Fineotex Chemical Share Price Alert! Ashish Kacholia’s Stock Sets Record Date For Bonus & Split; Buy Today?

A major corporate action that will greatly benefit Fineotex Chemical Limited's shareholders has been disclosed. Fineotex has stated that a stock split and bonus issue will take place after being approved at the company's Extraordinary General Meeting (EGM) on October 25, 2025. The company will sub-divide each equity share of Rs 2 into two shares of Rs 1 each, alongside issuing 4 bonus equity shares for every 1 share held post-split. The record date for determining eligible shareholders has been set for which the details have been covered below along with the stock outlook.

Fineotex Chemical Record Date For Stock Split & Bonus Shares

For the purpose of 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 issue of bonus equity shares in the ratio of 4:1 i.e., 4 bonus equity share of face value Rs. 1/- each for every 1 equity share of face value Rs. 1/- each, fully paid up, the Board of Directors of Fineotex Chemical has fixed Friday, October 31, 2025 as the record date for the purpose of determining the shareholders eligible for the sub-division of existing equity shares and issuance of bonus equity shares of the company as per a regulatory filing dated, 27th October.

"Further, in accordance with SEBI circular no. CIR/CFD/PoD/2024/122 dated September 16, 2024, the deemed date of allotment of bonus equity shares shall be Monday, November 03, 2025," said Fineotex Chemical in a stock exchange filing on Monday.

Ashish Kacholia's Stake In Fineotex Chemical

According to details on the firm's shareholding pattern available on the BSE, well-known investor Ashish Kacholia owned 30,00,568 equity shares in Fineotex Chemical during the quarter that ended in September 2025, or Q2FY26. This represents a 2.62% stake in the company.

Fineotex Chemical Target Price

"The stock trades above key short-term averages, indicating a mildly bullish trend. Strong support is seen near ₹235-₹228, while immediate resistance lies at ₹260-₹280. A decisive breakout above ₹260 could trigger further upside towards ₹285-₹300 levels. RSI near 62 reflects positive momentum without overbought pressure. Sustaining above ₹244 will maintain strength, while a fall below ₹230 may weaken the trend. Overall outlook remains positive with scope for continued gains on strong volume action," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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