Algoquant Fintech Rewards Shareholders with 1:2 Bonus Issue—Equity Base Expands Sharply

Algoquant Fintech Ltd has successfully completed the issuance of bonus equity shares in a 1:2 ratio, rewarding its shareholders and signaling confidence in its growth trajectory. The company allotted 52,05,482 fully paid-up equity shares of ₹2 each on January 9, 2025, to eligible shareholders as per the record date of January 8, 2025.

 

This move increased the company’s paid-up equity capital to ₹3.12 crore, comprising 1,56,16,446 shares, up from 1,04,10,964 shares earlier. The bonus issue is aimed at enhancing liquidity, broadening retail participation, and reinforcing investor trust following a strong performance in FY24.

 

The stock traded ex-bonus from January 8, and the issuance marks the company’s first bonus declaration in over two decades. Algoquant’s board had approved the bonus issue in its December 28, 2024 meeting, citing robust reserves and a healthy balance sheet.

 

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Source: Capital Market – Bonus Share Allotment Update