Synopsis:
Fineotex Chemical Ltd’s shares gained after the company fixed October 31, 2025 as the record date for its 1:2 stock split and 4:1 bonus issue. The move follows approval at the recent Extraordinary General Meeting and aims to enhance liquidity and shareholder participation in the specialty chemicals maker.
A Chemical Stock came into focus after announcing a twin corporate action involving a share split and bonus issue. The stock gained on Tuesday, reflecting positive sentiment toward the company’s shareholder-friendly initiatives.
Fineotex Chemical Ltd, with a market capitalization of Rs. 2,928.54 crore, opened at Rs. 259.65 after a previous close of Rs. 254.05 and touched an intraday high of Rs. 259.65, marking a gain of 2.20 percent from the last closing price.
What’s the News?
At its Extraordinary General Meeting held on October 25, 2025, Fineotex Chemical Limited approved two key resolutions: the sub-division of its equity shares and the issuance of bonus shares.
The company has approved the split of 1 fully paid-up equity share of face value Rs. 2 each, into 2 equity shares of face value Rs. 1 each, fully paid-up. Additionally, a bonus issue was approved in the ratio of 4 equity shares for every 1 existing share of face value Rs. 1 each.
The company’s Board of Directors has set Friday, October 31, 2025, as the record date to determine shareholder eligibility for the stock split and bonus issue. The deemed date of allotment for the bonus shares is fixed for Monday, November 3, 2025. The move is expected to increase liquidity and broaden the investor base by making the shares more affordable.
Financial Snapshot – Q1 Summary
On a quarter-on-quarter basis, Fineotex Chemical reported strong sequential improvement in Q1FY26. Sales rose from Rs. 120 crore to Rs. 137 crore, an increase of 14.2 percent. Operating profit advanced from Rs. 21 crore to Rs. 25 crore, up 19.0 percent, while profit before tax grew from Rs. 26 crore to Rs. 31 crore, registering a rise of 19.2 percent. Net profit jumped from Rs. 20 crore to Rs. 25 crore, a gain of 25 percent quarter-on-quarter.
However, on a year-on-year comparison, the company posted a moderate decline. Revenue slipped from Rs. 142 crore to Rs. 137 crore, down 3.5 percent. Operating profit decreased from Rs. 35 crore to Rs. 25 crore, a fall of 28.6 percent, while profit before tax declined from Rs. 38 crore to Rs. 31 crore, lower by 18.4 percent. Net profit also contracted from Rs. 29 crore to Rs. 25 crore, marking a 13.8 percent drop year-on-year.
About the Company
Fineotex Chemical Limited is a leading manufacturer of textile chemicals, auxiliaries, and specialty chemicals in India. Its product portfolio includes chemicals used in pre-treatment, dyeing, printing, and finishing, as well as enzymes, water treatment, and oilfield solutions. The company also provides cleaning and hygiene formulations catering to home care, institutional, and industrial applications. Its diversified range serves industries such as textiles, home and personal care, leather, construction, paint, agrochemicals, adhesives, and water treatment.
Written by Manan Gangwar
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