Description
BSE announces new ISIN number INE598D01035 for ALGOQUANT FINTECH LTD following sub-division of equity shares from Rs.2/- to Re.1/- effective August 18, 2025.
Summary
BSE has issued a new ISIN number INE598D01035 for ALGOQUANT FINTECH LTD (Scrip Code: 505725) following the sub-division of equity shares from Rs.2/- to Re.1/-. This change will be effective for trades executed on and from August 18, 2025.
Key Points
- Company: ALGOQUANT FINTECH LTD (Scrip Code: 505725)
- New ISIN Number: INE598D01035
- Sub-division ratio: From Rs.2/- per share to Re.1/- per share
- Effective date: August 18, 2025 (Ex-Date)
- Document Reference: DR-696/2025-2026
Regulatory Changes
The equity shares of ALGOQUANT FINTECH LTD will have a new ISIN number following the approved sub-division of shares, changing the face value from Rs.2/- to Re.1/- per share.
Compliance Requirements
- Trading members must update their systems with the new ISIN number
- All trades from August 18, 2025 onwards must use the new ISIN INE598D01035
- Investors should note the change in share denomination
Important Dates
- August 18, 2025: Ex-Date for new ISIN implementation
- August 12, 2025: Notice publication date
- August 6, 2025: Reference to previous exchange notice (20250806-59)
Impact Assessment
This is a routine corporate action that will double the number of shares while halving the face value. Trading systems and investor portfolios will need to reflect the new ISIN number from the effective date. No impact on the total value of holdings, only on the number of shares and per-share price.
Impact Justification
Standard corporate action requiring system updates and investor awareness for trading continuity