Fineotex Chemical Limited Announces Stock Split and Bonus Shares for Shareholders on October 31, 2025

Fineotex Chemical Limited has announced a significant corporate action that will benefit its shareholders. The company plans to implement a stock split and issue bonus shares, following approval at its Extraordinary General Meeting (EGM) on October 25, 2025. Each equity share of Rs 2 will be divided into two shares of Rs 1 each. Additionally, shareholders will receive four bonus shares for every share held after the split.

The Board of Directors at Fineotex Chemical has set October 31, 2025, as the record date. This date is crucial for determining which shareholders are eligible for the stock split and bonus shares. The company will divide each Rs 2 share into two Rs 1 shares and issue four bonus shares for every one share held post-split. This information was disclosed in a regulatory filing dated October 27.

"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.

Renowned investor Ashish Kacholia holds a significant stake in Fineotex Chemical. As per the company's shareholding pattern on the BSE for the quarter ending September 2025 (Q2FY26), Kacholia owned 30,00,568 equity shares. This amounts to a 2.62% ownership in the company.

Fineotex Chemical Target Price

Riyank Arora, a technical analyst at Mehta Equities Ltd., commented on the stock's performance. "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," he noted.

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