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.

Angel One has reported strong performance metrics for January, demonstrating significant growth across key business parameters. The brokerage firm's client funding book and customer base both registered substantial year-over-year increases, reflecting robust business momentum.

Financial Performance Highlights

The company's client funding book reached ₹61.18 billion in January, representing a notable expansion in its lending operations. This growth trajectory indicates strong demand for margin funding services among the company's client base.

Client Base Expansion

Angel One's client base has grown to 36.39 million, marking a 20.8% increase compared to the previous year. This expansion demonstrates the company's ability to attract and retain customers in the competitive brokerage market. The steady growth in client numbers provides a solid foundation for future business development and revenue generation.

Business Momentum

The dual growth in both client funding book and customer base indicates strong operational performance across Angel One's core business segments. The 45.7% year-over-year increase in the funding book suggests enhanced client engagement and increased utilization of margin trading facilities. Meanwhile, the expansion of the client base by over 7 million customers year-over-year reflects the company's effective customer acquisition strategies and market penetration efforts.