Algoquant Fintech Limited has informed about 62nd AGM pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Algoquant Fintech has informed BSE that its 62nd Annual General Meeting will be held on Monday, September 29, 2025 at 4:00 PM via video conferencing. The cut-off date for e-voting eligibility is September 22, 2025, and remote e-voting runs from September 25 (9:00 AM) to September 28, 2025 (5:00 PM). Alongside routine items like adoption of FY25 financials and re-appointment of a director, shareholders will vote on several major proposals: raising the borrowing limit under Section 180(1)(c) to Rs. 1,000 Crores, increasing the charge-creation limit under Section 180(1)(a) to Rs. 1,000 Crores, and authorising loans/investments/guarantees up to Rs. 1,000 Crores. The notice also seeks approval for material related-party transactions with promoter entities (Algoquant Financials LLP – Rs. 400 Cr, promoters Dhruv and Devansh Gupta – Rs. 501.25 Cr each, Growth Securities, Vardan Securities, Devansh Real Estate – Rs. 80 Cr each, and Dhruv Devansh Investment & Finance LLP – Rs. 77 Cr) and a 5-year appointment of the secretarial auditor.
Shareholders should review these resolutions carefully, as they collectively permit significantly higher borrowing, lending, and related-party exposure (totalling over Rs. 2,800 Crores in proposed RPT limits). Approval would give the board wide financial flexibility but also concentrates substantial counterparty activity with promoter-related entities, which minority shareholders may want to scrutinise.