Fineotex Chemical Limited has informed the Exchange regarding Outcome of Board Meeting held on August 12, 2025.
FCL · price
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Fineotex Chemical's Board, which met on August 12, 2025, approved the grant of 58,797 stock options to eligible employees (including those of its wholly owned subsidiary) at Rs. 2 per option under the FCL-ESOP 2020 plan. After this grant, the total number of options outstanding stands at 64,042. The Board also fixed September 19, 2025 as the date for the 22nd Annual General Meeting (to be held via video conferencing) and approved the AGM notice along with the Director's Report for FY 2024-25. A record date of September 13, 2025 has been set for the AGM and the payment of final dividend, with dividend, if declared, to be paid on or before September 30, 2025. Mr. Hemant Shetye of HSPN & Associates LLP has been appointed as the Scrutinizer for the AGM.
The ESOP grant at a nominal exercise price of Rs. 2 will lead to slight equity dilution once options are exercised, but signals management's confidence in the company's growth. The record date announcement and upcoming AGM suggest shareholders may expect a final dividend declaration, with eligibility locked at September 13, 2025.