Algoquant Fintech Ltd — Others, 04-07-2025: AGM/EGM

Algoquant Fintech Limited has announced a postal ballot seeking shareholder approval for several key corporate actions. These include increasing the authorised share capital from Rs. 3.5 Cr to Rs. 30 Cr to support future capital needs, and amending the Articles of Association to explicitly permit issuance of bonus shares. The company proposes a 1:2 stock split, reducing the equity share face value from Rs. 2 to Re. 1 to improve liquidity and affordability. Additionally, a bonus issue of 8 shares for every 1 held is planned, capitalizing Rs. 24.98 Cr from reserves to reward shareholders. Mr. Dhruv Gupta has been appointed Whole-time Director for five years with an annual salary of Rs. 96 lakh. The registered office will shift from Ahmedabad to GIFT City, Gandhinagar for administrative convenience. These moves aim to strengthen equity structure, enhance shareholder value, and support growth.