Archive · 26 Oct 2025
Fineotex Chemical to be in Focus After Successful EGM
Fineotex Chemical, a company that Ashish Kacholia has invested in, had a meeting where shareholders voted on some big changes.
They voted to give out extra shares, divide each share into two, and allow the company to issue more shares in the future.
Nearly all shareholders approved all of the proposals.
This is a sign of confidence from investors in the company.
These changes could make shares more accessible.
The changes are expected to be completed by November 25, 2025.
This means that the value of each share might be adjusted soon.
As of March 31, 2025, there was approximately ₹91.66 crore available to use to give out these shares.
Fineotex Chemical held an Extraordinary General Meeting on October 25.
Shareholders approved bonus shares, share subdivision, and increased capital.
Nearly all votes were in favor of the proposals.
The stock split will divide one ₹2 share into two ₹1 shares.
The record date for these corporate actions will be announced later, with expected completion by November 25, 2025.
- Who
- Fineotex Chemical shareholders
- What
- Approved proposals including bonus shares and share subdivision at an EGM
- When
- October 25, 2025 (EGM)
- Where
- Held via video conferencing
- Why
- To issue bonus shares, split shares, and increase authorized capital
- Company
- Fineotex Chemical
- Event
- Extraordinary General Meeting (EGM)
- Date of EGM
- October 25, 2025
- Share Price (Friday)
- ₹255.99
- Proposals Approved
- Bonus shares, share subdivision, increased capital
- Bonus Share Ratio
- 4:1
- Authorized Capital Increase
- ₹2 to ₹1