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

Algoquant Fintech Limited has announced a board meeting that approved a proposal to increase its authorized share capital from Rs. 3.5 Cr to Rs. 30 Cr by creating an additional 13.25 crore equity shares of Rs. 2 each, subject to shareholder approval. The company will sub-divide its existing equity shares from Rs. 2 each into two shares of Rs. 1 each to improve liquidity and encourage retail participation. Algoquant also plans to issue bonus shares in the ratio of 8:1 by capitalizing Rs. 24.98 Cr from free reserves, expanding the equity base significantly once approved. The changes are aimed at enhancing shareholder value and widening equity participation.