With reference to its earlier letter dated April 17, 2025. Pursuant to Scheme of Arrangement, the Company had applied to SEBI for registration as a Stock Broker, the Company has received the certificate from SEBI on April 16, 2025. Simultaneously, the Company has also obtained the membership from NSE, BSE & MCX. Algoquant Fintech has informed that, to expand the business operations of the Company, the Company has approached Axis Bank for obtaining various credit facilities like Bank Guarantee and other facilities. After due deliberation, Axis Bank has sanctioned a credit facility of Rs. 280 crores to the Company subject to such terms and conditions as mentioned in the sanction letter. The Company believes that the availability of these credit facilities is expected to have a significant positive impact on its revenue operations.
The above information is a part of company’s filings submitted to BSE.
