Fineotex Chemical Limited has informed the Exchange regarding update on Board meeting held on September 27, 2025.
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Fineotex Chemical's board approved an interim dividend of Rs. 0.80 per share (40% on face value of Rs. 2), totaling around Rs. 9.17 crore, with a record date of October 3, 2025 and payment by October 25, 2025. The board also approved a stock split in the ratio of 1:2, sub-dividing each Rs. 2 face value share into two Rs. 1 face value shares, aimed at improving liquidity and retail participation. A bonus issue in the ratio of 4:1 was approved, meaning shareholders will get 4 bonus shares for every 1 share held, to be issued from the Securities Premium Account (free reserves stand at Rs. 415.72 crore and securities premium at Rs. 189.48 crore). The authorised share capital will be raised from Rs. 28 crore to Rs. 120 crore to accommodate these actions. All three corporate actions (capital increase, split, and bonus) are subject to shareholder approval at an EGM scheduled for October 25, 2025.
This is a shareholder-friendly package combining a dividend, a stock split, and a generous 4:1 bonus, which typically signals management's confidence in the business and aims to broaden the retail investor base. The stock price will adjust downward mechanically on the ex-date for the split and bonus, but the overall share count going 5x effectively (post-split and bonus) can improve liquidity and trading interest over time.