Fineotex Chemical fixes Oct 31 as record date for share split, 4:1 bonus issue
Published on 27/10/2025 04:45 PM
Fineotex Chemical fixes Oct 31 as record date for share split, 4:1 bonus issueThe company's shares have fallen 26% in the year-to-date period. The stock ended 0.9% lower at a price of ₹253.95 on NSE today. By Poonam Behura October 27, 2025, 4:45:57 PM IST (Published)2 Min ReadFineotex Chemical Ltd on Monday said it has fixed Oct 31, 2025, as the record date to determine shareholders eligible for its stock split and bonus issue, following approvals granted at the company’s extraordinary general meeting (EGM) held on Oct 25.
In a filing to the Bombay Stock Exchange and the National Stock Exchange, the company said shareholders had approved the sub-division of one equity share of face value ₹2 each into two equity shares of ₹1 each, fully paid up. The board also approved the issuance of four bonus shares for every one share held after the subdivision.
Fineotex said the decision is in line with the company’s efforts to enhance liquidity, widen retail participation, and reward shareholders for their continued support. The deemed date of allotment for the bonus shares has been fixed as Nov 3, 2025, in accordance with the Securities and Exchange Board of India’s (SEBI) circular issued on Sept. 16, 2024.
The corporate action follows earlier communications dated Sept 27 and Oct 25, where the company had informed exchanges about its intent to consider both the stock split and the bonus issue.
“The sub-division and bonus issuance reflect the company’s strong financial position and commitment to creating long-term value for its shareholders,” Fineotex Chemical said in the exchange filing.
Fineotex Chemical, a specialty chemical manufacturer catering to the textile, home care, and hygiene industries, has been expanding its product portfolio and global presence in recent years.
The company's shares have fallen 26% in the year-to-date period. The stock ended 0.9% lower at a price of ₹253.95 on NSE today.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market today