Description
Board fixes record date August 18, 2025 for 8:1 bonus share issue with face value subdivision to Rs. 1/-
Summary
Algoquant Fintech Limited (Scrip Code: 505725) announces a bonus share issue with face value subdivision. The Board has fixed Monday, August 18, 2025 as the record date for issuing 24,98,63,136 bonus equity shares in 8:1 ratio to existing shareholders.
Key Points
- Bonus ratio: 8:1 (8 bonus shares for every 1 existing share)
- Total bonus shares to be issued: 24,98,63,136
- Face value after subdivision: Rs. 1/- each
- Shares will be fully paid-up
- Bonus shares will be credited by 12 P.M. on deemed allotment date
- Trading to commence on T+2 days from allotment
Important Dates
- Record Date: Monday, August 18, 2025
- Deemed Allotment Date: Tuesday, August 19, 2025 (crediting by 12 P.M.)
- Trading Commencement: Wednesday, August 20, 2025 (BOD of T+2 days)
Corporate Action Details
- For every 1 existing equity share of Rs. 1/- held, shareholders will receive 8 bonus shares of Rs. 1/- each
- The bonus shares are adjusted for subdivision of shares
- Bonus shares will be credited to beneficiary accounts of shareholders
- Company undertakes to complete crediting process by the specified deadline
Impact Assessment
This corporate action will significantly increase the number of shares outstanding and reduce the share price proportionally. Existing shareholders will see their holdings multiply by 9 times (original + 8 bonus shares) while maintaining the same percentage ownership.
Impact Justification
Corporate action affecting existing shareholders with bonus issue and face value subdivision