Ashish Kacholia-Backed Company Announces 20% Interim Dividend After Strong Q3 Results

Fineotex Chemical, a company backed by investor Ashish Kacholia, has declared an interim dividend of ₹0.40 per equity share (20% of the face value of ₹2 each), totaling ₹4.58 crore. The record date for determining eligible shareholders is February 18, 2025, with the dividend payable on or before March 14, 2025. In its Q3 FY25 results, the company reported a net profit of ₹28 crore, a 15% decrease from the ₹33 crore reported in the same quarter the previous year. Revenue from operations also declined by 9% to ₹126 crore, compared to ₹138 crore in the corresponding period last year. 

 

Source: Mint