Fineotex Chemical announced that the 21th Annual General Meeting (AGM) of the company will be held on 10 September 2024.Powered by Capital Market - Live News

Net profit of Fineotex Chemical rose 11.95% to Rs 28.75 crore in the quarter ended June 2024 as against Rs 25.68 crore during the previous quarter ended June 2023. Sales rose 7.31% to Rs 141.90 crore in the quarter ended June 2024 as against Rs 132.23 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales141.90132.23 7 OPM %24.8423.84 - PBDT39.8834.98 14 PBT37.6333.65 12 NP28.7525.68 12 Powered by Capital Market - Live News

Fineotex Chemical will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live News

 Fineotex Chemical announced the successful fund raising of Rs 342.5 crore through a preferential allotment of equity shares and convertible warrants. Commenting on the fund raise Sanjay Tibrewala, CFO and Executive Director, Fineotex Chemical, said: �This preferential allotment aligns with the initial tranche of our fund raised on May 22, 2024, amounting to INR 124.4 Crores. The cumulative funds raised from both tranches now total INR 342.6 Crores. As of today, Fineotex has received INR 192.6 Crores equity allotment and warrant subscriptions. The capital raised will be invested strategically to support both organic and inorganic growth opportunities, reinforcing our commitment to enhancing shareholder value and advancing operational excellence� Powered by Capital Market - Live News

Fineotex Chemical announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 27 June 2024 .Powered by Capital Market - Live News