Fineotex Chemical Limited has informed the Exchange about change in Management
FCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fineotex Chemical's board met on August 12, 2025 and approved its Q1 FY26 results along with several management changes. On a consolidated basis, revenue rose about 14.4% quarter-on-quarter to Rs. 13,707 lakhs, profit after tax jumped 24.3% to Rs. 2,503 lakhs, and operational EBITDA grew 18.4% to Rs. 2,520 lakhs, with ROIC of around 30.7% and volume growth of 14.7%. The company also flagged the start of commercial production at its new Ambernath manufacturing facility, adding 3 lakh square feet of operational capacity. On the management front, Mr. Chetan Shah (DIN: 08038633), a capital markets veteran with over 30 years' experience, was appointed as an additional Non-Executive Independent Director for a 5-year term. M/s. HSPN & Associates was appointed as the new Secretarial Auditor for a 5-year term, and 58,797 stock options were granted to eligible employees under the FCL-ESOP 2020 scheme.
Strong Q1 earnings with double-digit growth in revenue, profits, and volumes, combined with the successful commissioning of the new Ambernath plant, signal healthy business momentum for shareholders. The appointment of a new independent director and secretarial auditor reflects routine governance refresh and is not expected to materially impact the stock price.