Algoquant Financials LLP Releases Pledge on 60.24 Lakh Shares of Algoquant Fintech

1 min read Updated on 26 Aug 2025, 04:37 PM

Reviewed by

Shriram ShekharScanX News Team

Overview

Algoquant Financials LLP, a promoter of Algoquant Fintech Limited, has released the pledge on 60,24,998 equity shares (19.29% of total share capital) on August 19. This reduced their encumbered shareholding from 19.29% to 10.40%. The shares were previously pledged to Globe Capital Market Limited. While released from the F&O segment, a new pledge was created in the commodity segment. The promoter group holds 73.68% of the company's total share capital. Algoquant Fintech recently underwent a stock split, changing share face value from Rs. 2 to Rs. 1.

*this image is generated using AI for illustrative purposes only.

Algoquant Fintech , a promoter of Algoquant Fintech Limited, has released the encumbrance on a significant portion of its shareholding, according to a recent disclosure to the Bombay Stock Exchange (BSE).

Pledge Release Details

The promoter entity released the pledge on 60,24,998 equity shares, representing 19.29% of Algoquant Fintech's total share capital. This release was executed on August 19, and the shares were previously pledged to Globe Capital Market Limited for fund-raising purposes.

Impact on Promoter Shareholding

Following this release, Algoquant Financials LLP's encumbered shareholding has decreased substantially:

Particulars	Before Release	After Release
Encumbered Shares	60,24,998	32,49,998
% of Total Share Capital	19.29%	10.40%

The promoter group, which includes Algoquant Financials LLP, Dhruv Gupta, and Devansh Gupta, collectively holds 2,30,13,112 shares, representing 73.68% of the company's total share capital.

Segment Change in Pledge

It's worth noting that while the shares were released from the F&O (Futures and Options) segment, a separate pledge was created in favor of the same entity, Globe Capital Market Limited, under the commodity segment. This change in segment does not affect the overall pledged position but represents a shift in the nature of the encumbrance.

Promoter Shareholding Breakdown

The LODR disclosure provides a detailed breakdown of the promoter shareholding:

Promoter	Number of Shares	% of Total Share Capital
Algoquant Financials LLP	1,61,22,992	51.62%
Dhruv Gupta	57,77,394	18.50%
Devansh Gupta	11,12,726	3.56%

Additional Information

The company recently underwent a stock split, changing the face value of its shares from Rs. 2 to Rs. 1. This split has resulted in an increase in the number of shares held by the promoters and the number of encumbered shares.

Investors and market participants are advised to take note of these changes in the promoter's pledged shareholding, as it may have implications for the stock's performance and market perception.

Historical Stock Returns for Algoquant Fintech