Fine Organic Industries

Fine Organic Industries Limited signed a letter of intent to acquire an 80% stake in Oleofine Organics Sdn. Bhd. from Smoothex Chemicals Pvt Ltd and other shareholders for MYR 34.2 million. The deal was signed on May 19, 2026, and share transfer agreements were executed on September 2, 2026.

Fine Organic Industries is investing Rs 55 crore in setting up a Fine Zeelandia facility in Mumbai in association with Dutch family-owned Zeelandia International, part of the Royal Zeelandia group.

Fine Organic Industries has drawn up capital expenditure of Rs 270 crore to expand capacities over the next two years, having already invested Rs 70 crore towards equity portion.

Fine Organic Industries is expanding its Ambernath facility in Maharashtra by adding 32,000 tonnes per annum of capacity at a cost of Rs 130 crore, funded 30% from equity and 70% from debt.