclusion/opinion vide their reports dated August 8, 2025, November 8, 2024, and May 8, 2025, respectively, on the respective reviewed/audited standalone financial results. (6) The figures for the quarter ended September 30, 2025/September 30, 2024 represent balancing figures between the unaudited year to date figures upto September 30, 2025/September 30, 2024 and the unaudited figures for the quarter ended June 30, 2025/June 30, 2024. (7) Previous year's/period's figures have been regrouped and / or rearranged wherever considered necessary. Place : Mumbai Date : November 7, 2025 zc, IND cc 0 MUMBAI ci) Fcr and bn behalf of oard of Directors Jaye Shah Ma agimlatte:Zen DI 00166919
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CJ Fine Organic Industries Limited Regd. Office Fine House, Anandji Street, Off M. G. Road, Ghatkopar East, Mumbai 400 077, India. CIN : L24119MH2002PLC136003 Tel : + 91-22-2102 5000 Fax : + 91-22-2102 8899 / 2102 6666 Email : info@fineorganics.com Web: www.fineorganics.com SOCkp C_ \1\ MUMBAI Unaudited Standalone Statement of Cash Flow for the period ended September 30, 2025 FINE ORGANICS INR in Lakhs Particulars For the Period Ended For the Period Ended Sept 30, 2025 Sept 30, 2024 Unaudited Unaudited Net Profit Before Tax 2.5,789.33 28,565.14 Al Cash fl ows from operating activities Adjustments for: Depreciation and amortisation expenses 2,353.19 2,410.91 Interest Income (4,088.92) (3,488.46) (Profit)/Loss on sale of Property, plant and equipment (net) (10.90) 5.74 Finance Cost including interest on lease liabilities 89.94 79.31 Net loss /(Gain) on Foreign Exchange Fluctuations (1,565.46) (1,016.06) Expected Credit Loss Provisions / (Reversal) - 75.76 Other non -cash adjustments (290.33) (45.02) Operating profit before working capital movements 22,276.85 26,587.32 Movement in working capital: Decrease / (Increase) in Inventories (1,997.04) (3,774.72) Decrease / (Increase) in Trade and Other Receivables (1,172.79) (13,510.96) (Decrease) / Increase in Trade and Other Payables (4,057.68) 4,316.13 (7,227.51) (12,969.55) Cash generated from operations 15,049.34 13,617.77 Income Tax Paid (6,791.19) (7,275.23) Net cash flows from operating activities (A) 8,258.15 6,342.54 B) Cash fl ows (used in) / generated from investing activities Payment for Purchase of property, plant and equipment, intangible assets including CWIP and Capital advances (2,732.20) (1,743.64) Proceeds from sale of property, plant and equipment 36.72 2.26 Amount(invested)/ matured in Bank Fixed Deposits (5,572.03) (8,710.69) Interest Income received 4,504.52 2,367.84 Investment in Joint Ventures and subsidiary Company (7,461.29) (6,500.00) Proceeds from sale of investments 0.25 Net Cash Flows Used In Investing Activities (B) (11,224.28) (14,583.98) C) Cash fl ows (used in) / generated from financing activities Dividend Paid (3,372.14) (3,065.95) Interest and Finance Charges paid (63.82) (64.22) Employee Loans (given) (20.61) (43.43) Employee Loans recovered 35.53 37.33 Repayments of lease liabilities (including interest thereon) (195.80) (103.61) Net Cash Flows Used In Financing Activities (C) (3,616.84) (3,239.88) Net increase / (decrease) in cash and cash equivalents (A+B+C) (6,582.97) (11,481.32) Cash and cash equivalents at the beginning of the period 13,02124 60,754.80 Cash and cash equivalents at end of the period' 6,433.37 49,273.43 Components of cash and cash equivalents : Balances with banks : In Current Account 5,643.00 2,639.95 In Exchange Earning Foreign Currency Account 561.61 405.32 In Fixed Deposit Account 225.59 46,171.36 Cash on hand 8.17 6.85 6,438.37 49 273.48 * Includes a gzIrl of INR 3.52 lakhs on the EEFC accounts as of Sept 30, 2025 (loss of INR 3.98 lakhs as of Mar 31, 2025) Previous year's figures have been regrouped and / or rearranged wherever considered necessary. \C., IND . For and o ehalf o h Board of Directors ,....‘r ...A_.... 7 4_, tA MUMBAI irti ' i ... Jayen 5ha Place : Mumbal ® CO Managing i r ff- — Date : November 7, 2025 ‘..0 DIN:0010 19
