Angel One has completed the allotment of 5,000 fully paid secured non-convertible debentures (NCDs) valued at ₹50 crore. The Loan, Investment and Borrowings Committee approved the allotment on February 24, 2026, with the NCDs carrying an 18-month tenure and an 8.75% coupon rate.

NCD Allotment Details

The key parameters of Angel One's NCD issuance are outlined below:

Payment Schedule and Cash Flows

The NCDs follow a structured payment schedule with semi-annual coupon payments:

Security and Default Provisions

The NCDs are secured by a first pari-passu charge through hypothecation over all present and future trade receivables and loans in the form of margin trading facilities. The company maintains a security cover of 1.00 times on outstanding NCD amounts throughout the tenure.

In case of payment default, Angel One has agreed to pay an additional interest rate of 2% per annum above the coupon rate on outstanding principal amounts until the default is resolved or NCDs are fully redeemed.

Market Listing and Investment Features

The NCDs will be listed on the Wholesale Debt Market Segment of the National Stock Exchange, providing investors with secondary market liquidity options. The secured nature and structured payment schedule make these debt instruments attractive for investors seeking fixed returns over the 18-month investment period.

This NCD allotment represents Angel One's strategy to diversify funding sources through debt capital markets while offering investors a structured investment opportunity in the financial services sector.

Angel One Limited has successfully concluded its postal ballot process on February 18, 2026, with shareholders providing overwhelming approval for two critical corporate resolutions through remote e-voting. The brokerage firm sought shareholder approval for equity share sub-division and amendments to its capital clause, both of which received strong support from the investor community.

Postal Ballot Process and Timeline

The remote e-voting process commenced on Tuesday, January 20, 2026 at 09:00 a.m. and concluded on Wednesday, February 18, 2026 at 5:00 p.m. The company had initially announced its intention to seek shareholder approval through postal ballot in a communication dated January 19, 2026, with the postal ballot notice issued on the same date.

The company appointed Mr. Vaibhav Dandawate, and in his absence, Ms. Deepti Yavagal Kulkarni, Partner of M/s Makarand M. Joshi & Co., Company Secretaries, as the scrutinizer to conduct the postal ballot and e-voting process in a fair and transparent manner. National Securities Depositories Limited (NSDL) provided the remote e-voting facility for shareholders.

Voting Results for Equity Share Sub-Division

The first resolution seeking approval for sub-division/split of equity shares received exceptional support from shareholders across all categories:

Capital Clause Alteration Approval

The second resolution for alteration of the Capital Clause of the Memorandum of Association also received strong shareholder support:

Regulatory Compliance and Documentation

The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The company also complied with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company published newspaper advertisements in "Financial Express" (English-all editions) and "Mumbai Lakshdeep" (Marathi edition) on Tuesday, January 20, 2026, as required under regulatory provisions. The cut-off date for determining eligible shareholders was set as Wednesday, January 14, 2026.

Key Observations

Both resolutions were passed with the requisite majority, becoming effective from February 18, 2026. The voting process demonstrated strong institutional and promoter support, with both categories showing 100.0000% approval for both resolutions. While retail investor participation was relatively lower at less than 1% of their total shareholding, those who participated showed overwhelming support with approval rates exceeding 99% for both resolutions.

The scrutinizer's report, submitted by Mr. Vaibhav Dandawate on February 18, 2026, confirmed the successful completion of the postal ballot process and validated the voting results in compliance with all applicable regulatory requirements.