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.

Angel One reported a 19.5% year-on-year increase in its client base to 38.17 million for May 2026, driven by continued platform engagement. The average client funding book surged 57.5% year-on-year to ₹63.09 billion, reaching an all-time high, while average daily orders rose 18.5% year-on-year to 6.86 million. The company disclosed these key business parameters for May 2026 in a regulatory filing dated June 04, 2026.

Business Performance Overview

The broker's operational metrics showed mixed trends during the month. The number of orders declined 4.0% month-on-month to 130.35 million, though this represented a 7.2% increase compared to May 2025. Gross client acquisition moderated by 9.7% month-on-month to 0.42 million and fell 16.7% year-on-year. Unique mutual fund SIPs registered stood at 584,510, down 7.0% year-on-year but up 1.4% month-on-month.

Turnover and Market Share

Angel One's Average Daily Turnover (ADTO) based on notional turnover dipped 0.4% month-on-month to ₹52,006 billion, while the F&O segment declined 0.2% to ₹49,814 billion. Cash ADTO rose 9.7% year-on-year to ₹95 billion from ₹86 billion. ADTO based on option premium turnover jumped 141.3% year-on-year to ₹2,355 billion. In terms of market share, the company's F&O share based on option premium turnover expanded 11 basis points month-on-month to 22.4%, while cash and commodity market shares saw some moderation.

Key Operational Metrics

The table below summarises Angel One's key operational metrics for May 2026 compared to the prior month and the same period last year:

The information was reviewed by the management team, and Angel One intends to provide these updates on a monthly basis.