Brief Proceedings of the 62nd Annual General Meeting held on September 29, 2025
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Algoquant Fintech held its 62nd AGM on Monday, September 29, 2025, starting at 4:00 PM via video conferencing, chaired by Director Mr. Dhruv Gupta with all key directors and committee chairs present. A total of 14 resolutions were tabled, including adoption of the audited standalone and consolidated financial statements for FY ended March 31, 2025, and the re-appointment of Mr. Himanjal Jagdishchandra Brahmbhatt (who retires by rotation). Three special business items sought shareholder approval for expansion of loan and investment authority, increasing the limits under Section 180(1)(a) for creating charges on company assets, and raising the overall borrowing limit under Section 180(1)(c) of the Companies Act. Eight ordinary resolutions covered the appointment of a Secretarial Auditor and approval of material related party transactions involving promoter-related entities and the promoters themselves — Mr. Dhruv Gupta and Mr. Devansh Gupta — along with firms like Algoquant Financials LLP, Growth Securities, Devansh Real Estate, and Vardan Securities. Remote e-voting ran from September 25 to 28, 2025, with M/s. S. Khurana & Associates appointed as scrutinizer. The meeting concluded at 5:11 PM, and voting results are to be filed with BSE within two working days.
The AGM outcome is procedural, but shareholders should watch the voting results closely, especially on the proposals to raise borrowing limits and approve multiple related party transactions with promoter-linked entities, which could affect future leverage and promoter dealings.