Latest news about Fineotex Chemical
Fineotex Chemical
39.99
+1.43(+3.71%)
Company Performance:
View Company Insights1D+3.71%
1M+73.79%
6M+65.38%
1Y+65.52%
5Y+348.82%
More news about Fineotex Chemical
14Feb 26
Fineotex Chemical Files Q3FY26 Monitoring Report with Revised Proceeds Data
Fineotex Chemical submitted its Q3FY26 monitoring agency report revealing significant revision in proceeds from INR 280.350 crores to INR 91.963 crores due to preferential issue undersubscription in May 2024. ICRA Limited confirmed proper utilization of INR 56.282 crores across stated objectives with no material deviations, while INR 35.682 crores remains invested in mutual funds.
19Jan 26
Fineotex Chemical Allots 50 Lakh Shares at ₹38.74 Each Following Warrant Conversion
Fineotex Chemical Limited has successfully completed the allotment of 50 lakh equity shares at ₹38.74 per share following warrant conversion by non-promoter investor Intuitive Alpha Investment Fund PCC - Cell 1. The January 17, 2026 allotment generated ₹14.52 crore for the company and expanded its paid-up share capital to ₹116.45 crore. The shareholding structure now stands at 61.87% for promoters and 38.13% for non-promoters, while 23.15 lakh unexercised warrants worth ₹22.42 crore have been forfeited due to non-conversion within regulatory timelines.
16Dec 25
Fineotex Chemical Completes $11.50M US Acquisition, Targets 25% CAGR Growth
Fineotex Chemical has successfully completed its strategic $11.50 million acquisition of Crude Chem Technologies Group, securing a 53.33% controlling stake in four US-based specialty oilfield chemical companies. The debt-free target generates $68 million in combined annual revenue and approximately $4.00-4.50 million EBITDA, with consolidation beginning December 15, 2025. Management expects at least 25% CAGR growth and aims to build a $200 million oilfield specialty chemicals business, supported by over ₹300 crores in cash reserves and planned investments exceeding $10 million in plant and machinery expansion.
14Nov 25
Fineotex Chemical Reports Mixed Q2 Results with Revenue Decline and EBITDA Contraction
Fineotex Chemical Limited reported mixed Q2 FY2025-26 results. Revenue decreased 6.67% YoY to ₹1,400.00 crore but increased 2.14% QoQ. Net profit fell 18.37% YoY to ₹260.00 crore, yet rose 3.88% QoQ. EBITDA declined 14.81% YoY to ₹310.00 crore but improved 23.02% QoQ. EBITDA margin contracted 244 bps YoY to 22.53% while expanding 415 bps QoQ. The company faces challenges in reversing YoY declines despite showing sequential improvements.
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