Algoquant Fintech Ltd — Dividend/Bonus, 03-07-2025: Corp. Action

Algoquant Fintech Limited has announced a board meeting to approve an increase in authorized share capital from Rs. 3.5 Cr to Rs. 30 Cr, subject to shareholder approval. The company plans to split each equity share of Rs. 2 face value into two shares of Rs. 1 each to enhance liquidity and attract retail investors. Additionally, it proposes issuing bonus shares in the ratio of 8:1 by capitalizing Rs. 24.98 Cr from free reserves. These moves aim to improve share affordability and reward existing shareholders, with implementation expected within two months of approval.