Dear Shareholders,
As Fine Organics celebrates 55 years, we look back with pride at our
journey from a modest start in 1970 to becoming a trusted global name in specialty
performance additives. Driven by clear values and a focus on responsible chemistry, we
remain committed to creating long-term value across industries and borders.
This milestone year marks both reflection and renewed momentum. With a
strong foundation built on innovation, diversification and strategic growth, we are
well-positioned for the future.
Adapting to Change, Sustaining Growth
Despite global uncertainties and shifting market dynamics, we stayed
agile and forward-looking. As the specialty additives space evolves, Fine Organics is
ready to lead through sustainable, customised and high-performance solutions.
We continued to focus on four strategic pillars - new application
developments, global expansion, innovation and capacity building. This approach is
delivering results, with stronger exports and new domestic opportunities taking shape.
Even in a challenging global environment, we moved ahead with courage
and clarity, guided by purpose and powered by innovation.
Growth with Purpose
At Fine Organics, success is not measured by size alone. It is defined
by our consistency, humility in leadership, and pursuit of responsible growth. This
enduring ethos shapes who we are and guides our future.
We are advancing our digitalisation agenda through targeted investments
aimed at improving operational efficiency and enabling decision-making. Our commitment to
ESG is deepening, with sustainability becoming an integral part of our supply chain,
operations, and innovation roadmap.
Our people remain at the heart of our success. We continue to foster a
culture of curiosity, collaboration and lifelong learning, empowering our teams to lead
change with agility. The trust and support of our stakeholders, customers, partners,
investors, suppliers and employees remains our greatest asset. This shared trust fuels our
pursuit of innovation, excellence, and sustainable progress.
Innovation-led by R&D
Innovation is core to our evolution. Our R&D team of scientists
technicians and engineers is focussed on developing cutting-edge, high performance
additives that address changing customer needs while aligning with global sustainability
goals.
Our pipeline includes bio-based and biodegradable products across
foods, cosmetics, polymers, packaging, coatings, and feed nutrition, offering safe and
effective alternatives to traditional chemicals. This year, we reached a significant
milestone by earning certification under the USDA BioPreferred? Program, reinforcing our
position as a responsible, science-led solutions provider.
Commitment to Sustainability
<
p >We embed sustainability across all areas of our operations from waste
minimisation and water conservation to energy-efficient production practices guided by the
principles of Reduce, Reuse and Recycle (3R). Our additives play a crucial role in
enabling safer, more sustainable industrial practices worldwide.
Scaling Our International Footprint
As part of our long-term vision to strengthen Fine Organics?
global presence, I am pleased to share that we have taken significant steps towards
expanding our international footprint.
We have established our wholly owned subsidiary, Fine Organics Americas
LLC, in the United States of America. The subsidiary has acquired approximately 159.92
acres of land in Union County, South Carolina. Planning and development activities have
commenced for a state-of-the-art manufacturing facility at the site. This will enable us
to enhance our presence across North, Central, and South America, improve supply security
for our valued customers, and tap into new growth opportunities. Additionally, we are in
the process of setting up a subsidiary in the United Arab Emirates (the UAE) to establish
a local commercial presence and improve supply chain efficiency across the GCC countries.
These strategic global expansion initiatives reflect our commitment to
increasing production capacity, strengthening supply reliability, and enhancing access to
key international markets. We remain dedicated to building a resilient and future-ready
Fine Organics for all our stakeholders.
Looking Ahead
As we look to the future, we remain confident in the enduring growth
potential of our niche specialty additives sector. The rising global demand for
sustainable, high-performance solutions puts Fine Organics in a uniquely advantageous
position. Our strong R&D capabilities, eco-conscious product portfolio, and expanding
global footprint provide a robust platform for long-term success.
During FY 2024–25, our domestic and export businesses contributed
43% and 57% respectively to total revenue highlighting our ability to deliver balanced
growth. Demand remained strong across domestic segments, while renewed momentum in exports
helped us navigate geographic variability and market complexity.
Despite several cost-related headwinds particularly from rising raw
material and utility prices in the second half, we responded with agility and process
efficiency. Logistics costs, which were elevated earlier in the year, began to normalise
by H2, aided by improved global freight dynamics.
At Fine Organics, we hold in the highest regard the continued trust and
confidence of our stakeholders. It is this collective strength and shared belief in our
values that empowers us to shape a resilient, forward-looking future for our customers,
our people, and the world at large.
Best wishes,
Mukesh Shah Chairman