Fineotex Chemical Limited has informed the Exchange about General Updates on Reconstitution of Committees of the board of Directors of the company
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Fineotex Chemical has reconstituted two key Board committees effective September 27, 2025. The Audit Committee will now be chaired by Mr. Chetan Shah (Independent Director) with Mr. Sunil Waghmare, Mrs. Bindu Shah, and CFO Mr. Sanjay Tibrewala as members. The Nomination & Remuneration Committee will be chaired by Mrs. Bindu Shah (Independent Director), with Mr. Sunil Waghmare and Dr. Amit Pratap as members. All three members of the NRC are Independent Directors, strengthening governance on remuneration decisions. The CFO continues to serve on the Audit Committee in line with standard practice.
This is a routine governance update with no resignations, new appointments, or changes in leadership. The reconstitution keeps the Audit Committee well-stacked with a majority of Independent Directors and maintains the CFO's involvement, so it is unlikely to move the stock price. Shareholders should see it as a normal board housekeeping exercise.