Fineotex Chemical's share price will attract investor attention on Monday, 19 January 2026. The company's board approved a significant allotment of equity shares over the weekend.
Board Approves Share Allotment
The board of directors considered and approved the allotment of 50 lakh equity shares. This action followed the conversion of share warrants, according to an exchange filing.
Fineotex Chemical disclosed the approval of 50 lakh equity shares. Each share carries a face value of Re 1. The issue price stands at ₹38.74 per share upon conversion of the warrants.
Details of the Preferential Allotment
The chemicals maker stated that the preferential allotment results from converting 5,00,000 warrants. These warrants were previously issued at ₹387.40 each.
The company informed stock exchanges through its filing. The Fund Raising Committee of the Board of Directors held a meeting on Saturday, 17 January 2026. They considered and approved the allotment.
The allotment involves 50,00,000 equity shares of face value Re 1 each. The issue price is ₹38.74 per share. This follows the conversion of 5,00,000 warrants issued at ₹387.40 each.
The shares go to persons or entities in the 'non-promoter category' on a preferential basis. The company received a balance amount aggregating ₹14,52,75,000 at ₹290.55 per warrant.
Ashish Kacholia's Stake in Fineotex Chemical
Investors often wonder about Ashish Kacholia's holdings. NSE shareholding data from 21 November 2025 provides clarity.
The marquee stock market investor owns 3,00,05,680 equity shares in Fineotex Chemical. This translates to more than 3 crore shares.
These 3,00,05,680 equity shares represent up to 2.59% stake. A single shareholder holds this portion in the speciality chemicals maker, according to official data.
Fineotex Chemical Share Price Trend
Fineotex Chemical shares closed 0.84% higher at ₹22.93 after Friday's market session. The previous close stood at ₹22.74, as per NSE website data.
The company announced its warrants allotment update on Saturday, 17 January 2026.
Historical Performance
Shares of Fineotex Chemical delivered impressive returns to investors over the long term. They provided more than 268% returns in the last five years.
However, the stock exhibited weakness in recent periods. It lost over 5.21% in the last three years. The decline reached 27.51% in the last one-year period, NSE data shows.
The data also revealed short-term pressures. Fineotex Chemical shares dropped 5.87% in the last one-month period. They traded 1.29% lower in the last five trading sessions on the Indian stock market.
52-Week High and Low
The speciality chemicals maker's shares hit their 52-week high at ₹35.79 on 3 November 2025. The 52-week low touched ₹20.70 on 7 April 2025, according to the NSE website.
The company's market capitalisation stood at ₹2,627.21 crore as of the stock market close on Friday, 16 January 2026.
Disclaimer: This story serves educational purposes only. We advise investors to consult certified experts before making any investment decisions. Market conditions can change rapidly, and circumstances may vary.
