Algoquant Fintech Limited has announced the release of pledge on equity shares held by promoter Devansh Gupta, as disclosed under SEBI's substantial acquisition regulations.

Pledge Release Details

The disclosure reveals that Devansh Gupta has released pledge on 5,00,000 equity shares of the company. The pledge release was executed in favor of Globe Capital Market Ltd and was undertaken as part of capital fund raising activities.

Promoter Shareholding Position

Following the pledge release, Devansh Gupta's shareholding structure has been updated. His total holding in the company remains at 1,00,14,534 shares, representing 3.56% of the total share capital.

Overall Promoter Group Position

The disclosure also provides details of the overall promoter group shareholding. Algoquant Financials LLP, another promoter entity, holds 14,51,06,928 shares representing 51.62% of the company's share capital, with 5,47,50,000 shares remaining encumbered at 19.47%.

Regulatory Compliance

The disclosure has been filed pursuant to Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The pledge release represents a reduction in Devansh Gupta's encumbered position from 0.17% to zero, while maintaining his overall shareholding structure.

Algoquant Fintech Limited has officially completed its comprehensive business transformation, marking the final phase of its strategic business transfer from Growth Securities Private Limited. The company has successfully concluded all aspects of the business transfer scheme, including the recently completed Depository Participant operations.

Business Transfer Completion

The company has achieved several key milestones in its operational transition:

Latest Development

Algoquant Fintech has successfully completed the transfer of Depository Participant business from Growth Securities Private Limited prior to market hours on December 22, 2025. This marks the final component of the comprehensive business transfer scheme that began earlier in the year.

Regulatory Framework

The business transfer has been executed under a comprehensive scheme of arrangement involving three entities:

The scheme operates under sections 230 to 232, read with section 66 and other applicable provisions of the Companies Act, 2013.

Operational Capabilities

With all transfers now complete, Algoquant Fintech operates with full capabilities as:

• Stock Broker with necessary exchange certificates
• Self-Clearing Member with clearing operations
• Depository Participant with complete service offerings

Compliance and Disclosure

The company has maintained strict adherence to regulatory requirements throughout the transfer process. All developments have been communicated to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This completion of the business transfer positions Algoquant Fintech as a comprehensive financial services provider, equipped with integrated broking, clearing, and depository services. The successful execution of this complex corporate restructuring demonstrates the company's commitment to regulatory compliance and operational excellence in the competitive financial services sector.