Bonus3 Jul 2025, 07:46 pm
Algoquant Fintech Ltd Announces Bonus Shares Issue, Stock Split, and Capital Increase
AI Summary
Algoquant Fintech Ltd has announced a series of financial decisions during a board meeting on July 3, 2025. The company will issue bonus shares in the ratio of 8:1, sub-divide/split the face value of equity shares from Rs. 2/- to Rs. 1/-, and increase the authorized share capital. These decisions aim to enhance liquidity, encourage retail investor participation, and strengthen the company's financial position.
Key Highlights
- Issuance of bonus equity shares in the ratio of 8:1 to eligible shareholders
- Sub-division/split of the face value of equity shares from Rs. 2/- to Rs. 1/-
- Increase in authorized share capital from Rs. 3,50,00,000/- to Rs. 30,00,00,000/-
- Alteration of Articles of Association to grant explicit powers for issuing bonus shares
- Expected completion of the sub-division/split within 2 months from shareholder approval