What is Ashish Kacholia's investment in Fineotex Chemical?

Ashish Kacholia holds 3,00,05,680 shares in Fineotex Chemical Limited.

Why did Fineotex Chemical allot new equity shares?

Fineotex Chemical allotted shares after investors converted their warrants, increasing the company's capital.

What recent corporate actions have Fineotex Chemical undertaken?

Fineotex Chemical recently underwent a stock split and approved a 4:1 bonus share issuance.

Home / Business and Economy / Ashish Kacholia's Stake Grows with Fineotex Share Allotment

Ashish Kacholia's Stake Grows with Fineotex Share Allotment

22 Nov

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Summary

Fineotex Chemical allotted 1.37 crore equity shares via warrant conversion.
Investor Ashish Kacholia holds 3,00,05,680 shares in Fineotex Chemical.
Company adjusted share values post-stock split and bonus issue.

Ashish Kacholia's Stake Grows with Fineotex Share Allotment

Fineotex Chemical Limited announced the allotment of 1.37 crore equity shares at ₹34.60 each, following the conversion of warrants by investors. This preferential allotment, approved by the board, has increased the company's issued and paid-up capital to ₹115.95 crore.

A notable shareholder in Fineotex Chemical is the well-known investor Ashish Kacholia, who possesses 3,00,05,680 shares. The company specializes in chemicals for various industries, including textiles and water treatment, and was listed in 2011.

These new shares carry the same rights as existing ones. The allotment and its valuation align with SEBI regulations, accounting for a stock split and a 4:1 bonus share issuance previously approved in October 2025.

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