Fineotex Chemical Limited has informed the Exchange regarding allotment Bonus Equity Shares
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Fineotex Chemical Limited has allotted 91,66,00,720 bonus equity shares of Re. 1 each to its shareholders in a 4:1 ratio (4 bonus shares for every 1 existing share). The record date for eligibility was October 31, 2025. Following this allotment, the company's paid-up equity share capital increases from 22,91,50,180 shares to 1,14,57,50,900 shares, a five-fold rise. The new shares will rank equally in all respects with existing shares.
Shareholders receive 4 additional shares for each share held, increasing their total holding by 5x but proportionally diluting the share price (typically adjusting downward by ~80%). The larger share base may improve liquidity and retail participation in the stock.