Algoquant Fintech Ltd - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

The Board of Directors of the Company at its meeting held on 10 March 2023, has approved the Scheme of Arrangement amongst Growth Securities Private Limited ('Demerged Company'), Algoquant Investments Private Limited ('Amalgamating Company') and Algoquant Fintech Limited ('Resulting Company' / 'Amalgamated Company') and their respective Shareholders and Creditors ('Scheme') in accordance to provisions of Section 230 to 232 read with section 66 and other applicable sections and provisions of the Companies Act, 2013, read together with the rules made thereto, for the purpose as specified in the scheme.