Fineotex Chemical Gets 99.99% Shareholder Nod For Bonus Issue And Stock Split

Through a video conference, Fineotex Chemical Limited said that its Extraordinary General Meeting (EGM), which took place on October 25, 2025, had ended successfully. All three proposals were overwhelmingly adopted by shareholders during the meeting. These included issuing bonus shares, a split of equity shares, and increasing authorized share capital.

As per a regulatory filing, each resolution received 99.99% votes in favour, reflecting strong investor confidence. A total of 74,267,628 votes were polled, representing 64.82% of the company's outstanding shares.

The company confirmed that promoters, public institutions, and non-institutional shareholders all supported the proposals, with minimal opposition.
The e-voting procedure and results were verified by the scrutinizer, Mr. Hemant Shetye of HSPN & Associates LLP, and reported to the BSE and NSE in accordance with the SEBI (LODR) Regulations, 2015.

During a meeting held on September 27, 2025, the Board of Directors of Fineotex Chemical had recommended sub-division of 1 equity share of face value of Rs. 2/- each fully paid-up into 2 equity shares of face value of Rs. 1/- each fully paid-up, and also issue of bonus equity shares in the ratio of 4:1 i.e., 4 bonus equity shares of Rs. 1/- each for every 1 equity share of Rs. 1/- each fully paid-up. The record date for both corporate actions is yet to be announced.

The stock split corporate move is aimed at enhancing share liquidity and affordability, thereby making the company's equity shares more accessible to a broader base of retail investors. Following the subdivision, the paid-up and subscribed capital will grow from 11,45,75,090 shares to 22,91,50,180 shares, with the face value adjusted appropriately.

The authorized share capital will also increase from 14,00,00,000 shares of Rs 2 each to 120,00,00,000 shares of Rs 1 each. Subject to the necessary authorizations, the company anticipates completing this corporate action by November 25, 2025, at the latest.

A bonus issue of 4:1 has been announced by Fineotex Chemical Limited, which means that for every current fully paid-up equity share of Rs 1 owned, shareholders would receive four fully paid-up equity shares of Rs 1 apiece. The company proposes to issue around 91,66,00,720 bonus equity shares, each worth Rs 1.

The Securities Premium Account, which had a balance of Rs 91.66 crore as of March 31, 2025, will be used to issue the bonus shares. The authorized share capital remains unchanged at 120,00,00,000 shares of Rs 1 each, while the company's paid-up and subscribed share capital will rise from 22,91,50,180 shares to 114,57,50,900 shares following the bonus issue.

A publicly traded international corporation, Fineotex Chemical Limited produces speciality chemicals for a range of applications, including home care, hygiene, and textiles. Founded in 1979, it is well-known in India and has grown its production and research and development with facilities in Ambernath, Navi Mumbai, and a subsidiary in Malaysia.