Angel One Limited has appointed Ajit Narayanan as Chief Technology Officer (CTO) effective June 08, 2026, to strengthen its technology leadership and drive AI-led transformation. The appointment aims to bolster the company's engineering function, focusing on platform architecture, performance, and scalability. Mr. Narayanan will report to Ambarish Kenghe, Group Chief Executive Officer, and will be responsible for integrating AI-led intelligence into critical systems to support the company's next phase of growth.

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the new appointment, Angel One announced a transition in its existing leadership structure. Mr. Ravish Sinha, who previously served as Group Chief Product and Technology Officer, will move from his current role into an individual technologist role within the office of the Group CEO.

Mr. Narayanan brings over 25 years of experience in building and scaling large, technology-led businesses across consumer internet, e-commerce, digital healthcare, and enterprise platforms. His expertise includes platform engineering, artificial intelligence, cloud-native architectures, and data-led transformation at scale. Prior to joining Angel One, he led technology for supply chain and commercial platforms at Reliance Retail and served as Chief Technology and Product Officer at Licious, where he drove the modernisation of consumer and operational platforms using data and AI.

Key Management Changes

The following table summarizes the changes in Angel One's senior management personnel:

| --- | --- | --- | | Name | New Role | Previous Role | | Mr. Ajit Narayanan | Chief Technology Officer | Not Applicable | | Mr. Ravish Sinha | Individual Technologist (Office of Group CEO) | Group Chief Product and Technology Officer |

Profile of New CTO

Earlier in his career, Mr. Narayanan co-founded MFine, an AI-powered digital healthcare platform, and served as Chief Technology Officer at Myntra. At Myntra, he led the evolution of the technology platform during rapid growth and pioneered the use of machine learning in personalization, pricing, and demand forecasting. He also held global leadership roles at SAP, contributing to enterprise cloud and API management platforms. Mr. Narayanan holds a Bachelor of Engineering degree from Bangalore University and is an inventor of multiple technology patents.

Angel One Limited has granted 4,92,871 Restrictive Stock Units (RSUs) to 10 eligible employees under its Angel Broking Employee Long Term Incentive Plan 2021. The RSUs are convertible into an equal number of equity shares with a face value of Re. 1 each. The effective grant date for these units is June 02, 2026.

The Nomination and Remuneration Committee of Angel One Limited approved the grants in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The LTI Plan 2021 has been adopted by the company in terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The RSUs will vest over a period of 4 years. The exercise period for options will commence from the date of vesting and will expire on completion of 10 years from the date of the respective grant or such period as may be decided by the Nomination and Remuneration Committee from time to time.

Grant Details