Description
Stock broking business of Growth Securities Pvt. Ltd. has demerged into Algoquant Fintech Limited across all segments, with name change effective November 3, 2025.
Summary
BSE has notified trading members that the stock broking business of Growth Securities Pvt. Ltd. (Member No. 6758) has been demerged into Algoquant Fintech Limited across Cash, Equity Derivative, Currency Derivative and Commodity Derivative Segments. Following this demerger, the member name changes from Growth Securities Pvt. Ltd. to Algoquant Fintech Limited, effective Monday, November 3, 2025.
Key Points
- Member Number 6758 remains unchanged
- Demerger covers all four segments: Cash, Equity Derivative, Currency Derivative, and Commodity Derivative
- Name change effective from November 3, 2025
- Old name: Growth Securities Pvt. Ltd.
- New name: Algoquant Fintech Limited
Regulatory Changes
No regulatory framework changes. This is an administrative update following a corporate restructuring action (demerger).
Compliance Requirements
Trading members should update their records to reflect the new name of Member No. 6758 as Algoquant Fintech Limited for all future communications and transactions across all segments.
Important Dates
- Notice Date: October 31, 2025
- Effective Date: November 3, 2025 (Monday)
Impact Assessment
Minimal market impact. This is a corporate restructuring matter affecting a single member’s identification. The member number remains unchanged, ensuring continuity of operations. Trading members need only update internal records with the new entity name. No impact on trading operations, investor positions, or market processes.
Impact Justification
Administrative name change following demerger of stock broking business; affects only member identification, not market operations or investor actions