Algoquant Fintech Limited has officially announced the record date for the allotment of bonus equity shares. As per the company’s notification to the BSE, Wednesday, January 8, 2025, will serve as the record date for determining the shareholders eligible to receive bonus shares.
The bonus shares, to be issued in a 1:2 ratio, are part of a Scheme of Arrangement approved by the Hon’ble National Company Law Tribunal (NCLT) Ahmedabad on October 3, 2024. This scheme involves the restructuring between Growth Securities Private Limited, Algoquant Investments Private Limited, and Algoquant Fintech Limited.
The company informed that the record date will be used to identify shareholders eligible for the bonus shares, with the equity shares being issued based on the current shareholding in the company.
