Fineotex Chemical shares rise 12% as board to mull dividend, bonus share

ck rise ahead of board meet to consider dividend. 

Shares of Fineotex Chemical Ltd surged nearly 17 percent intraday on Thursday after the company said its board will meet later this week to consider corporate actions including an interim dividend, bonus shares and a stock split.

The stock touched an intraday high of Rs 270.80 on the NSE, gaining nearly 17 percent. Around 11 am, it was trading at Rs 259.75 apiece, up 11.89 percent.

In a filing to the exchanges, the company said the board of directors will meet on Saturday, September 27, to consider the declaration of an interim dividend, if any, the sub-division of equity shares with a face value of Rs 2 each, and the issue of bonus shares to existing shareholders.

Star investor Ashish Kacholia also hold a 2.74 percent stake in the company as of June 2025, according to shareholding data available on the exchanges.

Fineotex Chemical, part of the S&P BSE SmallCap index, operates in the specialty chemicals segment. Headquartered in Mumbai, the company manufactures textile auxiliaries, specialty chemicals and adhesives, serving both domestic and overseas markets.

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