Fineotex Chemical Limited has informed the Exchange that Board of Directors at its meeting held on September 27, 2025, declared Interim Dividend of Rs. 0.80 per equity share.
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Fineotex Chemical's Board of Directors approved several corporate actions at its meeting on September 27, 2025. The company declared an interim dividend of Rs. 0.80 per equity share (40% on face value of Rs. 2), aggregating to about Rs. 9.17 Crores, with October 3, 2025 as the record date and payment by October 25, 2025. The Board also approved a sub-division (stock split) of 1 equity share of Rs. 2 face value into 2 equity shares of Rs. 1 face value, aimed at improving liquidity and retail participation. Additionally, a bonus issue in the ratio of 4:1 (4 bonus shares for every 1 held) was approved, involving approximately 91.66 crore bonus shares to be issued from the Securities Premium Account. Authorised share capital will also be increased from Rs. 28 Crore to Rs. 120 Crore. All these actions, except the dividend, are subject to shareholder approval at an EGM scheduled for October 25, 2025.
Shareholders benefit from a combination of cash dividend, improved share affordability (stock split), and a significant 4:1 bonus issue that will expand their shareholding fivefold. These actions typically improve liquidity, broaden retail participation, and are generally viewed positively by the market, though the stock may see short-term price adjustments after the split and bonus become effective.