Fineotex Chemical Limited has made a disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations regarding the incorporation of a new wholly-owned step-down subsidiary.
Key Details
- Fineotex Biotex HealthGuard FZE ("FZE Company"), a wholly owned subsidiary of Fineotex Chemical Limited, has incorporated a new wholly-owned step-down subsidiary named Fineotex Holdings Inc. ("FHI") in the USA.
- The Certificate of Incorporation was issued by the State of Delaware, USA, and intimation was received on September 1, 2026.
- Fineotex Holdings Inc. is newly incorporated and therefore has nil turnover.
- The subsidiary falls within related party transactions as it is a wholly owned subsidiary of Fineotex Chemical Limited.
Business Operations
- Industry: Specialty Chemicals
- Business Objectives: To undertake specialty chemical and allied business activities, including manufacturing, trading and development of specialty chemicals, and to pursue strategic investments, acquisitions and other growth opportunities in related or allied businesses.
Ownership Structure
- Fineotex Biotex HealthGuard FZE holds 100% share capital of Fineotex Holdings Inc.
- No governmental or regulatory approvals were required for this incorporation.
Additional Information
- The information is available on the company website: www.fineotex.com
- Signed by Sanjay Tibrewala, Executive Director (DIN: 00218525)