Fineotex Chemical Limited approves 50 lakh equity shares after warrant conversion, boosting non-promoter stake in January 2026

Fineotex Chemical Limited has announced a fresh equity allotment following the conversion of warrants, leading to a larger paid-up capital base and a revised shareholding mix. The latest issue adds 50 lakh equity shares and lifts non-promoter ownership, while promoter holding remains above 60%, according to the company’s communication to the stock exchanges.

The Fund Raising Committee of the Board of Fineotex Chemical Limited approved the allotment of 50 lakh equity shares of face value Rs 1 each at an issue price of Rs 38.74 per share, including a premium of Rs 37.74, at its meeting held on January 17, 2026. These shares have been issued to Intuitive Alpha Investment Fund PCC - Cell 1, classified under the non-promoter category, following the exercise of convertible warrants.

The fresh equity issuance stems from the conversion of 5 lakh warrants that were earlier allotted to Intuitive Alpha Investment Fund PCC - Cell 1. Each warrant carried a price of Rs 387.40. At the time of subscription, Rs 96.85 per warrant, representing 25% of the price, was paid. The balance Rs 290.55 per warrant, equal to 75% of the price and aggregating to about Rs 14.52 crore, was received on conversion, triggering the allotment of equity shares at the adjusted price of Rs 38.74 per share.

Fineotex Chemical Limited confirmed that the warrant and share terms were restated after corporate actions approved earlier. The company highlighted that shareholder resolutions at the Extraordinary General Meeting on October 25, 2025, authorised a share split and bonus issue. As a result, the number of equity shares, their face value of Rs 1, and the related premium components were recalibrated. The newly issued equity shares carry the same rights as existing shares, including voting and entitlement to dividends.

Post-allotment, Fineotex Chemical Limited reported that its issued and paid-up equity share capital stands at Rs 116.45 crore. This corresponds to 116.45 crore equity shares with a face value of Rs 1 each. The updated capital structure reflects promoter and promoter group ownership of 61.87%, while non-promoter shareholding has risen to 38.13%, indicating increased institutional and public participation.

The company also disclosed the status of all convertible warrants previously issued. On July 19, 2024, Fineotex Chemical Limited had allotted 28.15 lakh warrants. Out of these, only 5 lakh warrants were exercised, leading to the present equity issuance. The remaining 23.15 lakh warrants were not converted within the permitted 18-month period. In line with SEBI ICDR Regulations, Fineotex Chemical Limited has forfeited these unexercised warrants along with the subscription money of around Rs 22.42 crore paid against them.

Instrument	Total Issued	Exercised	Unexercised / Forfeited	Key Amount (Approx.)
Convertible Warrants (issued 19 July 2024)	28.15 lakh	5 lakh	23.15 lakh	Rs 22.42 crore subscription forfeited

Fineotex Chemical Limited business profile

Fineotex Chemical Limited operates in specialised performance chemicals, supplying customers across textile processing, water treatment, oil and gas, home care, and related industries. The company runs manufacturing facilities in India and Malaysia and serves more than 70 countries. Management continues to emphasise innovation, sustainability, and product performance as central themes across domestic and international markets.