Bonus Issue & Stock Split Already Done; Now Comes 50 Lakh Share Allotment By This Chemical Stock

Following the exercise of warrants issued on a preferential basis, Fineotex Chemical Limited has notified the stock exchanges of a sizable equity allotment. The Board's Fund Raising Committee authorized the issuance of 50 lakh equity shares having a face value of Rs 1 each at an issue price of Rs 38.74 per share, including a premium of Rs 37.74, during a meeting on January 17, 2026. This allocation follows a non-promoter investor's successful conversion of 5 lakh warrants.

After the firm received the remaining consideration of Rs 14.52 crore, or 75% of the warrant issue price, the conversion was completed. Each warrant was initially issued for Rs 387.40, of which Rs 290.55 (75%) was paid at the time of conversion and Rs 96.85 (25%) at the time of subscription.

The allotment has been made to Intuitive Alpha Investment Fund PCC - Cell 1, which falls under the non-promoter category.

Following the share split and bonus issue authorized by shareholders at the Extraordinary General Meeting on October 25, 2025, the company stated that the number of shares, face value, and premium had been appropriately adjusted. Following conversion, the newly issued equity shares will be equal to existing equity shares in every way, including voting and dividend rights.

After this allotment, Fineotex Chemical Limited's issued and paid-up share capital has grown to Rs 116.45 crore, which is made up of 116.45 crore equity shares at Rs 1 apiece. As a result, the company's shareholding structure now stands at 61.87% for promoters and promoter group, while non-promoter shareholding has increased to 38.13%.

Additionally, the company published details about the status of convertible warrants that had already been issued. Only 5 lakh of the 28.15 lakh warrants issued on July 19, 2024, have been used thus far. According to SEBI ICDR Regulations, the remaining 23.15 lakh unexercised warrants and the subscription price of around Rs 22.42 crore have been forfeited since the holders failed to exercise their conversion rights within the allotted 18-month timeframe.

Serving the textile, water treatment, oil and gas, home care, and related sectors, Fineotex Chemical Limited is a top producer of specialized performance chemicals. Fineotex continues to promote innovation, sustainability, and performance excellence in international markets with its state-of-the-art production facilities in Malaysia and India and its presence in more than 70 countries.