Fineotex Chemical Limited has informed the Exchange about General Updates on meeting of the board of directors of the company held on September 27, 2025
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Fineotex Chemical's board, meeting on September 27, 2025, approved an interim dividend of Rs. 0.80 per share (40%) on equity shares of face value Rs. 2, totaling about Rs. 9.17 Crores, with a record date of October 3, 2025 and payment by October 25, 2025. The board also recommended a stock sub-division (1 share of Rs. 2 face value becoming 2 shares of Rs. 1 face value) and a bonus issue in a 4:1 ratio, i.e., 4 bonus shares for every 1 held, both subject to shareholder approval. To accommodate these, authorised share capital will be raised from Rs. 28 Crore to Rs. 120 Crore. An EGM is scheduled for October 25, 2025 (e-voting cut-off: October 17, 2025). The bonus will be issued from the Securities Premium Account, backed by free reserves of Rs. 415.72 Crore and securities premium of Rs. 189.48 Crore as on March 31, 2025.
Shareholders are set to benefit from multiple value-accretive actions in quick succession: a cash dividend, improved share liquidity and affordability from the stock split, and a sizeable 4:1 bonus that will quintuple their share count. These actions are likely to be viewed positively by retail investors, improve trading liquidity, and could support short-term sentiment, though the share count will expand materially once the corporate actions are completed (likely by November 25, 2025).