Along with these proposals, the board will also be considering a dividend payout for shareholders.
This will be the first instance after 10 years that Fineotex Chemicals will be considering a bonus issue and a stock split for its shareholders.Back in 2015, Fineotex Chemicals had announced a 1:1 bonus issue, rewarding shareholders with one bonus share for every one share held. Additionally, it also announced that it will be dividing one equity share of face value of ₹10 into five equity shares of face value of ₹2 each.
It is likely that the stock split will be in the 1:1 ratio, as the share of ₹2 each can only be split into two shares of ₹1 each.
Companies generally carry out a stock split to make it easier for shareholders to buy or sell their shares, as it increases the liquidity in the stock. A stock split divides a company’s stock into more shares, lowering the price and increasing the number of shares available to trade.
Shares of Fineotex Chemicals are now trading 16% higher at ₹269.25. The stock has been an underperformer in 2025 so far, declining 22%.