Scrutinizer''s Report along with the voting results of 62nd Annual General Meeting of the Company
ALGOQUANT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Algoquant Fintech Ltd held its 62nd AGM on September 29, 2025 via video conferencing, and shareholders approved all 14 resolutions (11 Ordinary and 3 Special) with overwhelming support. Out of 19,258 total shareholders, only 77 attended through VC (3 from promoter group and 74 from public). The agenda covered adoption of FY25 audited financial statements, re-appointment of a retiring director Mr. Himanjal Brahmbhatt, increase in borrowing limits under Section 180 of the Companies Act, appointment of a Secretarial Auditor, and eight material related party transactions with promoter-linked entities including Algoquant Financials LLP, Growth Securities Pvt Ltd, the promoters Mr. Dhruv Gupta and Mr. Devansh Gupta, and several other promoter-associated firms. All resolutions passed with over 99.96% votes in favor, with the highest dissent being just 3,982 votes against (around 0.03%) on a few related party transactions. Promoters, holding roughly 73.7% of shares, did not vote on the eight related party resolutions since they were interested parties.
This is a routine post-AGM regulatory disclosure showing smooth passage of all agenda items with near-unanimous support, suggesting broad shareholder alignment with management proposals. The related party transactions, while approved, warrant attention as they involve promoter-linked entities and were passed mainly by public shareholders; however, dissent was minimal at under 0.04%, indicating limited investor concern at this stage.