Fineotex Chemical Limited held its 23rd Annual General Meeting (AGM) on Friday, September 11, 2026, at 04:00 PM IST through Video Conferencing/Other Audio Visual Means. The meeting transacted all resolutions set out in the AGM notice.

Voting Process and Participation

The company provided remote e-voting facility through NSDL from September 8, 2026 (9:00 AM IST) to September 10, 2026 (5:00 PM IST), with e-voting also available during the AGM for shareholders who hadn't voted remotely. Mr. Hemant Shetye, Partner of HSPN & Associates LLP, was appointed as Scrutinizer to oversee the voting process.

Total shareholders on record date: 204,408

Shareholders attending meeting via VC/OAVM: 72

Total outstanding shares: 1,164,500,900

Total votes polled: 759,173,308 (65.20% of outstanding shares)

Resolution-wise Voting Results

Resolution 1: Adoption of Audited Standalone and Consolidated Financial Statements

  • Ordinary Resolution
  • Promoter not interested
  • Total votes in favor: 759,157,833 (99.99% of votes polled)
  • Votes against: 15,425 (0.01%)
  • Passed with majority

Resolution 2: Confirmation of Interim Dividend and Declaration of Final Dividend for FY 2025-26

  • Ordinary Resolution
  • Promoter not interested
  • Total votes in favor: 759,149,639 (99.99% of votes polled)
  • Votes against: 19,669 (0.01%)
  • Public Non-Institutions: 99.87% in favor, 0.13% against
  • Passed with majority

Resolution 3: Re-appointment of Mrs. Aarti Mitesh Jhunjhunwala (DIN: 07759722) as Director

  • Ordinary Resolution
  • Promoter not interested
  • Total votes in favor: 759,147,167 (99.99% of votes polled)
  • Votes against: 25,541 (0.01%)
  • Public Non-Institutions: 99.84% in favor, 0.16% against
  • Passed with majority

Resolution 4: Ratification of Remuneration of Cost Auditor

  • Ordinary Resolution
  • Promoter not interested
  • Total votes in favor: 759,148,248 (99.99% of votes polled)
  • Votes against: 24,460 (0.01%)
  • Public Non-Institutions: 99.85% in favor, 0.15% against
  • Passed with majority

Resolution 5: Approval for Raising Funds via Equity Shares or Other Eligible Securities

  • Special Resolution
  • Promoter not interested
  • Total votes in favor: 748,999,522 (98.58% of votes polled)
  • Votes against: 10,773,186 (1.42%)
  • Public Institutions: 39.10% in favor, 60.90% against
  • Passed with requisite majority

Resolution 6: Approval of Material Related Party Transaction(s)

  • Ordinary Resolution
  • Promoter interested (their votes considered invalid)
  • Valid votes: 342,824,438
  • Votes in favor: 220,143,83 (64.21% of valid votes)
  • Votes against: 122,680,55 (35.79% of valid votes)
  • Promoter votes: 725,490,270 (considered invalid and excluded from count)
  • Public Institutions: 30.61% in favor, 69.39% against
  • Public Non-Institutions: 99.85% in favor, 0.15% against
  • Passed with majority

Scrutinizer Report Details

Mr. Hemant Shetye submitted the scrutinizer report on September 15, 2026, confirming the voting results. The electronic voting data and records were handed over to the Company Secretary for preservation after the Chairman approves and signs the AGM minutes.