Ashish Kacholia-backed smallcap stock soars 17% as board to mull bonus issue, stock split on Sept 27. Do you own?

The smallcap specialty chemical stock witnessed strong investor interest after the company informed exchanges that its Board of Directors will meet on Saturday, September 27, to consider several key proposals.

In its filing, Fineotex Chemical said the Board will discuss the declaration of an interim dividend, consider a sub-division or split of its existing equity shares with a face value of Rs 2 each, and evaluate the issue of bonus shares to existing shareholders.

“Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that a meeting of the Board of Directors of the company is scheduled to be held on Saturday, September 27, 2025, inter-alia to consider and approve: 1. The declaration of an Interim Dividend, if any. 2. The alteration in the share capital of the Company by sub-division/split of existing equity shares having face value of Rs 2 each fully paid up, in such manner as may be determined by the Board of Directors and such authorities as may be required under Section 61 of the Companies Act, 2013. 3. The issue of Bonus Shares to the existing equity shareholders of the Company,” the company said in its stock exchange filing.

The Board also informed that it will consider an increase in authorised share capital and consequential amendments to the capital clause of the Memorandum of Association. The company added that the trading window for dealing in its securities will remain closed until 48 hours after the conclusion of the board meeting.

According to the latest shareholding data, ace investor Ashish Kacholia holds 31,35,568 shares of Fineotex Chemical, translating into a 2.74% stake in the company. His holding has been closely tracked by market participants and often draws additional focus to the stock during major corporate developments.Also read: Tata Motors shares drop over 2% as reports flag potential £2 billion cyberattack hit for JLR(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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