Fineotex Chemical Ltd's engagement with M/s. BDO India LLP for advisory on the taxation matters for the company

Fineotex Chemical Limited (BSE: 533 333, NSE: FCL), a leader of specialty chemicals headquartered in Mumbai, has engaged with M/s. BDO India LLP, a member of BDO International - the 5th largest global professional services firm for advisory on the taxation matters for its business. The BDO India team would be advising the Company on various aspects from a Direct and Indirect Tax perspective.

BDO India LLP is a leading professional services firm, renowned for its expertise in taxation, assurance, advisory, outsourcing and digital services. With a global network spanning over 160 countries & territories, BDO India LLP is committed to helping its clients to achieve their goals through customised solutions and expert insights. Their expertise in taxation, combined with their extensive experience in advising multinational corporations, makes them the perfect partner for Company's strategic objectives. The engagement is poised to improve tax processes and compliance and reduce tax risks, if any for the Company and its subsidiaries.

"We are delighted to announce our engagement with M/s. BDO India LLP. Their indepth knowledge and proven track record in tax advisory will be instrumental in achieving our growth and overall objectives. The engagement will also enhance our ability to create enterprise value for our all our stakeholders." said Mr Sanjay Tibrewala, Executive Director & CFO. Fineotex Chemical Limited.

Shares of Fineotex Chemical Limited was last trading in BSE at Rs. 320.80 as compared to the previous close of Rs. 316.45. The total number of shares traded during the day was 57302 in over 1271 trades.

The stock hit an intraday high of Rs. 322.65 and intraday low of 306.55. The net turnover during the day was Rs. 17992601.00.

Source : Equity Bulls

Keywords

FineotexChemical INE045J01026 BDOIndiaLLp