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CNK & Associates LLP Chartered Accountants Independent Auditor's Review Report on the Quarterly and Year To Date Unaudited Consolidated Financial Results of Fine Organic Industries Limited ("the Holding Company") pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Fine Organic Industries Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Fine Organic Industries Limited ("the Holding Company"), which includes its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), and joint ventures for the quarter ended September 30, 2025, and year to date results for the period from April 1, 2025 to September 30, 2025 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" (IND AS 34), prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder as amended from time to time and other accounting principles generally accepted in India and in compliance with the presentation and disclosure requirements of Regulation 33 of Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain limited assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. U Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 6623 0600 501-502, Narain Chambers, M.G. Road, Vile Parle (E), Mumbai 400 057. Tel: +91 22 6250 7600 Website: wwwcnkindia.com MUMBAI I CHENNAI I VADODARA I AHMEDABAD I GIFT CITY I BENGALURU I DELHI I PUNE I KOLKATA I DUBAI I ABU DHABI
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CNK & Associates LLP Chartered Accountants We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: Sr. No. Name of the Entity Relation 1 Fine Organic Industries Limited Holding Company 2 Fine Organic Industries (SEZ) Private Limited Wholly Owned Subsidiary 3 Fine Organics (USA), Inc. Wholly Owned Subsidiary 4 Fine Organics Americas LLC* Wholly Owned Subsidiary 5 Fine Organics Europe BV Wholly Owned Subsidiary 6 Fine Zeelandia Private Limited Joint Venture 7 Fine Organic Industries (Thailand) Co. Limited Joint Venture *(Incorporated on May 12, 2025) 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the considerations referred to in the Other Matters paragraph below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('IND AS') and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms with the requirement of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Other Matters 6. The accompanying statement includes the unaudited interim financial results and other unaudited financial information in respect of which: a) We did not review the interim financial information of four (4) subsidiaries included in the Statement, whose financial information reflects total assets (before consolidation adjustments) of INR 54,049 Lakhs as at September 30, 2025, total revenues (before consolidation adjustments) of INR 9,532 Lakhs and INR 21,016 Lakhs, total net profit after tax (before consolidation adjustments) of INR 1,584 Lakhs and INR 3,725 Lakhs, total comprehensive income (before consolidation adjustments) of INR 1,584 Lakhs and INR 3,725 Lakhs, for the quarter and year-to-date period ended on September 30, 2025, respectively, and net cash inflows (before consolidation adjustments) of INR 9,428 Lakhs for the period from April 1, 2025, to September 30, 2025, as considered in the Statement. These unaudited interim financial information have been certified by the respective entity's management and have been furnished to us by the management of the Company, 50 1:7o Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 501-502, Narain Chambers, M.G. Road, Vile Park (E), Mumbai 400 057. Tel: +91 22 6250 7600 Website: www.cnkindia.com MUMBAI I CHENNAI I VADODARA I AHMEDABAD I GIFT CITY I BENGALURU I DELHI I PUNE I KOLKATA I DUBAI I ABU DHABI
