Shares of Fineotex Chemical Ltd (FCL) surged nearly 7% to Rs 261.71 on Monday after the Board of Directors approved a series of shareholder-friendly corporate actions, including a stock split, bonus issue, and dividend payout.
The Board approved a stock split in the ratio of 1:2, meaning one equity share of face value Rs 2 will be subdivided into two equity shares of face value Rs 1 each. Additionally, shareholders will receive four bonus shares for every one share held (4:1), significantly increasing the company’s share capital base.
Alongside, the company announced an interim dividend of 40% (Rs 0.80 per share), aggregating to approximately Rs 9.17 crore. The record date for the dividend has been fixed as October 3, 2025, with the payout scheduled on or before October 25, 2025.
The company stated that these corporate actions aim to enhance liquidity, affordability, and retail investor participation. The entire exercise is expected to be completed on or before November 25, 2025, subject to shareholder and regulatory approvals.
Shares of Fineotex have rallied on the back of this announcement, reflecting investor optimism over the improved accessibility and increased reward potential from the stock.