Fineotex Chemical Limited has informed the Exchange regarding Outcome of Board Meeting held on August 12, 2025.
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Fineotex Chemical's board met on August 12, 2025 and approved multiple items. The board granted 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, taking the total options granted and outstanding to 64,042. The 22nd Annual General Meeting has been scheduled for Friday, September 19, 2025 at 5:00 PM, to be held via video conferencing, along with the approval of the Director's Report for FY 2024-2025. The record date for the AGM and final dividend has been fixed as Saturday, September 13, 2025, with the dividend (if declared at the AGM) to be paid on or before September 30, 2025. Mr. Hemant Shetye of HSPN & Associates LLP has been appointed as scrutinizer for the 22nd AGM.
Investors should note the September 13, 2025 record date to be eligible for the final dividend, which is expected to be declared at the September 19, 2025 AGM. The ESOP grant of 58,797 options is small and within existing shareholder-approved limits, so dilution impact is likely minimal. Overall, this is a routine operational update with no major surprises.