Fineotex Chemical Limited — Others, 15-05-2025: Monitoring Agency Report

Fineotex Chemical Ltd. has announced a board meeting to consider the financial results for the quarter and half-year. Its monitoring agency, ICRA Limited, submitted a final report confirming that proceeds from the May 2024 preferential issue of equity shares and convertible warrants were utilized as intended. The report confirms compliance with terms but does not assess how effectively the funds were used. This update highlights transparency in capital deployment and reassures shareholders about adherence to capital-raising norms.