Fineotex Chemical allots new equity shares following warrant conversion

Fineotex Chemical Limited announced on November 21, 2025, the allotment of 13,750,000 equity shares with a face value of ₹1 each. These shares were issued at an issue price of ₹34.60 per share, including a premium of ₹33.60, as a result of the conversion of 1,375,000 warrants. The warrants were initially issued at ₹346 each to both promoter and non-promoter categories on a preferential basis. The company received a balance amount of ₹356,812,500 for this conversion.

The allotment follows a share split and bonus issue approved by shareholders on October 25, 2025. The newly allotted shares will rank pari-passu with existing equity shares. Consequently, Fineotex Chemical's issued and paid-up capital has increased to ₹1,159,500,900, comprising 1,159,500,900 equity shares of ₹1 each. The promoter/promoter group and non-promoter shareholding now stand at 62.57% and 37.43% respectively.

Out of 2,626,600 convertible warrants allotted on May 22, 2024, 1,375,000 warrants have been exercised. The remaining 1,251,600 convertible warrants, along with their subscription amount of ₹324,790,200, have been forfeited as per SEBI regulations.