Algoquant Fintech Limited has informed about Scrutinizer''s Report on Postal Ballot in terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
ALGOQUANT · price
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Algoquant Fintech Limited (BSE: 505725) announced that all six resolutions in its postal ballot (e-voting period: July 5 to August 3, 2025) were passed with overwhelming majority, with results declared on August 4, 2025. Key corporate actions approved include: (1) increase in authorised share capital, (2) alteration of Articles of Association, (3) sub-division/split of equity share face value from Rs. 2 to Rs. 1, and (4) issuance of bonus shares in an 8:1 ratio. Additionally, Mr. Dhruv Gupta (DIN: 06920431) was appointed as Whole-Time Director, and the company received approval to shift its registered office outside the local limits. Overall, about 78.6% of total shares (1.22 crore out of 1.56 crore) were polled, with over 99.99% voting in favour of resolutions 1, 2, 3 and 6, and 99.99% in favour of the bonus issue. The promoter group (1.15 crore shares) voted 100% in favour on all resolutions except the WTD appointment, where they did not vote due to being related/interested.
Shareholders can expect a stock split (face value halving from Rs. 2 to Rs. 1) and an 8:1 bonus share issuance, which will significantly expand the share count and improve liquidity but likely lower the per-share price proportionally. The capital structure changes and new WTD appointment signal upcoming corporate actions and potential growth plans for retail investors to monitor.