Description
Growth Securities Pvt. Ltd. (Member No. 6758) has demerged its stock broking business into Algoquant Fintech Limited across all segments, with name change effective November 3, 2025.
Summary
BSE has notified 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. Consequently, the member name has changed from Growth Securities Pvt. Ltd. to Algoquant Fintech Limited, retaining the same member number 6758.
Key Points
- Stock broking business demerged from Growth Securities Pvt. Ltd. to Algoquant Fintech Limited
- Member number remains unchanged: 6758
- Demerger covers all segments: Cash, Equity Derivative, Currency Derivative, and Commodity Derivative
- Name change effective from Monday, November 3, 2025
- Notice issued to all trading members of the Exchange
Regulatory Changes
No regulatory framework changes. This is a corporate restructuring action involving the demerger of stock broking business from one entity to another, with the resultant entity operating under a new name.
Compliance Requirements
Trading members are informed of the name change for their records and reference. No specific compliance action required from other members.
Important Dates
- Notice Date: October 31, 2025
- Effective Date: Monday, November 3, 2025
Impact Assessment
Market Impact: Nil. This is an administrative change affecting only the entity name of one trading member.
Operational Impact: Minimal. Trading member number remains the same (6758), ensuring continuity in member identification systems. Other trading members need only update their internal records regarding the member’s new name.
Client Impact: No direct impact on clients, though they may need to be informed of the name change by the affected member.
Impact Justification
Administrative name change following corporate restructuring of a trading member; no impact on market operations or investor activity