Description

Growth Securities Pvt. Ltd. (Member No. 6758) has demerged its stock broking business into Algoquant Fintech Limited across all segments, with the name change effective November 3, 2025.

Summary

BSE has notified that Growth Securities Pvt. Ltd. (Member No. 6758) has completed a demerger of its stock broking business into Algoquant Fintech Limited. Following this corporate restructuring, the member name will be changed from Growth Securities Pvt. Ltd. to Algoquant Fintech Limited, retaining the same member number 6758, effective from November 3, 2025.

Key Points

  • Growth Securities Pvt. Ltd. (Member No. 6758) is undergoing a name change to Algoquant Fintech Limited
  • The demerger covers stock broking business across Cash, Equity Derivative, Currency Derivative, and Commodity Derivative segments
  • The member number 6758 remains unchanged
  • Effective date: Monday, November 3, 2025
  • This is an administrative change following corporate restructuring

Regulatory Changes

No regulatory changes are introduced by this circular. This is a notification of a corporate action (demerger) resulting in a name change for an existing BSE trading member.

Compliance Requirements

  • Trading members should update their records to reflect the new name: Algoquant Fintech Limited (Member No. 6758)
  • Internal systems should be updated to recognize the new entity name effective November 3, 2025
  • No action required from other market participants beyond awareness of the name change

Important Dates

  • Notice Date: October 31, 2025
  • Effective Date: Monday, November 3, 2025 - Name change becomes effective

Impact Assessment

This is a low-impact administrative notification resulting from a corporate demerger. The change affects only the member firm’s name while maintaining continuity through the retention of member number 6758. There is no disruption to trading operations, membership rights, or obligations. Market participants need only update internal records to reflect the new entity name. The demerger structure ensures business continuity across all trading segments (Cash, Equity Derivative, Currency Derivative, and Commodity Derivative).

Impact Justification

Administrative name change following corporate demerger affecting a single member firm. No impact on trading operations or market participants beyond internal record updates.