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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Awaiting price reaction for this filing.
Promoter Surendrakumar Tibrewala has filed the annual Regulation 31(4) declaration for Fineotex Chemical Limited, confirming that the promoter and promoter group did not create any encumbrance (pledge or similar charge) on their shares during the financial year ended March 31, 2025. The total promoter group holding stands at 7,20,49,027 shares, representing 62.88% of the company's share capital, spread across 10 promoter/promoter group entities. A note clarifies that promoter Aarti Mitesh Jhunjhunwala purchased 4,000 equity shares from the open market on March 28, 2025, but the shares were not yet credited to her demat account as of March 31, 2025. This is a routine annual compliance filing confirming clean shareholding with no pledged shares.
This is a neutral-to-slightly-positive routine compliance filing. The confirmation that promoters have not pledged any of their 62.88% holding reduces concerns over potential forced selling or margin pressure on promoter stake. A small open market purchase by a promoter group member signals mild insider confidence, though the quantity is negligible relative to total capital.