Ashish Kacholia’s portfolio stock under Rs 30: Company allots 1,37,50,000 equity shares pursuant to the exercise of warrants allotted on a preferential basis
DSIJ Intelligence-1 / 24 Nov 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 28.3 per cent from its 52-week low of Rs 19.21 per share and has given multibagger returns of 460 per cent in 5 years.
On Monday, shares of Fineotex Chemical Limited hit a 20 per cent Upper Circuit to Rs 25.76 per share from their previous closing of Rs 29.80 per share. The stock’s 52-week high is Rs 38.46 per share and its 52-week low is Rs 19.21 per share. The shares of the company saw a Spurt in Volume by more than 25 times on the BSE.
The Fundraising Committee of the company's Board approved the allotment of 1,37,50,000 equity shares on November 21, 2025, to certain promoter and non-promoter entities. This allotment resulted from the conversion of 13,75,000 warrants that were originally issued on a preferential basis, with the company receiving the final 75 per cent payment of Rs 35,68,12,500 upon conversion. The issue price was adjusted to Rs 34.60 per equity share (face value Re 1), reflecting the company's prior share split and bonus issue. Following this allotment, the company's paid-up share capital increased, and the total holding of the allottees now represents 1,37,50,000 shares.
Fineotex Chemical Limited involved a 1:2 stock split (Rs 2 face value to Re 1) followed by a 4:1 bonus share issue, which significantly increased investor Ashish Kacholia's holding from 30,00,568 to 2,40,04,544 shares. This dual action, executed to boost liquidity and retail accessibility.
About the Company
Fineotex Chemical Limited is a leading Indian multinational producer of specialty performance chemicals, offering sustainable, technology-driven solutions for industries such as textile and garment processing, home care, water treatment and oil & gas. With advanced manufacturing facilities in Ambernath (India) and Selangor (Malaysia) and a new plant planned for Ambernath, Fineotex is committed to innovation and sustainability. The company serves clients in approximately 70 countries through an extensive network of over 103 dealers and distributors in India, supported by an NABL-accredited R&D laboratory. Fineotex consistently delivers innovative, reliable and eco-friendly solutions to meet global market demands.
Fineotex Chemical's Quarterly Results show a strong financial performance, with consolidated total income rising 14.8 per cent quarter-on-quarter to Rs 146.22 crore. This was driven by solid performance in its textile chemicals and oil & gas businesses. The company's operational efficiency is highlighted by an 18.3 per cent increase in EBITDA to Rs 25.20 crore and a 24.3 per cent jump in net profit to Rs 25.03 crore. Additionally, Fineotex successfully completed a Rs 60 crore expansion project, commissioning a new manufacturing facility that adds 15,000 MTPA to its capacity to meet growing demand.
For the full fiscal year 2025 (FY25), the company reported net sales of Rs 533 crore, down from Rs 569 crore in FY24. Net profit for FY25 also saw a decline, reaching Rs 109 crore compared to Rs 121 crore in FY24. The company has a market cap of over Rs 3,900 crore with an ROE of 18 per cent and an ROCE of 24 per cent. The stock is up by 28.3 per cent from its 52-week low of Rs 19.21 per share and has given multibagger returns of 460 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.