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CNK & Associates LLP Chartered Accountants and our conclusion in so far as it relates to the amounts and disclosures included in respect of these entities is based solely on the management certified financial information of these subsidiaries. b) We did not review the interim financial information of two (2) joint ventures included in the Statement, whose financial information reflects the Group's share in net loss after tax (before consolidation adjustments) of INR 104 Lakhs and INR 176 Lakhs, and total comprehensive loss (before consolidation adjustments) of INR 104 Lakhs and INR 176 Lakhs, for the quarter and year-to-date period ended on September 30, 2025, respectively. These unaudited interim financial information have been certified by the respective entity's management and have been furnished to us by the management of the Holding Company, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these entities is based solely on the management certified financial information of these joint ventures. 7. The consolidated financial results of the Holding Company for the quarter ended June 30, 2025, quarter and half-year ended September 30, 2024, and previous year ended March 31, 2025, were reviewed/audited by the predecessor auditor. The predecessor auditor has expressed unmodified conclusion/opinion vide their reports dated August 8, 2025, November 8, 2024, and May 8, 2025, respectively, on the respective reviewed/audited consolidated financial results/ statements. Our review report is not modified in respect to these matters. For K & Associates LLP Charte )ountants Firm R 'n No. 101961W W100036 Manish. Sampat Partner Membership No. 101684 Erb A UDIN: 26\ Ok 4 4aLksatiVM LI'S `Tait ‘- 5 Place: Mumbai Date: November 7, 2025 Mistry Bhavan, 3rd Floor, Dinshaw Vachha Road, Churchgate, Mumbai 400 020. Tel: +91 22 6623 0600 501-502, Narain Chambers, M.G. Road, Vile Parle (E), Mumbai 400 057. Tel: +91 22 6250 7600 Website: wwwcnkindia.com AoMBAI I CHENNAI I VADODARA I AHMEDABAD I GIFT CITY I BENGALURU I DELHI I PUNE I KOLKATA I DUBAI I ABU DHABI
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Fine Organic Industries Limited Regd. Office Fine House, Anandji Street, Off M. G. Road, Ghatkopar East, Mumbai 400 077, India. ON : L24119MH2002PLC136003 Tel : + 91-22-2102 5000 Fax : + 91-22-2102 8899 / 2102 6666 Email : info@fineorganics.com Web: www.fineorganics.com A. Unaudited Consolidated Statement of Asset and Liabilities as at September 30, 2025 Particulars As at Sept 30, 2025 M at Mar 31, 2025 Unaudited Audited ASSETS A) Non Current Assets Property, Plant and Equipment 36,408.67 35,831.38 Capital work-in-progress 3,552.89 2,717.34 Intangible Assets 212.64 255.38 Right of use assets 680.24 255.55 Financial Assets - Investments 3,351.28 3,527.15 - Loans 80.96 89.97 - Others 14,137.74 21,902.08 Deferred tax assets (Net) 1,683.35 1,530.35 Other Non-current Assets 3,944.43 3,621.70 Total Non Current Assets (A) 64,052.20 69,730.90 B) Current Assets Inventories 39,939.96 36,291.50 Financial Assets -Trade Receivables 27,293.74 33,341.81 - Cash and Cash Equivalents 21,438.78 18,915.46 - Other Bank Balances 94,876.70 76,079.42 - Loans 55.82 62.87 - Others 233.00 154.04 Current Tax Assets (Net) 1,065.29 1,085.69 Other Current Assets 17,083.74 14,709.35 Total Current Assets (B) 2,01,987.03 1,80,640.14 Total Assets (A + B) 2,66,039.23 2,50,371.04 EQUITY AND LIABILITIES A) Equity Equity Share Capital 1,533.00 1,533.00 Other Equity 2,46,189.57 2,27,990.04 Total Equity (A) 2,47,722.57 2,29,523.04 Liabilities ii )14on Current Liabilities Financial Liabilities - Borrowings 924.24 - - Lease Liability 374.22 102.12 Total Non Current Liabilities (B) 1,298.46 102.12 C) Current Liabilities Financial Liabilities - Lease Liability 338.48 177.41 -Trade Payables (a) Total outstanding dues of micro enterprises and small enterprises (b) Total outstanding dues of crpclitors other than micro enterprises and small enterprises 1,961.45 8,887.94 1,980.30 13,753.31 - Others 226.01 231.04 Other current liabilities 1,505.47 3,102.40 Provisions 3,566.40 2,968.97 Current tax liabilities (Net) 532.45 532.45 Total Current Liabilities (C) 17,018.20 20,745.83 Total Equity and Liabilities (A + B + C) 2,66,039.23 2,50 371.04 FINE ORGANICS INR in Lakhs "ReSS 104 Previous year's figures have been regrouped and / or rearranged wherever considered necessary. For a,id o eha of he Board of Dircctcrs ip * MUMBAI \g, IND layen Place : Mumbai Mana7 irect• Date : November 7, 2025 cr MUMBAI O Co DIN:00 06919......,/
