Algoquant Fintech Ltd — Updates, 03-07-2025: Company Update

Algoquant Fintech Limited has announced a board meeting on which it approved increasing its authorized share capital from Rs. 3.5 Cr to Rs. 30 Cr, subject to shareholder approval. The company will subdivide its equity shares from Rs. 2 face value to Rs. 1, doubling the number of shares to enhance liquidity and attract retail investors. It also approved issuing bonus shares in an 8:1 ratio by capitalizing Rs. 24.98 Cr from free reserves, pending shareholder approval. These moves aim to make shares more affordable and reward existing shareholders, supporting broader investor participation.