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.
Analysis Scores
Earnings Impact2/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Fineotex Chemical Ltd - 533333 - Announcement under Regulation 30 (LODR)-Restructuring
Attachments (1)
📄pdf
Download →
b482fda8-f6d4-482d-9a3e-d86055eeb424.pdf
View document text
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)