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Fine Organic Industries Limited Regd. Office Fine House, Anandji Street, Off M. G. Road, Ghatkopar East, Mumbai 400 077, India. ON : L24119MH2002PLC136003 Tel : + 91-22-2102 5000 Fax : + 91-22-2102 8899 / 2102 6666 Email : info@fineorganics.com Web: www.fineorganics.com FINE ORGANICS Statement of Unaudited Consolidated Financial Results for the Quarter ended and Six Months ended September 30, 2025 INR in Lakhs Particulars Quarter ended Six Months Period ended Year ended Sept 30, 2025 Jun 30, 2025 Sept 30, 2024 Sept 30, 2025 Sept 30, 2024 Mar 31, 2025 Unaudited Unaudited Unaudited Unaudited Unaudited itedited Income 59,728.62 2,112.82 53,838.40 3,981.98 59,583.38 2,188.75 1,18,507.02 6,094.80 1,14,551.92 4,639.08 2,26,914.79 9,760.00 Revenue from Operations Other Income Total Income Expenses 61,841.44 62,820.38 61,772.13 1,24,661.82 1,19,191.00 2,36,674.79 35,639.66 320.35 (1,061.50) 3,738.14 42.67 1,281.42 7,575.59 36,060.98 270.73 (1,275.06) 3,977.58 52.73 1,178.78 7,445.74 36,208.32 - (2,113.55) 3,132.27 42.37 1,251.26 7,281.87 71,700.64 591.08 (2,336.56) 7,715.72 95.40 2,460.20 15,021.33 67,151.71 0.38 (2,041.35) 6,503.35 105.01 2,431.55 13,881.22 1,38,152.07 370.98 (5,667.43) 13,516.15 219.56 5,229.62 29,255.29 Cost of Materials Consumed Purchases of Stock-in Trade Changes in inventories of Finished Goods, Work in Progress and Stock in Trade Employee Benefit Expenses Finance Costs Depreciation and Amortisation Expenses Other Expenses Total Expenses Profit before share of profit/(loss) of joint ventures and exceptional Items Share of profit/(lass) of joint ventures (net of tax) Profit Before Tax and exceptional Items Exceptional Items (refer note 3) Profit Before Tax Tax Expenses 47,536.33 47,711.48 45,802.54 95,247.81 88,031.87 1,81,076.24 14,305.11 15,108.90 - 15,969.59 29,414.01 31,153.13 55,538.55 (104.32) (71.56) (48.31) (175.88) (96.51) (82.85) 14,200.79 15,037.34 15,921.28 29,236.13 31,062.62 55,515.70 • - 1 698.40 - 698.40 - - 14,200.79 15,735.74 15,921.28 29,S36.53 31,062.62 55,515.70 3,314.98 31.18 3,801.47 223.82 4,225.95 (48.80) 7,116.45 255.00 8,054.19 (60.81) 14,589.74 (123.68) Current Tax Deferred Tax Charge / (Credit) Net Profit/(Loss) for the period/year Other Comprehensive Income Items that will rot be subsequently Income Tax relating to Items that to Profit or Loss Item:, that will be subsequently reclassified Income Tax relating to Items that Profit cr Loss Total Other Comprehensive il raceme I Total Comprehensive Income for Net Profit/(loss) attributable.. to Equity shareholders of Holding Non Controlling Interesti Other Comprehensive Income attributable Equity shareholders of Holding Non Controlling Interest Total COmprehensive Income attributable Equity shareholders cf Holding Non Controlling Interest Earnings per equity share (Face i) Basic (in INR) (not annualised ii) Diluted (in INR) (not annualised reclassified to Profit or Loss will not be subsequently reclassified to Profit or Loss will be subsequently reclassified to the period/year Company to Company to Company Value of INR 5/- each) for the quarter) for the quarter) 10,854.63 11,710.45 11,744.13 22,565.08 23,063.24 41,649.64 0.24 (0.07) (835.32) 210.24 (73.03) 19.64 (708.26) 178.25 (30.18) 6.43 - - (77.79) 19.57 (1,543.58) 388.49 (83.24) 19.78 - - (119.67) 29.31 (194.48) 48.95 (624.91) (588.40) (23.75) (1,213.31) (63.45) (235.39) 10,229.72 11,122.05 11,720.38 21,351.77 23,005.78 40,814.25 10,854.63 - (624.91) 10,229.72 - 33.40 35.40 ..,-- 11,710.45 - (538.40) 11,122.05 - 38.19 38.19 11,744.13 - (23.75) 11,720.38 - 38.30 38.30 22,565.08 - (1, 13.31) - 21 351.77 - 73.60 73.60 23,069.24 - (63.46) 22,005.78 - 75.24 75.24 41,049.64 - (235.39) - 40,814.25 - 133.29 133.39 Paid up Equity Share Capital, Equity shares FV of INR 5/- each 1,533.00 1,533.00 1,533.00 1,533.00 1,533.00 1,533.00 Other Equity excluding Revaluation Reserves 2,27,990.04 IND& v(- o MUMBAI O31T1 +6, •
