Fineotex Chemical Limited has informed the Exchange that the Board of Directors at its meeting held on September 27, 2025, has considered and approved subdivision of 114575090 equity shares of 2 each into 229150180 equity shares of 1 each.
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Fineotex Chemical's board has approved an interim dividend of Rs. 0.80 per share (40%) on the existing Rs. 2 face value, totalling about Rs. 9.17 crores, with a record date of October 3, 2025. The board also approved a sub-division (stock split) of 1 equity share of Rs. 2 into 2 equity shares of Rs. 1, taking the share count from 11.46 crore to 22.92 crore. Additionally, a 4:1 bonus issue was approved, meaning 4 bonus shares of Rs. 1 each for every 1 share held, to be issued from the Securities Premium Account (free reserves of Rs. 415.72 crores and securities premium of Rs. 189.48 crores as of March 31, 2025). The authorised share capital is proposed to be raised from Rs. 28 crore to Rs. 120 crore. All split and bonus items are subject to shareholder approval at an EGM on October 25, 2025.
Short-term: stock price typically adjusts downward on the ex-date to reflect the split and bonus, so the per-share price will look cheaper but total holdings remain the same. Shareholders get immediate cash via dividend, and the split plus bonus should improve liquidity and broaden retail participation. Net effect on wealth is neutral; the dividend payout of Rs. 9.17 crores is modest relative to the company's reserves.