Algoquant Fintech Ltd, a leading player in algorithmic trading and fintech solutions, has announced the issuance of bonus equity shares to its shareholders. The company has set January 8, 2025, as the record date to determine shareholder eligibility for the bonus issue.
Under the approved Scheme of Arrangement, the bonus shares will be issued in a 1:2 ratio, meaning shareholders will receive one additional share for every two shares held. This move underscores the company’s commitment to enhancing shareholder value while increasing liquidity in the stock market.
Scheme of Arrangement
The bonus issue is part of a larger Scheme of Arrangement involving:
- Growth Securities Private Limited (Demerged Company),
- Algoquant Investments Private Limited (Amalgamating Company), and
- Algoquant Fintech Limited (Resulting Company).
This scheme was approved by the National Company Law Tribunal (NCLT), Ahmedabad, on October 3, 2024, in accordance with provisions of the Companies Act, 2013.
Financial Performance Highlights
Algoquant Fintech has displayed robust financial growth in recent quarters, driven by its strong focus on technology-driven trading solutions. Quarterly Performance (Q2 FY25):
- Revenue: ₹21.77 crore, up by 96.85% YoY from ₹11.06 crore in Q2 FY24.
- Net Profit: ₹1.15 crore, reflecting a significant 167% YoY growth from ₹0.43 crore in Q2 FY24.
- EBITDA: ₹2.87 crore, marking a 71.86% increase YoY compared to ₹1.67 crore in the same quarter last year.
These impressive figures underscore Algoquant’s ability to leverage technology for consistent financial performance in the competitive fintech landscape.
About Algoquant Fintech Ltd
Founded in 1962 as Hindustan Everest Tools Limited, the company rebranded as Algoquant Fintech Limited in 2022 to focus on cutting-edge fintech innovations. Headquartered in Ahmedabad, Gujarat, Algoquant is a pioneer in:
- Algorithmic Trading
- Hedged Derivatives Arbitrage
- Low-Risk Arbitrage
- High-Frequency Trading
Strategic Outlook
The announcement of the bonus issue reflects Algoquant’s strong position in the market and its intent to reward its investors. By increasing the number of outstanding shares, the company aims to:
- Boost market liquidity.
- Attract retail investors.
- Enhance shareholder wealth.
The bonus share issuance further reinforces its reputation as a forward-thinking company committed to delivering value to its shareholders.
Investors and market participants are optimistic about the company’s future as it continues to leverage technology to redefine the financial trading landscape in India.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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