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Fine Organic Industries Limited Regd. Office Fine House, Anandji Street, Off M. G. Road, Ghatkopar East, Mumbai 400 077, India. CIN : L24119MH2002PLC136003 Tel : + 91-22-2102 5000 Fax : 91-22-2102 8899 / 2102 6666 Email : info@fineorganics.com Web: www.fineorganics.com "0°FINE ORGANICS Notes to the unaudited consolidated financial results for the quarter ended and six months ended September 30, 2025: (1) The above unaudited consolidated results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in its meeting held on November 7, 2025. The Statutory Auditors have issued an unmodified limited review report on these unaudited consolidated financial results. (2) The Board of Directors of the Holding Company had recommended final dividend on equity shares at the rate of INR 11/- each per share (Face value INR 5/- each) for the year ended March 31, 2025 in its meeting held on May 8, 2025. Subsequently it was approved by the the shareholders at the Annual General Meeting held on August 21, 2025 and the same was paid on August 26, 2025. (3) On January 18, 2024, a fire incident occurred at a plant adjacent to the Holding Company's manufacturing facility resulting in damage to Property, Plant & Equipment, Inventories and temporary disruption of operations until November, 2024. During the current half year, the insurance company has accepted and paid the claim of INR 693.40 lakhs as full and final settlement for business interruption and same has been disclosed as an exceptional item for the respective period. As on date, the Holding Company is in the process of assessing and finalizing its claim for loss on Property, Plant and Equipment and Inventories. Against this, the Holding Company has received an interim payment of INR 180 lakhs to date. (4) As per IND AS -108 "Operating Segments", the Group's business activity falls within a single primary business segment viz. "Manufacturing of Specialty Chemicals". (5) The unaudited consolidated financial results of the Group for the quarter ended June 30, 2025, quarter and half-year ended September 30, 2024, and previous year ended March 31, 2025, were reviewed/audited by the predecessor auditor. The predecessor auditor has expressed unmodified conclusion/opinion vide their reports dated August 8, 2025, November 8, 2024, and May 8, 2025, respectively, on the respective reviewed/audited consolidated financial results. (6) The figures for the quarter ended September 30, 2025/September 30, 2024 represent balancing figures between the unaudited year to date figures upto September 30, 2025/September 30, 2024 and the unaudited figures for the quarter ended June 30, 2025/June 30, 2024. (7) Previous year's/period's figures have been regrouped and / or rearranged wherever considered necessary. C-N MUI0113PJ Place : Murtbai Date : November 7, 2025 ct 0 \c, IND MUMBAI rn co on b uf the Board of Directors Jai% ah Managing Director DIN:00106919
