The company plans to raise funds by issuing equity shares and/or other equity linked securities, through permissible mode(s) including but not limited to a private placement, preferential issue, qualified institutions placement, further public offer, etc., or any combination thereof.

Fineotex Chemical is a specialty chemicals manufacturer that caters to multiple sectors such as textile, home care, hygiene, mining, garment, water treatment, leather, construction, paint, agrochemicals and adhesives.

The company reported 47.2% increase in consolidated net profit to Rs 16.52 crore on a 61.8% rise in net sales to Rs 121.39 crore in Q4 FY22 over Q4 FY21.

Shares of Fineotex Chemical fell 0.95% to Rs 162.45 on Monday.