Fineotex Chemical Limited , a prominent player in the chemical industry, recently conducted an Extraordinary General Meeting (EGM) to discuss and vote on significant corporate actions. The meeting, held on October 25, 2025, through video conferencing, saw the participation of 50 members and was chaired by Executive Director Mrs. Aarti Jhunjhunwala.

Key Proposals

The EGM agenda included three special resolutions:

1. Increase in authorized share capital with consequential alteration in the Memorandum of Association
2. Sub-division/split of equity shares with related amendments
3. Issuance of bonus shares

These proposals, if approved, could potentially impact the company's capital structure and shareholder value.

Meeting Details

Notable Attendees

The meeting saw virtual participation from key company officials:

Voting Process and Results

The company provided remote e-voting facilities through NSDL for shareholders to cast their votes on the proposed resolutions. The voting results are expected to be declared within two working days of the EGM conclusion and will be filed with the stock exchanges.

Investor Relations

Fineotex Chemical has encouraged shareholders to reach out with any additional queries or concerns via email at investor.relations@fineotex.com , demonstrating their commitment to transparent communication with stakeholders.

The outcome of this EGM could potentially lead to significant changes in Fineotex Chemical's share structure and capital allocation. Shareholders and market observers will be keenly awaiting the voting results and subsequent implementation of these corporate actions, if approved.

Fineotex Chemical , a prominent player in the specialty chemicals industry, has made a significant announcement that is set to benefit its shareholders. The company's board has approved two major corporate actions: a stock subdivision and a bonus issue.

Stock Subdivision

Fineotex Chemical has given the green light to a stock subdivision, also known as a stock split, in the ratio of 1:2. This means that each existing share of the company will be split into two shares. The move is aimed at increasing the liquidity of the company's shares in the stock market and making them more accessible to a wider range of investors.

Bonus Issue

In addition to the stock split, the company has also approved a generous bonus issue in the ratio of 4:1. Under this scheme, shareholders will receive four additional shares for every one share they currently hold. This bonus issue effectively rewards existing shareholders by increasing their shareholding without any additional cost to them.

Impact on Shareholders

The combined effect of these corporate actions will be substantial for Fineotex Chemical's shareholders:

1. Increased Number of Shares: For every one share held before these corporate actions, a shareholder will end up with 10 shares after both the split and bonus issue are implemented.
2. Enhanced Liquidity: The stock split is likely to improve the trading liquidity of Fineotex Chemical's shares in the market.
3. Broader Investor Base: The reduced price per share following the split may attract more retail investors, potentially broadening the company's investor base.
4. Wealth Effect: While the overall value of a shareholder's holding remains the same, the psychological effect of owning more shares can be positive for investors.

It's important to note that these corporate actions do not directly impact the company's fundamentals or overall market capitalization. However, they are often seen as a sign of confidence from the management in the company's future prospects.

Shareholders and potential investors should keep an eye out for further announcements from Fineotex Chemical regarding the record date and ex-date for these corporate actions, as well as any regulatory approvals required to implement these changes.