Algoquant Fintech Limited has informed about Outcome of Postal Ballot in terms of Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended)
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Algoquant Fintech Limited concluded its postal ballot (e-voting from July 5 to August 3, 2025) with all six resolutions passed with overwhelming majority (over 99.99% in favour on most items). Key approvals include a stock split reducing face value from Rs. 2 to Rs. 1, issuance of bonus shares in 8:1 ratio, increase in authorised share capital, and alteration of Articles of Association. Shareholders also approved the appointment of Mr. Dhruv Gupta as Whole Time Director and the shifting of the registered office outside local limits. Voting turnout was healthy at 78.62% of outstanding shares (1.22 crore out of 1.56 crore), with promoters holding 1.15 crore shares voting 100% in favour on all non-conflicted resolutions (they abstained on the WTD appointment).
Retail shareholders will receive 8 bonus shares for every 1 held and see their existing shares split into half-value units, which usually boosts liquidity and lowers the per-share price. These are value-neutral corporate actions – your total holding value stays the same, though share count multiplies. The new director appointment and office relocation signal potential strategic expansion.