Company Profile

Fine Organic Industries is currently trading at Rs. 2846.50, up by 20.90 points or 0.74% from its previous closing of Rs. 2825.60 on the BSE.

The scrip opened at Rs. 2848.00 and has touched a high and low of Rs. 2888.00 and Rs. 2788.65 respectively. So far 1765 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3565.25 on 21-May-2021 and a 52 week low of Rs. 1852.10 on 25-Jun-2020.

Last one week high and low of the scrip stood at Rs. 2981.10 and Rs. 2788.65 respectively. The current market cap of the company is Rs. 8721.69 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 20.12% and 4.88% respectively.

Fine Organic Industries has made an investment by way of acquisition of 22,500 Ordinary shares at a par value of THB 100 per share in the new Joint Venture Company (JVC) namely ‘Fine Organic Industries (Thailand) Co.’ New JVC incorporated in Thailand for the purpose of carrying on the business of manufacturing of Speciality Chemical products and supplying, exporting and distribution of such products.

Fine Organic Industries is the largest manufacturer of oleochemical-based additives in India and a strong player globally in this industry.

Polycab India has signed an agreement to acquire 100% stake in Silvan Innovation Labs (Silvan). Silvan is a technology company focused on providing cutting edge automation offerings for homes, offices, banks, retail outlets, hotels and other spaces. Silvan pioneered the concept of home automation in the Indian residential building market and has a proven track record with many prominent real estate developers.

Aster DM Healthcare has tied up with Dr Reddy's Laboratories to administer the COVID-19 vaccine Sputnik V as part of a limited pilot soft launch. The Kochi-based healthcare provider would initially inoculate beneficiaries in (Kochi) Kerala and Kolhapur (Maharashtra) as part of the initiative.

Adani Power has been emerged as the successful bidder for Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh (MP). The Adani Power bid for the project has been approved by a committee of creditors. Now, it will have to seek the NCLT approval to acquire the project, which is undergoing insolvency proceedings. The deal size of the project is estimated at around Rs 2,800-Rs 3,000 crore.

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has added 79,18,129 customers in March 2021. Following this, the company’s total customer base has increased to 42.29 crore with market share of 35.81% in terms of wireless subscribers as on March 31, 2021.

Fine Organic Industries has made an investment by way of acquisition of 22,500 Ordinary shares at a par value of THB 100 per share in the new Joint Venture Company (JVC) namely ‘Fine Organic Industries (Thailand) Co.’ New JVC incorporated in Thailand for the purpose of carrying on the business of manufacturing of Speciality Chemical products and supplying, exporting and distribution of such products.

Mangalam Drugs and Organics is commissioning new intermediate manufacturing facility at unit 1 located in Vapi, Gujarat. This intermediate is an import substitute and an important raw material, which the Company was importing from China. This will enable to reduce reliability on Chinese imports for this product and help to maintain uninterrupted supply chain to a great extent.

Power Finance Corporation’s (PFC) wholly owned subsidiary -- PFC Consulting has incorporated wholly owned subsidiary namely ‘Mohanlalganj Transmission’. This incorporation will benefit the domestic and commercial consumers of the surrounding region with improved power transmission.

Fine Organic Industries has made an investment by way of acquisition of 22,500 Ordinary shares at a par value of THB 100 per share in the new Joint Venture Company (JVC) namely ‘Fine Organic Industries (Thailand) Co.’ New JVC incorporated in Thailand for the purpose of carrying on the business of manufacturing of Speciality Chemical products and supplying, exporting and distribution of such products.

Fine Organic Industries is the largest manufacturer of oleochemical-based additives in India and a strong player globally in this industry.

Fine Organic Industries has informed that pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the meeting of the Board of Directors of the Company is scheduled on 27/05/2021, to consider and approve the following matters: Audited Financial Results (both standalone and consolidated) for the quarter and financial year ended March 31, 2021; and recommendation of Dividend, if any, for the financial year ended March 31, 2021. Further with reference to letter dated March 31, 2021, pursuant to the Internal Code of Conduct of the Company for Prevention of Insider Trading read with Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in equity shares of the Company will continue to remain closed from Thursday, April 1, 2021 to Saturday, May 29, 2021.

The above information is a part of company’s filings submitted to BSE.