New Delhi, Nov. 22 -- Small-cap company Fineotex Chemical Limited has announced the allotment of 1.37 crore equity shares at Rs.34.60 per share after investors converted their warrants, the company announced in a regulatory filing on Friday. The allotment was approved at its board meeting held on the same day.

This move, conducted on a preferential basis, increases the company's issued and paid-up capital to Rs. 115.95 crore.

According to BSE data, ace-investor Ashish Kacholia is a shareholder in Fineotex Chemical.

He holds 3,00,05,680 shares in the company, which manufactures chemicals for the textiles, water treatment, home care, and oil and drilling fluids industries. Fineotex was listed on the stock exchanges in 2011.

These shares...