Angel One Limited has submitted its Annual Report for the financial year 2025-26 to the stock exchanges pursuant to Regulations 34 and 53 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was filed on May 20, 2026. Subsequently, the company informed the exchanges regarding the publication of the notice for its 30th Annual General Meeting (AGM) in newspapers, including Business Standard and Mumbai Lakshadeep, on May 21, 2026. The AGM is scheduled for Friday, June 12, 2026, at 4:00 p.m. IST via video conferencing. The record date for determining shareholder eligibility for voting has been fixed as Friday, June 5, 2026, and remote e-voting will be available from June 8, 2026 to June 11, 2026.

FY26 Consolidated Financial Performance

Angel One reported consolidated total income of ₹51,522.34 million for FY26, compared to ₹52,476.69 million in FY25, reflecting a decline of 1.8% year-on-year. The company's consolidated profit after tax from continuing operations stood at ₹9,150.99 million in FY26, against ₹11,720.81 million in FY25, a decrease of 21.9% year-on-year. The EBDAT for the year was ₹13,968.86 million, with standalone EBDAT margins at 38.1%, improving to 44.6% in Q4 FY26. The company closed the year with a net worth of ₹61,489 million.

The following table summarises the key consolidated financial metrics:

Platform and Operating Highlights

Despite a challenging macro environment and regulatory recalibration in the equity derivatives segment, Angel One sustained strong platform metrics. The total client base reached 37.4 million, up 20.5% year-on-year, with gross client acquisitions of 6.9 million during FY26. The company achieved a historic best demat market share of 16.7% and an overall retail equity turnover market share of 20.2%. Average Daily Turnover (ADTO) on a premium basis reached ₹1.6 trillion, while the average client funding book grew to ₹53.0 billion.

Beyond broking, the company scaled its diversified businesses meaningfully. Wealth Management AUM under the Ionic Wealth brand reached ₹100.8 billion, serving over 1,900 clients. Angel One Asset Management Company built an AUM of ₹3.6 billion across 11 schemes in its maiden year. Credit distributed through the platform grew 3.1x to ₹20.1 billion in FY26 from ₹6.6 billion in FY25. The company also registered 8.8 million unique SIPs and served over 3.4 million mutual fund clients.

Key Financial Ratios

The following key financial ratios reflect the company's performance for the year:

The debt equity ratio increased to 1.28 times as of March 31, 2026, from 0.60 times as of March 31, 2025, primarily due to higher borrowings to support the growing client funding book and margin obligations. Outstanding borrowings stood at approximately ₹106.8 billion as of March 31, 2026, utilising 89.0% of the approved borrowing limit of ₹120.0 billion.

AGM Agenda and Special Business

The ordinary business at the AGM includes adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, confirmation of two interim dividends aggregating to ₹24.75 per equity share for FY 2025-26, and the re-appointment of Mr. Krishna Iyer, who retires by rotation. Special business includes re-appointment of Ms. Mala Todarwal and Mr. Muralidharan Ramachandran as Non-Executive Independent Directors for a second term of five years commencing October 20, 2026 and August 6, 2026, respectively.

The board has also sought shareholder approval to increase borrowing limits under Section 180(1)(c) of the Companies Act, 2013 to ₹20,000 crores, increase limits under Section 180(1)(a) for creating charges on assets up to ₹20,000 crores, approve investments, loans, and guarantees under Section 186 up to ₹20,000 crores, and raise funds via issuance of Non-Convertible Debentures (NCDs) up to ₹1,500 crores.

Strategic Direction and CSR

Angel One continued to advance its transition into a full-stack, technology-led financial services platform during FY26, embedding AI across client journeys, engineering workflows, and decision systems. The company's proprietary AI assistant 'Ask Angel' resolves over 80% of client queries autonomously. Over 89% of new clients were added from Tier 2, Tier 3, and beyond markets. The company also announced a ₹4 billion Joint Venture with Singapore-based LivWell Holding Company PTE Ltd to launch a digital-first life insurance business. On the CSR front, Angel One spent ₹291.22 million during FY26, training over 25,000 individuals and placing over 17,900 individuals across 16 states.

Angel One Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the National Stock Exchange of India and BSE Limited. The filing, dated May 20, 2026, was submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures are made on a standalone basis for the company, reflecting its service-led business model.

Governance and Oversight

The company has established a dedicated ESG Committee of the Board, comprising Independent and Non-Executive Directors, to oversee sustainability matters. The committee met twice during FY2026 to review the maturity of the ESG framework and progress against internal targets. Overall accountability for the ESG strategy rests with the Managing Director, supported by the Group Chief Financial Officer and an ESG Program Manager. The company has partnered with Deloitte for advisory support on ESG initiatives.

Operational and Financial Metrics

Angel One reported serving a broad customer base of approximately 37.4 million clients across India as of the reporting period. The company’s operations are supported by 40 offices, comprising 6 owned, 24 co-locations, and 10 rented spaces. The paid-up capital of the listed entity stands at 910,859,230.

Environmental Performance

The company has made progress in its environmental stewardship, transitioning six offices to green energy sourcing during the year. Energy efficiency audits were completed across major offices, and water audits were conducted in key locations. The total energy consumption for FY26 was 17,378.48 GJ, with total water consumption recorded at 4,540.91 kL. The company successfully achieved ISO/IEC 27001:2022 certification in July 2025 and ISO 22301:2019 Business Continuity Management System certification in December 2025.

Social and Governance Initiatives

Angel One has implemented various measures to promote employee well-being and diversity. The company reported that 100% of employees received training on human rights issues. The gender pay parity assessment was completed in January 2026, and the company was recognised among the Top 25 Best Companies to Work for in India for Diversity, Equity & Inclusion. The company also disclosed that it spent 0.26% of its revenue on employee well-being measures in the previous financial year.

Regulatory Compliance and Assurance

The report disclosed that the company paid ₹300,000 in penalties to the Securities and Exchange Board of India (SEBI) regarding alleged non-compliances under Stock Brokers Regulations. Additionally, a settlement amount of ₹3,457,145 was remitted to SEBI regarding proceedings initiated in April 2025. The BRSR Core disclosures were subjected to reasonable assurance by S. R. Batliboi & Associates, LLP.