Algoquant Fintech Limited has recently announced the allotment of 52,05,482 bonus equity shares in a 1:2 ratio. Shareholders will receive 1 new fully paid-up equity share of ₹2 face value for every 2 existing equity shares. The record date for eligibility was January 08, 2025.
The company’s paid-up equity share capital has increased from ₹2,08,21,928 (1,04,10,964 shares) to ₹3,12,32,892 (1,56,16,446 shares) post-allotment. The distinctive numbers for the new shares range from 14583315 to 19788796.
In the exchange filing, the company shared, “The Board of Directors in their meeting held on Thursday, January 09, 2025 commenced at 10:30 A.M. and concluded at 10:45 A.M. inter alia, considered and approved the allotment of 52,05,482 fully paid-up Bonus equity shares having face value of Rs. 2/- each in ratio of 1:2 i.e. 1 (One) new bonus fully paid-up equity share having face value of Rs. 2/- for every 2 (Two) equity shares of the company having face value of Rs. 2/- each fully paid-up, to those Shareholders whose names appear in the Register of Members on the record date i.e. January 08, 2025 fixed for this purpose.”
In the meantime, Algoquant Fintech shares opened at ₹993, reaching an intraday high of ₹1,001 and a low of ₹980.20. The stock remains well within its 52-week range of ₹700.80 to ₹1,079.87, reflecting steady market activity.
