Algoquant Fintech begins stock broking operations

Algoquant Fintech Limited announced the successful transfer of its stock broking business and self-clearing/clearing membership from Growth Securities Private Limited (GSPL) as of November 3, 2025. This move allows Algoquant Fintech Limited to commence operations as a stock broker and self-clearing membership entity.

The company has received the necessary certificates from exchanges and the Depository Participant to act as a stock broker. While the stock broking and self-clearing/clearing membership transfers are complete, the transfer of depository participant business from GSPL to Algoquant Fintech Limited is still underway.

This development follows the scheme of arrangement approved under sections 230 to 232 and 66 of the Companies Act, 2013, solidifying Algoquant Fintech Limited's operational capabilities in the financial markets.