Angel One held its 30th Annual General Meeting (AGM) on June 12, 2026, where shareholders approved a dividend of ₹24.75 per equity share for the financial year ended March 31, 2026. The meeting, conducted via video conferencing, also sanctioned the re-appointment of Ms. Mala Todarwal and Mr. Muralidharan Ramachandran as Non-Executive Independent Directors. Additionally, shareholders authorized the company to raise funds through Non-Convertible Debentures (NCDs) and approved increases in borrowing and investment limits under the Companies Act, 2013.

The statutory audit report for FY26 contained no qualifications, observations, or adverse remarks. However, the Secretarial Audit Report noted that SEBI issued two settlement orders during the year, the amounts for which were duly paid to the regulator. Disclosures regarding these orders were made in accordance with SEBI LODR Regulation 2015.

Operational Performance

Management highlighted that FY26 was a year of strategic progress. The client base grew to 37.4 million, with 6.9 million new additions during the year. Nearly 89% of these acquisitions originated from Tier 2, Tier 3, and smaller towns. The wealth management business crossed ₹100 billion in assets under management as of March 31, 2026.

From a financial perspective, the company reported a consolidated total income of ₹51,522 million and a profit after tax of ₹9,151 million for FY26.

Key Approvals

The AGM approved special resolutions to expand financial flexibility. Shareholders sanctioned increased borrowing limits under Section 180(1)(C) of the Companies Act, 2013, and increased limits under Section 180(1)(A) for investments, loans, and deposits. Approval was also granted under Section 186 of the Companies Act, 2013, regarding investments by companies.

Meeting Details

The meeting was chaired by Mr. Dinesh Thakkar, Chairman & Managing Director. Key attendees included Mr. Ambarish Kenghe, Group CEO and Whole-time Director, and Mr. Vineet Agrawal, Group Chief Financial Officer. The statutory auditors, SRBC & Co LLP, were represented by Mr. Rutushtra Patell and Mr. Jaikishan Wadhwani. M/s. Makarand M. Joshi & Co acted as the scrutinizer. The remote e-voting period commenced on June 8, 2026, and concluded on June 11, 2026.

Voting Results Summary

The following table summarizes the voting results for the key resolutions passed during the AGM:

Angel One Ltd has settled adjudication proceedings initiated by the Securities and Exchange Board of India (SEBI) by remitting ₹4.28 crore on June 15, 2026. The settlement resolves allegations concerning the supervision and monitoring of Authorised Persons, closing the regulatory action without any admission of guilt. The disposal of these proceedings removes the regulatory uncertainty associated with the alleged non-compliances regarding Exchange circulars and SEBI Regulations.

SEBI had initiated the proceedings against Angel One Ltd for alleged violations under Regulation 27 of the SEBI (Stock Brokers) Regulations, 1992, read with Chapter V and VI of the SEBI (Intermediaries) Regulations, 2008, and Section 12(3) of the SEBI Act, 1992. The regulator alleged inadequate supervision and monitoring of Authorised Persons, including a failure to detect unauthorized fund collection and insufficient due diligence. The company filed settlement applications without admission or denial of the findings.

Settlement Details

The company filed Settlement Application No. 8564/2025 and 8565/2025. Angel One Ltd submitted a Revised Settlement Term dated February 13, 2026, proposing to pay ₹4,28,01,600. SEBI accepted the terms, and the company remitted the full amount. The settlement order, No.SO/MS/RG/2026-27/8564-8565, was passed under Section 15JB of the SEBI Act, 1992, read with Regulation 23(1) of the SEBI (Settlement Proceedings) Regulations, 2018.

Impact and Compliance

There is no penalty levied by SEBI following the settlement. The remittance of ₹4.28 crore constitutes the financial impact of the resolution. The company confirmed that the adjudication proceedings were duly disposed of upon receipt of the settlement amount.