Fineotex Chemical Ltd (FCL has announced both a stock split and a bonus issue for its shareholders. You can check the announcement from the company here.
Stock Split Details:
- Company: Fineotex Chemical Ltd (FCL)
- Stock Split Ratio: 2:1 (Each existing share of ₹2 face value will be subdivided into 2 shares of ₹1 each)
- Record Date: October 31, 2025
- Ex-Date: October 31, 2025
- Pre-Ex Date: October 30, 2025
Bonus Issue Details:
- Bonus Issue Ratio: 4:1 (Shareholders will receive 4 additional shares for every 1 share held)
- Record Date: October 31, 2025
- Ex-Date: October 31, 2025
- Pre-Ex Date: October 30, 2025
What Does This Mean for FCL Shareholders?
Stock Split:
- Stock Split Ratio: 2:1
- Your existing 1 share of ₹2 face value will be subdivided into 2 shares of ₹1 each.
- Example: If you hold 100 shares at ₹248 each, your holdings will increase to 200 shares at ₹124 each (approx).
Bonus Issue:
- Bonus Issue Ratio: 4:1
- After the stock split, for every 1 share held, you will receive 4 additional shares.
- Continuing the above example, if you hold 200 shares post-split, you will receive 800 bonus shares, increasing your total holdings to 1,000 shares.
- The stock price after both the split and bonus issue will adjust proportionately to around ₹24.80 per share (approx), but your total investment value remains ₹24,800.
Who is eligible for the Split and Bonus Issue?
To qualify for both the stock split and bonus issue, shareholders must hold shares of FCL on or before the cum-date (October 30, 2025). The record date for both actions is October 31, 2025.
When will the split and bonus shares reflect in my demat account?
Stock Split: The split shares will be credited to your demat account within 2–3 working days from the record date (October 31, 2025). During this period, the shares may not be visible in your holdings. The P&L may show a temporary variation until the new shares are credited.
Bonus Shares: The bonus shares are credited to your demat account within T+2 days from the record date (October 31, 2025). Initially, they may appear under a temporary ISIN and will take 4–5 working days to be assigned a permanent ISIN. Once assigned, the shares will reflect in your trading account and be available for trading.
Can I sell my shares before the split or bonus shares are credited?
Before Split Shares are credited: Yes, you can sell your shares before the split shares are credited. The shares sold will be adjusted for the stock split, and the remaining split shares will be credited to your account within 2–3 working days after the record date.
Before Bonus Shares are credited: Yes, you can sell your shares normally before the bonus shares are credited. This will not affect your trades or your P&L, as the bonus shares will be allotted based on your holdings as of the record date (October 31, 2025).