BSECompany Update1d ago · 24 Sept 2026, 10:40 am

Incorporation of wholly owned step down subsidiary named Fineotex America Inc.

Fineotex Chemical Ltd · 533333

✦ AI SummaryJoint Venture

Fineotex Chemical Ltd has incorporated a wholly owned step-down subsidiary named Fineotex America Inc. in the USA, as per Regulation 30 of SEBI Listing Regulations.

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Earnings Impact2/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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Fineotex Chemical Ltd - 533333 - Announcement under Regulation 30 (LODR)-Restructuring

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September 24, 2026 The General Manager, The Manager, Listing Compliance Department, Listing & Compliance Department Bombay Stock Exchange Limited, The National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra East, Mumbai - 400051 Company code: 533333 Company code: FCL Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) – Incorporation of a Wholly Owned Step-down Subsidiary Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, we wish to inform you that Fineotex Biotex HealthGuard FZE (“FZE Company”), a wholly owned subsidiary of the Company, has incorporated a new wholly-owned step-down subsidiary named Fineotex America Inc. (“FAI”), in USA. The Company has received intimation today, 24th August, 2026 that the Certificate of Incorporation of FAI has been issued by the State of Delaware, USA. In this regard, please find enclosed herewith the disclosure containing details as required under Regulation 30(6) read with clause (1) of Para A of Part A of Schedule III of the SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as ‘Annexure - A’. The above information is also available on the website of the Company www.fineotex.com. You are requested to kindly take the above on record. Thanking you, Yours faithfully, For FINEOTEX CHEMICAL LIMITED Sanjay Tibrewala Executive Director DIN: 00218525 Encl: As above Annexure – A SN. Details of Events required to be disclosed Disclosures 1 Name of the target entity, details in brief such as Fineotex America Inc. size, turnover etc. The above company is newly incorporated and therefore the turnover is NIL. 2 Whether the acquisition would fall within related Wholly Owned Subsidiary is a related party of party transaction(s) and whether the promoter/ Fineotex Chemical Limited (‘the Company”) promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3 Industry to which the entity being acquired belongs Water Treatment Chemicals & Related Solutions for Data Centers and Semiconductors. 4 Objects and impact of acquisition (including but The object of Fineotex Americas Inc. is to provide not limited to, disclosure of reasons for acquisition advanced water treatment chemicals and solutions of target entity, if its business is outside the main for the rapidly growing digital economy primarily line of business of the listed entity) data centers and semiconductor manufacturing. 5 Brief details of any governmental or regulatory Not Applicable approvals required for the acquisition 6 Indicative time period for completion of the Not Applicable acquisition 7 Nature of consideration - whether cash Not Applicable consideration or share swap and details of the same 8 Cost of acquisition or the price at which the shares Not Applicable are acquired 9 Percentage of shareholding/control acquired and/ Fineotex Biotex HealthGuard FZE a wholly owned or number of shares acquired subsidiary of the Company, holds 100% share capital of Fineotex America Inc. 10. Brief background about the entity acquired in terms Fineotex America Inc is newly incorporated in USA of products/line of business acquired, date of and registered with State of Delaware, USA. incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)