Increase in Authorized Share Capital
ALGOQUANT · price
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Algoquant Fintech's board approved four key corporate actions on July 3, 2025. First, authorized share capital will be raised sharply from Rs. 3.5 crore to Rs. 30 crore by creating additional 13.25 crore equity shares. Second, a stock split will divide each Rs. 2 face value share into 2 shares of Rs. 1 each (1:2 ratio), aimed at improving liquidity and affordability for retail investors. Third, a bonus issue in the ratio of 8:1 has been announced, meaning shareholders will get 8 new shares for every 1 held, involving capitalization of about Rs. 24.98 crore from free reserves (which stood at Rs. 98.67 crore as of March 31, 2025). All proposals are subject to shareholder approval via postal ballot, and record dates for the split and bonus will be communicated later.
The combined stock split and 8:1 bonus issue will significantly increase the share count while reducing per-share price, making the stock more accessible to retail investors. Shareholders stand to receive 9 total shares for every 1 currently held (after split + bonus), though EPS will dilute proportionally. Short-term share price typically adjusts downward on the ex-date, but improved liquidity may support trading interest.