Shares of Fineotex Chemical are likely to be in focus in the next trading session on Monday as the company informed exchanges about successfully holding of Extraordinary General Meeting on Saturday October 25. Earlier on Friday shares of Fineotex Chemical were up 3.31 per cent and closed at ₹255.99 apiece. The chemical stock has been trading in green in the near-term soared over 5.56 per cent in five days and 2.12 per cent in a month. In an exchange the company announced the successful conclusion of its Extraordinary General Meeting (EGM) held on Saturday via video conferencing. During the meeting shareholders overwhelmingly approved all three proposals — the issuance of bonus shares the subdivision of equity shares and an increase in authorized share capital. “We wish to inform you that the Extraordinary General Meeting (“EGM”) of the members of Fineotex Chemical Limited was held on Saturday October 25 2025 at 03.00 PM (IST) through Video Conferencing/Other Audio Visual Means where all the resolutions as set out in the Notice convening the said EGM have been transacted” the company said in the filing. As per the regulatory filing each resolution garnered a 99.99% affirmative vote indicating robust investor confidence. A total of 74267628 votes were recorded representing 64.82% of the companys outstanding equity. The company reported comprehensive support for the proposals from promoters public institutions and non-institutional investors with minimal opposition. The e-voting process and its results were validated by Mr. Hemant Shetye of HSPN & Associates LLP and subsequently reported to the BSE and NSE adhering to SEBI (LODR) Regulations 2015. On September 27 2025 the Board of Directors proposed a stock split dividing each ₹2 equity share into two ₹1 equity shares alongside the issuance of bonus equity shares at a 4:1 ratio equating to four ₹1 bonus shares for every one equity share held. The record date for these corporate actions will be announced in due course. Post-share subdivision the companys paid-up and subscribed capital will increase from 114575090 shares to 229150180 shares with a corresponding adjustment in face value. Furthermore the authorized share capital will be revised from 140000000 shares of ₹2 each to 1200000000 shares of ₹1 each. Subject to regulatory approvals the company anticipates completing this corporate action by November 25 2025. The bonus shares will be issued utilizing the Securities Premium Account which held a balance of ₹91.66 crore as of March 31 2025. Following the bonus issue the authorized share capital will remain at 1200000000 shares of ₹1 each while the paid-up and subscribed capital will increase from 229150180 shares to 1145750900 shares.