Fineotex Chemical EGM approves capital restructuring, bonus shares

Fineotex Chemical Limited held its extraordinary general meeting (EGM) on Saturday, October 25, 2025, via video conferencing. The meeting commenced at 3:00 PM (IST) and concluded at 3:40 PM (IST), with 50 members attending.

During the EGM, shareholders passed three key ordinary resolutions. These included the approval to increase the authorized share capital and a consequential alteration in the capital clause of the memorandum of association. Additionally, resolutions for the sub-division/split-off of equity shares, with a corresponding alteration to the capital clause, and the issue of bonus shares were also approved.

Cs Hemant Shetye, designated partner of HSPN & Associates LLP, company secretaries, was appointed as scrutinizer for the voting process. The results of the remote e-voting and e-voting during the EGM are expected to be declared within two working days of the meeting's conclusion and will be filed with the stock exchange and uploaded on the company's website.