Small-cap stock Fineotex Chemical surged nearly 17% in Thursday’s trading session as the company announced a board meeting to consider a host of corporate actions in the week ahead.
Fineotex Chemical, part of Ashish Kacholia’s portfolio, announced last evening that a meeting of the Board of Directors is scheduled to be held on Saturday, September 27, to consider and approve the declaration of an interim dividend, sub-division of existing shares having a face value of ₹2 and issue of bonus shares to existing shareholders of the company.
The trading window for dealing in the securities of the Company will be closed till the end of 48 hours after the conclusion of the meeting of the Board of Directors scheduled on September 27, 2025, it added.
Ace investor Ashish Kacholia holds 31,35,568 shares of Fineotex Chemical, representing a 2.74% stake.
If approved, it will be the first stock split and bonus issue by the company in 10 years. The company in 2015 had announced a stock split in a 1:5 ratio, while the bonus allotment was in the ratio of 1:1. Meanwhile, the last dividend announcement by the company was of ₹0.40 for which the record date was September 12.
