Stock market update: THIS company’s shares to trade ex-split from tomorrow- Check key details here

The company stated in its filing that it will issue bonus shares in a 4:1 ratio.

Shares of Fineotex Chemical Ltd., a small-cap chemical company, are trading up 1% today. The company recently announced a bonus share issue and stock split, with the record date tomorrow, Friday, October 31st. The company’s stock was trading at Rs 251.95, up 1.01% or Rs 2.53 on the NSE, while on the BSE, the stock was trading at Rs 251.95, up 0.96% or Rs 2.40.

Fineotex Chemical Stock Split

The company stated in its filing that it will split its stock in a 1:2 ratio. This means that it will split one equity share with a face value of ₹2 into two equity shares with a face value of ₹1.

Fineotex Chemical Bonus Share

The company will issue these bonus shares after the stock split, when the face value of one equity share becomes ₹1.

The company stated in its filing that it will issue bonus shares in a 4:1 ratio. This means that for every one existing equity share with a face value of ₹1, the company will issue four equity shares with a face value of ₹1 as a free bonus.

The company had earlier fixed October 31, 2025 as the record date to determine the eligibility of shareholders for these corporate actions. The company will first split the face value and then issue bonus shares.

Upon post-share subdivision, the company’s paid-up and subscribed capital will increase from 11,45,75,090 shares to 22,91,50,180 shares, with a corresponding adjustment to the face value.

Furthermore, the authorised share capital will be revised from 14,00,00,000 shares of Rs 2 each to 120,00,00,000 shares of Rs 1 each. Subject to regulatory approvals, the company anticipates completing this corporate action by November 25, 2025.

According to information available on BSE, the company last issued a bonus in the ratio of 1:1 around 10 years ago, i.e., in 2015. According to BSE Analytics, the stock has surged 955 per cent in 10 years and 734 per cent in five years. However, it has corrected 33 per cent in three years and 13 per cent in two years.