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Fine Organic Industries Limited Regd. Office Fine House, Anandji Street, Off M. G. Road, Ghatkopar East, Mumbai 400 077, India. CIN : L24119MH2002PLC136003 Tel : + 91-22-2102 5000 Fax : + 91-22-2102 8899 / 2102 6666 Email : info@fineorganics.com Web: www.fineorganics.com Unaudited Consolidated Statement of Cash Flow for the period ended September 30, 2025 Particulars For the Period Ended For the Period Ended Sept 30, 2025 Sept 30, 2024 Unaudited Unaudited Net Profit Before Tax 29,936.53 31,062.62 Al Cash fl ows from operating activities Adjustments for: Depreciation and amortisation expenses 2,460.25 2,410.95 Interest Income (4,154.91) (3,545.70) (Profit)/Loss on sale of Property, plant and equipment (net) (10.90) 5.74 Finance Cost including interest on lease liabilities 94.57 104.94 Net loss /(Gain) on Foreign Exchange Fluctuations (1,565.46) (1,016.06) Expected Credit Loss Provisions / (Reversal) 75.76 Other non -cash adjustments (113.55) 75.21 Operating profit before working capital movements 26,646.53 29,173.46 Movement in working capital: Decrease / (Increase) in Inventories (2,791.31) (4,192.71) Decrease / (Increase) in Trade and Other Receivables 14,119.63 (1,725.16) (Decrease)/ Increase in Trade and Other Payables (14,565.16) (3,574.65) (3,236.84) (9,492.52) Cash generated from operations 23,409.69 19,680.94 Income Tax Paid (7,060.77) (7,716.01) Net cash flows from operating activities (A) 16,348.92 11,964.93 B) Cash fl ows (used in) / generated from investing activities Payment for Purchase of property, plant and equipment, intangible assets including CWIP and Capital advances (3,997.41) (10,512.33) Proceeds from sale of property, plant and equipment 36.72 2.26 Amount(invested)/ matured in Bank Fixed Deposits (11,024.97) (9,254.99) Interest Income received 4,510.04 2,416.18 Investment in Joint Ventures and Subsidiary Company - (223.91) Proceeds from sale of investments - 0.25 Net Cash Flows Used In Investing Activities (B) (10,475.62) (17,572.54) C) Cash fl ows (used In) / generated from financing activities Receipts from long-term borrowings 924.24 - Dividend Paid (3,372.14) (3,065.95) Interest and Finance Charges paid (63.22) (39.85) Employee Loans (given) (20.61) (43.43) Employee Loans recovered 35.53 37.33 Repayments of lease liabilities (including interest thereon) (195.80) (103.61) Net Cash Flows Used In Financing Activities (C) (2,697.00) (3,255.51) Net increase / (decrease) in cash and cash equivalents (A+B+C) 3,176.30 (8,823.12) Cash and cash equivalents at the beginning of the period 18,915.46 69,505.34 Exchange difference on translation of foreign currency (loss) / Gain (652.98) (238.29) Cash and cash equivalents at end of the period * 21,438.78 60,393.93 Components of cash and cash equivalents : Balances with banks : In Current Account 19,641.11 12,857.57 In Exchange Earning Foreign Currency Account 561.61 405.32 In Fixed Deposit Account 1,227.03 47,124.15 Cash on hand 9.03 6.89 21,438.78 60,393.93 * Includes a gain of INR 3.52 laths on the EEFC accounts as of Sept 30, 2125 (loss of INR 3.99 laths as of Mar 31, 2025) Previous year's figures have been regrouped and / or rearranged wherever considered necessary. For and on all of th o rd of Directors 8 N6,p • Jayen ah Place : Mumbal IA MUMBAI rn (rector `Date : November 7, 2025 - GO DIN 00106919 c(\i tautisAl FINE ORGANICS INR in Lakhs
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B. STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, QUALIFIED INSTITUTIONS PLACEMENT ETC. - Not Applicable. C. FORMAT FOR DISCLOSING OUTSTANDING DEFAULT ON LOANS AND DEBT SECURITIES S.No. Particulars in ₹ crore 1 Loans / revolving facilities like cash credit from banks / financial institutions A Total amount outstanding as on date 0 B Of the total amount outstanding, amount of default as on date 0 2 Unlisted debt securities i.e. NCDs and NCRPS A Total amount outstanding as on date 0 B Of the total amount outstanding, amount of default as on date 0 3 Total financial indebtedness of the listed entity including short-term and long-term debt 0 D. FORMAT FOR DISCLOSURE OF RELATED PARTY TRANSACTIONS (applicable only for half-yearly filings i.e., 2nd and 4th quarter) - Applicable E. STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS (FOR AUDIT REPORT WITH MODIFIED OPINION) SUBMITTED ALONG-WITH ANNUAL AUDITED FINANCIAL RESULTS (Standalone and Consolidated sepl!rately) (applicable only for Annual Filing i.e., 4th quarter) - Not Applicable. -. IND S.,‘ 11NZ"' CD °a MUMBAI wrn