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, which met on August 12, 2025, approved several items. It granted 58,797 stock options to eligible employees (including those at its wholly owned subsidiary) at Rs. 2 per option under the FCL-ESOP 2020 plan, bringing total options outstanding to 64,042, within the limit approved by shareholders. The board fixed September 19, 2025 as the date for the 22nd Annual General Meeting, to be held via video conferencing. The record date for the AGM and final dividend was set as September 13, 2025, with dividend payment scheduled on or before September 30, 2025. The board also approved the AGM notice along with the Director's Report for FY 2024-2025 and appointed Mr. Hemant Shetye as scrutinizer for the AGM.
The ESOP grant at face value (Rs. 2) is mildly dilutive to existing shareholders but stays within previously approved limits. The record date of September 13 is important for investors to be eligible for the final dividend, which would be paid by September 30 if declared at the AGM.