Algoquant Fintech Limited Completes Postal Ballot for Independent Director Re-appointment

2 min read     Updated on 30 Jan 2026, 10:51 AM
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Ashish TScanX News Team
Overview

Algoquant Fintech Limited completed its postal ballot process on January 28, 2026, securing 99.9997% approval for Mr. Amit Gupta's re-appointment as Independent Director. The remote e-voting process saw participation from 156 shareholders representing 73.7712% of outstanding shares, with CS Sachin Khurana serving as scrutinizer.

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

Algoquant Fintech Limited has successfully completed its postal ballot process for the re-appointment of Mr. Amit Gupta as Independent Director, with the voting concluding on January 28, 2026. The company announced the outcome on January 30, 2026, in compliance with Regulation 30 and 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Postal Ballot Results

The special resolution for Mr. Amit Gupta's re-appointment received overwhelming shareholder support through the remote e-voting process conducted by National Securities Depository Limited (NSDL).

Voting Outcome: Details
Total Votes Cast: 207368006
Votes in Favor: 207367357 (99.9997%)
Votes Against: 649 (0.0003%)
Participating Shareholders: 156 out of 19224
Voting Percentage: 73.7712% of outstanding shares

Voting Process Details

The postal ballot process was conducted entirely through remote e-voting, following MCA circulars that eliminated the need for physical ballots. The voting period extended from December 30, 2025 (9:00 A.M. IST) to January 28, 2026 (5:00 P.M. IST).

Process Timeline: Date
Record Date: December 26, 2025
Notice Dispatch: December 29, 2025
Advertisement Published: December 30, 2025
Voting Period: December 30, 2025 - January 28, 2026
Results Announcement: January 30, 2026

Category-wise Voting Breakdown

The voting results showed strong support across different shareholder categories, with promoter and promoter group demonstrating unanimous approval.

Shareholder Category: Shares Held Votes Polled % Polled In Favor Against
Promoter Group: 206618008 206618008 100% 206618008 0
Public Institutions: 11426328 0 0% 0 0
Public Non-Institutions: 63051692 749998 1.1895% 749349 649

Scrutinizer and Compliance

CS Sachin Khurana of M/s. S. Khurana & Associates (Membership No. FCS-10098) served as the scrutinizer for the postal ballot process. The scrutinizer was appointed by the Board of Directors on December 23, 2025, and issued the final report on January 30, 2026.

The company dispatched the postal ballot notice electronically to shareholders whose email addresses were registered with the company or depository participants. Advertisement regarding the postal ballot was published in Financial Express (English) and Financial Express (Gujarati Edition) on December 30, 2025.

Company Information

Algoquant Fintech Limited is listed on BSE with scrip code 505725 and on NSE with symbol ALGOQUANT. The company's registered office is located at Unit No. 503 A-B, 504 A-B, 5th Floor, Tower A WTC Block No. 51, Road 5E, Zone-5, Gift City, Gandhi Nagar, Gujarat - 382050.

Historical Stock Returns for Algoquant Fintech

1 Day5 Days1 Month6 Months1 Year5 Years
-0.48%-2.60%-10.47%-10.47%-10.47%-10.47%

Algoquant Fintech Commences Trading on NSE with Dual Exchange Listing

2 min read     Updated on 03 Jan 2026, 06:38 PM
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Reviewed by
Jubin VScanX News Team
Overview

Algoquant Fintech Limited has successfully commenced trading on NSE with 28.10 crore equity shares under the symbol ALGOQUANT, establishing dual exchange presence alongside existing BSE listing. The technology-driven fintech company, specializing in low-risk arbitrage and high-frequency trading, received formal NSE approval and expects enhanced liquidity and investor accessibility through this strategic milestone.

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Algoquant Fintech Limited has successfully commenced trading on the National Stock Exchange of India Limited (NSE), marking a significant milestone in the company's market presence. The fintech company announced that 28,10,96,028 equity shares began trading on NSE effective January 6, 2026, establishing dual listing on both NSE and BSE.

NSE Trading Commencement Details

The NSE has approved and commenced trading of Algoquant Fintech's entire issued, subscribed and fully paid-up equity share capital under specific trading parameters:

Parameter: Details
Trading Symbol: ALGOQUANT
Series: EQ
Number of Shares: 28,10,96,028
Face Value: ₹1.00 per share
Market Lot: 1 share
Distinctive Numbers: 1 to 281096028
Lock-in Status: No restrictions

Management Statement and Strategic Vision

Commenting on the NSE listing commencement, Mr. Dhruv Gupta, Whole-time Director & Co-founder of Algoquant Fintech Limited, stated: "We are excited to begin trading on the NSE, a landmark achievement that broadens our investor base and reinforces our position in the Indian financial markets. This dual listing will significantly improve liquidity and provide greater opportunities for shareholders, aligning with our vision of innovation-driven growth and long-term value creation."

Company Profile and Business Operations

Algoquant Fintech Limited, formerly known as Hindustan Everest Tools Limited, is a technology-driven fintech company specializing in low-risk arbitrage and high-frequency trading in the Indian capital markets. The company is engaged in completely hedged derivatives arbitrage, with a strong emphasis on innovation, sophisticated algorithms, ultra-low latency execution, trade management, and risk management systems.

Company Details: Information
CIN: L74110GJ1962PLC136701
Headquarters: Unit No. 503 A-B, 504 A-B, 5th Floor, Tower A WTC, Block No.51, Road 5E, Zone-5, Gift City, Gandhinagar, Gujarat
BSE Scrip Code: 505725
NSE Symbol: ALGOQUANT
Business Focus: Technology-focused trading and derivatives arbitrage

Regulatory Compliance and Market Access

The listing follows formal confirmation through NSE reference letter NSE/LIST/233 dated January 2, 2026, signed by Snehal Mariappa, Manager at NSE, and a separate circular (Ref No: 0014/2026) notifying all exchange members. The company submitted the press release intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, signed by Krishna Kumar Yadav, Company Secretary & Compliance Officer.

With the NSE listing, Algoquant Fintech will maintain compliance with SEBI regulations across both exchanges. All future regulatory filings and compliance requirements must be submitted through NEAPS (NSE Electronic Application Processing System) for NSE and equivalent BSE systems. The dual listing represents Algoquant Fintech's continued commitment to regulatory transparency, investor accessibility, and value creation on India's premier stock exchanges.

Historical Stock Returns for Algoquant Fintech

1 Day5 Days1 Month6 Months1 Year5 Years
-0.48%-2.60%-10.47%-10.47%-10.47%-10.47%

More News on Algoquant Fintech

1 Year Returns:-10.47%