Fineotex Chemical Ltd

Fineotex Chemical Ltd announced credit rating upgrades and reaffirmations from ICRA, reflecting the company's healthy growth trajectory and the anticipated benefits from its recent acquisition of a US-based speciality chemical manufacturing group. ICRA upgraded the Long Term Credit rating to [ICRA]AA- (Stable) from [ICRA]A+ (Positive), and the Long term - Fund based - Cash credit instrument of 22.00, also upgrading it from [ICRA]A+ (Positive) and revising the outlook to Stable; the Short Term rating for the Long term - Fund based - Cash credit instrument of 22.00 was reaffirmed; Bank Facilities were upgraded to ICRA A- (Stable) and ICRA A1+, while Long term - Fund based - Cash credit of 22.00 was upgraded from [ICRA]A+ and the Unallocated limits of 57.00 were upgraded from [ICRA]A+ with a revised outlook to Stable, alongside reaffirmations for Short term – Fund based - Others of 3.00, Short term – Fund based - Overdraft of 8.00, Short term - Non-fund based - Letter of credit of 8.00, Short term - Non-fund based – Others of 2.00, and RBI Total of 100.00, all maintaining their ratings; the ratings draw comfort from a strong financial risk profile supported by healthy profit margins, comfortable capital structure, and robust coverage indicators.

Fineotex Chemical Limited has set Friday, September 04, 2026, as the cut-off date for remote e-voting and the record date for determining members eligible to receive the final dividend for the financial year 2025-26, according to a regulatory filing. The company’s 23rd Annual General Meeting will be held on Friday, September 11, 2026, at 4:00 P.M. (IST) via video conferencing or other audio visual means.

Fineotex Chemical Limited informed the Bombay Stock Exchange and the National Stock Exchange of India that its Board of Directors approved holding the 23rd Annual General Meeting on Friday, September 11, 2026, at 4:00 P.M. (IST) through video conferencing or other audio-visual means, with a record date for the meeting and final dividend payment fixed as Friday, September 4, 2026, and approved a proposal to raise funds through equity shares or other equity-linked securities, subject to member and regulatory approvals.

Fineotex Chemical Limited informed the Bombay Stock Exchange and the National Stock Exchange of India that its Board of Directors approved holding the 23rd Annual General Meeting on Friday, September 11, 2026, at 4:00 P.M. (IST) through video conferencing or other audio-visual means, with a record date of Friday, September 4, 2026, for dividend eligibility, and also approved a proposal to raise funds through the issuance of equity shares and/or other equity-linked securities.

Fineotex Chemical Limited will hold a board meeting on August 17, 2026, to consider a proposal for raising funds through the issuance of equity shares and/or other equity-linked securities via methods including private placement, preferential issue, qualified institutions placement, further public offer, or a combination thereof, subject to shareholder and regulatory approvals.

Net profit of Fineotex Chemical rose 54.78% to Rs 38.40 crore in the quarter ended June 2026 as against Rs 24.81 crore during the previous quarter ended June 2025. Sales rose 174.77% to Rs 376.63 crore in the quarter ended June 2026 as against Rs 137.07 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales376.63137.07 175 OPM %15.7018.38 - PBDT69.1334.18 102 PBT64.7431.49 106 NP38.4024.81 55 Powered by Capital Market - Live

Fineotex Chemical will hold a meeting of the Board of Directors of the Company on 23 July 2026.

CrudeChem Technology LLC, a subsidiary of Fineotex Chemical, has announced a significant further expansion of its manufacturing capacity at its Texas facility with the addition of 150 million pounds per annum (MM lbs/year). This strategic expansion will increase the facility's total manufacturing capacity from 200 million pounds per year to 350 million pounds per year, substantially enhancing the company's ability to meet the growing demand for specialty chemicals across domestic and international markets. The expanded capacity is expected to strengthen CrudeChem Technology's position as a leading producer of specialty chemical solutions for the oilfield and the energy sectors. The additional production capability will enable the company to better serve its existing customer base while supporting future growth opportunities across key markets. The expansion reflects the company's continued focus on scaling its operations, improving supply chain efficiencies, and strengthening its manufacturing footprint in North America. The enhanced capacity is expected to provide greater flexibility in production planning and support the increasing requirements of customers for high-quality specialty chemical products.

Kilitch Drugs (India) Ltd, Geecee Ventures Ltd, Jindal Drilling & Industries Ltd and Responsive Industries Ltd are among the other gainers in the BSE's 'B' group today, 18 May 2026.Fineotex Chemical Ltd surged 16.58% to Rs 29.68 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 24.81 lakh shares were traded on the counter so far as against the average daily volumes of 3.66 lakh shares in the past one month. Kilitch Drugs (India) Ltd soared 15.39% to Rs 176.55. The stock was the second biggest gainer in 'B' group. On the BSE, 1.48 lakh shares were traded on the counter so far as against the average daily volumes of 4809 shares in the past one month. Geecee Ventures Ltd spiked 15.34% to Rs 347. The stock was the third biggest gainer in 'B' group. On the BSE, 24231 shares were traded on the counter so far as against the average daily volumes of 316 shares in the past one month. Jindal Drilling & Industries Ltd exploded 14.46% to Rs 666.05. The stock was the fourth biggest gainer in 'B' group. On the BSE, 6.68 lakh shares were traded on the counter so far as against the average daily volumes of 2.35 lakh shares in the past one month. Responsive Industries Ltd spurt 12.89% to Rs 183.05. The stock was the fifth biggest gainer in 'B' group. On the BSE, 84906 shares were traded on the counter so far as against the average daily volumes of 4434 shares in the past one month. Powered by Capital Market - Live

Fineotex Chemical announced that the Board of Directors of the Company at its meeting held on 15 May 2026, inter alia, have recommended the final dividend of Rs 0.05 per equity Share (i.e. 5%) , subject to the approval of the shareholders.