Fineotex Chemical Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoter Surendrakumar Tibrewala has submitted a nil disclosure to the exchanges confirming that the promoter/promoter group has not created any encumbrance (pledge) over their shares in Fineotex Chemical during FY 2025-26. The promoter group collectively holds 63.32% of the company (72,54,90,270 shares), with Surendra Deviprasad Tibrewala holding a 53.14% stake as the largest shareholder. This annual disclosure is a regulatory requirement under SEBI Takeover Regulations. The filing serves as a confirmation that there is no pledge on promoter holdings at the end of the financial year.
This nil disclosure is a positive signal for investors as it confirms no additional pledge has been created on promoter shares, reducing concerns about potential share dumping if pledges are invoked. The promoter group maintaining a strong 63.32% stake without encumbrance indicates financial stability among key shareholders.