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

Algoquant Fintech Limited has announced a board meeting to approve a five-fold increase in its authorized share capital from Rs. 3.5 Cr to Rs. 30 Cr, subject to shareholder approval. The company plans to split its equity shares, halving the face value from Rs. 2 to Rs. 1 per share to improve liquidity and attract retail investors. It also intends to issue fully paid bonus shares at an 8:1 ratio, meaning shareholders will get 8 new shares for every 1 existing share, by capitalising on free reserves totaling Rs. 24.98 Cr. These measures aim to enhance market participation and reward shareholders.