Regulatory15 May 2026, 11:01 pm
Fineotex Chemical Monitoring Report for Quarter Ended March 2026
AI Summary
Fineotex Chemical Ltd's monitoring agency report by ICRA Limited for the quarter ended March 31, 2026, indicates no material deviation in the utilization of proceeds from the preferential allotment made on May 22, 2024. The report confirms that the use of funds is in line with the stated objectives of the issue. The original issue size of ₹280.350 crore was revised to ₹91.963 crore due to undersubscription. 12,51,600 convertible warrants were forfeited, along with the subscription amount of ₹32,47,90,200.
Key Highlights
- ICRA Limited is the monitoring agency for Fineotex Chemical's preferential issue.
- No material deviation reported in the utilization of issue proceeds.
- Original issue size revised to ₹91.963 crore due to undersubscription.
- 12,51,600 convertible warrants forfeited with ₹32.47 crore subscription amount.
Price Impact
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