This company’s shares in focus as company to consider final dividend soon | Check details here
New Delhi: Shares of Fineotex, which manufactures speciality chemicals, will be in focus as the company has announced that its board will meet soon to discuss the quarterly results for the quarter and year ended March 31, 2025. According to the information shares, the company’s board of directors are scheduled to meet on May 20, 2025.
“The Board of Directors of the company is scheduled to be held on Tuesday, 20th May, 2025 inter-alia to consider and approve…The Audited Standalone and Consolidated Financial Statements of the company for the quarter and year ended March 31, 2025… Recommendation of Final Dividend, if any,” the company said in an exchange filing.
Meanwhile, the stock ended the last session with a gain of gain of Rs 17.85 or 7.75 per cent at Rs 248.20 from the previous close of Rs 230.25. The counter had started the session at Rs 235 and touched the intraday high of Rs 249.70. The 52-week high of the scrip is Rs 438.60 and the 52-week low is Rs 192.05. The market cap of the BSE smallcap company is Rs 2,843.75. The surge in the stock came as benchmark indexes Sensex and Nifty zoomed nearly 4 per cent on Monday.
They recorded their biggest single-day gains in absolute terms on Monday, skyrocketing nearly 4 per cent, after India and Pakistan reached an understanding to stop military actions and US and China announced a deal to lower tariffs significantly.
Earlier, the company raised Rs 342.55 crore through the issue of equity shares and warrants on a preferential basis.
In a regulatory filing, the company announced the closure of “fund raising of Rs 342.55 crore through a preferential allotment of equity shares and convertible warrants”.
“This preferential allotment aligns with the initial tranche of our fund raised on May 22, 2024, amounting to Rs 124.4 crore. The cumulative funds raised from both tranches now total Rs 342.6 crore,” Sanjay Tibrewala, CFO and Executive Director at Fineotex Chemical, said.
The company said that the capital raised will be invested strategically to support both organic and inorganic growth opportunities.
With PTI inputs
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