Algoquant Fintech Announces 8:1 Bonus Share Issue, Record Date Set for August 18

1 min read     Updated on 17 Aug 2025, 04:05 PM
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Reviewed by
Riya DeyScanX News Team
Overview

Algoquant Fintech has announced an 8:1 bonus share issue, offering eight new shares for every one existing share. The record date is set for August 18, 2023, with shares to be fully paid-up equity shares of Re 1 face value each. Investors must purchase shares by August 17, 2023, to be eligible. Despite the announcement, Algoquant Fintech's shares closed 1.58% lower at Rs 1,376.90. Bemco Hydraulics also announced a 1:1 bonus issue with a record date of August 22, 2023.

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

Algoquant Fintech, a leading player in the financial technology sector, has announced a significant bonus share distribution to reward its shareholders. The company's board has recommended an impressive 8:1 bonus share ratio, meaning shareholders will receive eight new shares for every one existing share held.

Key Details of the Bonus Issue

Detail Value
Bonus Ratio 8:1 (8 new shares for every 1 existing share)
Record Date August 18, 2023
Share Type Fully paid-up equity shares
Face Value Re 1 each

This bonus issue is subject to shareholder approval, highlighting the company's commitment to creating value for its investors.

Implications for Investors

Under India's T+1 settlement cycle, investors must purchase Algoquant Fintech shares at least one trading day before the record date to be eligible for the bonus shares. This means interested investors should complete their purchases by August 17, 2023, to qualify for the bonus issue.

Market Response

Despite the announcement of the bonus issue, Algoquant Fintech's shares closed 1.58% lower at Rs 1,376.90 on the day of the announcement. This performance was below the broader market, as the BSE Sensex advanced 0.07% on the same day.

Industry Context

Interestingly, Algoquant Fintech is not the only company announcing a bonus issue. Bemco Hydraulics , another listed entity, has also declared a bonus share distribution, albeit with a different ratio:

Company Bonus Ratio Record Date
Bemco Hydraulics 1:1 August 22, 2023

Bemco Hydraulics shares also experienced a decline, closing 5% lower at Rs 2,833.20 on the day of the announcement.

Conclusion

The announcement of the bonus share issue by Algoquant Fintech represents a significant move to reward its shareholders. While the market's immediate reaction was subdued, the long-term impact of this corporate action on shareholder value remains to be seen. Investors should keep a close watch on the company's performance and any further announcements leading up to the record date.

Historical Stock Returns for Bemco Hydraulics

1 Day5 Days1 Month6 Months1 Year5 Years
-5.00%-14.67%-5.42%+33.42%+73.83%+3,634.82%
Bemco Hydraulics
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BEMCO Hydraulics Schedules Board Meeting to Review Q1 Results and Consider Stock Split

1 min read     Updated on 05 Aug 2025, 06:52 PM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Bemco Hydraulics Ltd has scheduled a board meeting for August 12, 2025, to review Q1 financial results and consider a stock split and bonus issue. The meeting will also address investor complaints and review previous meeting minutes. The company has implemented a trading window closure for insiders until 48 hours after the meeting outcome is announced.

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

Bemco Hydraulics Ltd, a leading hydraulic equipment manufacturer, has announced a crucial board meeting scheduled for August 12, 2025. The meeting, set to take place at the company's registered office at 3:30 PM, will address several important matters including financial results and potential corporate actions.

Key Agenda Items

Financial Results Review

The board will review and take on record the un-audited standalone and consolidated financial results for the quarter ended June 30, 2025. These results will be presented as recommended by the Audit Committee.

Stock Split and Bonus Issue

In a move that could potentially benefit shareholders, the board will fix a record date for a proposed stock split and bonus issue. This decision could have significant implications for the company's share structure and valuation.

Investor Complaints

The meeting will address the investor complaints statement submitted to the stock exchange for the quarter ended June 30, 2025, demonstrating the company's commitment to shareholder communication and transparency.

Previous Meeting Minutes

The board will review and confirm the minutes from the previous meeting held on June 30, 2025, ensuring continuity in corporate governance.

Trading Window Closure

In compliance with SEBI regulations and the company's code of conduct for the prevention of insider trading, Bemco Hydraulics has implemented a trading window closure. The trading window for the company's equity shares has been closed since June 27, 2025, and will remain closed for insiders until 48 hours after the announcement of the board meeting outcome. This measure is designed to prevent insider trading and ensure fair market practices.

Investor Implications

The upcoming board meeting holds significant importance for Bemco Hydraulics' investors. The review of Q1 financial results will provide insights into the company's performance in the current fiscal year. Moreover, the potential stock split and bonus issue could impact the company's share price and trading volumes.

Investors and market watchers will be keenly awaiting the outcome of this meeting, particularly regarding the financial results and the details of the proposed stock split and bonus issue. These corporate actions, if approved, could potentially enhance shareholder value and improve stock liquidity.

As Bemco Hydraulics prepares for this crucial meeting, stakeholders are advised to stay tuned for further announcements and to consider the potential impacts of these decisions on their investment strategies.

Historical Stock Returns for Bemco Hydraulics

1 Day5 Days1 Month6 Months1 Year5 Years
-5.00%-14.67%-5.42%+33.42%+73.83%+3,634.82%
Bemco Hydraulics
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