Allotment of Securities pursuant to Bonus Issue
ALGOQUANT · price
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Algoquant Fintech has allotted 24,98,63,136 bonus equity shares of Re. 1 each to eligible members in an 8:1 ratio (8 bonus shares for every 1 existing share held). The record date for the bonus issue was August 18, 2025. Following the allotment, the company's paid-up equity share capital increased from 3,12,32,892 shares to 28,10,96,028 shares, a roughly 9-fold rise. The newly allotted shares will rank pari-passu with existing equity shares, including entitlement to dividends and other corporate benefits declared after the allotment date.
This is a large bonus issue that expands the share base by 800%, which typically dilutes the stock price proportionally on the ex-date but does not change the company's overall value for shareholders. Shareholders holding shares as of the record date will receive 8 additional shares for each share owned.