Fineotex Chemical Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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The Board of Directors of Fineotex Chemical Limited, at its meeting on September 27, 2025, approved an interim dividend of Rs. 0.80 per equity share (40% on face value of Rs. 2), totaling approximately Rs. 9.17 Crores, with October 3, 2025 set as the record date and payment to be made by October 25, 2025. The Board also approved a sub-division (stock split) of 1 equity share of Rs. 2 face value into 2 shares of Rs. 1 each, and a bonus issue in the ratio of 4:1, meaning 4 bonus shares of Rs. 1 each for every 1 share held. To accommodate these actions, the authorised share capital will be increased from Rs. 28 Crore to Rs. 120 Crore, with a corresponding amendment to the MoA. An Extraordinary General Meeting (EGM) has been scheduled for October 25, 2025, to seek shareholder approval for the split, bonus, and capital increase, with the cut-off date for e-voting eligibility set as October 17, 2025.
These are shareholder-friendly actions — the dividend provides an immediate cash return, the stock split aims to improve share liquidity and affordability, and the 4:1 bonus issue effectively multiplies the shareholder's share count fivefold (post-split), though the underlying value of the holding remains largely unchanged. Overall, this is a positive signal for retail investors, reflecting management's confidence and commitment to rewarding shareholders.