Angel One Limited announced significant corporate developments alongside its Q3FY26 quarterly results for the quarter ended December 31, 2025. The Board of Directors, in their meeting held on January 15, 2026, approved several key decisions that will impact shareholders and the company's corporate structure.

Major Board Decisions

The Board meeting, which commenced at 2:50 PM and concluded at 6:00 PM at the Maple Conference Room in Mumbai, resulted in multiple important resolutions. The directors approved and took on record the unaudited standalone and consolidated financial results along with the Limited Review Report by auditors for the quarter ended December 31, 2025.

Interim Dividend Declaration

The Board declared the first interim dividend for Financial Year 2025-26 at ₹23.00 per equity share on shares having face value of ₹10.00 each. The record date for dividend eligibility has been set as January 21, 2026, and the dividend payment will be completed on or before February 13, 2026.

Stock Split Approval

The Board approved a significant stock split, subdividing each existing equity share having face value of ₹10.00 into 10 equity shares having face value of ₹1.00 each. This decision aims to make the company's equity shares more affordable and enhance liquidity for increased market participation, especially by retail and individual investors.

The stock split requires approval from members through postal ballot, and the company expects completion within two months from receipt of all regulatory and statutory approvals.

Business Transfer Withdrawal

In a significant strategic reversal, the Board decided to withdraw the proposed business transfer undertaking that was initially approved on May 14, 2025. The original proposal involved transferring securities broking business, depository participant business, mutual fund distribution business, and research analyst business to Angel Securities Limited, a wholly owned subsidiary.

The Board cited various developments within the company and external environment factors over recent months as reasons for this decision. After careful consideration, the Board determined it would be prudent to withdraw the proposed business transfer in the interest of the company and its stakeholders.

Postal Ballot and Regulatory Approvals

The Board approved a Postal Ballot Notice dated January 15, 2026, seeking member approval for the proposed stock split and consequential alteration of the Capital Clause in the Memorandum of Association. The altered clause will reflect the new authorized share capital structure of ₹120.00 crores divided into 120 crore equity shares of ₹1.00 each.

The company expects to complete the stock split process tentatively within two months from receipt of all regulatory and statutory approvals, along with member approval through the postal ballot process.

Angel One Limited announced its unaudited financial results for the quarter ended December 31, 2025, along with several significant corporate decisions during its board meeting held on January 15, 2026. The broking services company reported mixed performance with revenue growth but profit decline compared to the previous year.

Financial Performance Overview

The company's consolidated financial results showed total revenue from operations of ₹13,348.96 million for Q3FY26, representing an increase from ₹12,017.58 million in the previous quarter. However, when compared to Q3FY25, revenue declined from ₹12,622.06 million.

For the nine months ended December 31, 2025, the company reported total revenue of ₹36,771.85 million and net profit of ₹5,948.62 million, compared to ₹41,823.66 million revenue and ₹9,975.60 million profit in the corresponding period of the previous year.

Revenue Composition and Segment Performance

The company's revenue streams showed varied performance across different categories. Interest income increased to ₹4,408.62 million in Q3FY26 from ₹3,493.86 million in Q3FY25. Fees and commission income, however, decreased to ₹8,895.84 million from ₹9,052.64 million year-on-year.

Major Corporate Decisions

Interim Dividend Declaration

The board declared the first interim dividend for Financial Year 2025-26 at ₹23.00 per equity share of face value ₹10.00 each. The record date is set for January 21, 2026, and the dividend will be paid on or before February 13, 2026.

Stock Split Approval

The board approved a significant stock split where each existing equity share of face value ₹10.00 will be subdivided into 10 equity shares of face value ₹1.00 each. This decision aims to make the company's equity shares more affordable and enhance liquidity for increased market participation by retail investors.

Business Transfer Withdrawal

The company withdrew its previously proposed business transfer undertaking that was approved on May 14, 2025. The proposal involved transferring securities broking business, depository participant business, mutual fund distribution business, and research analyst business to wholly-owned subsidiary Angel Securities Limited through a slump sale arrangement. The board cited careful consideration of various developments within the company and external environment as reasons for the withdrawal.

Operational Highlights

The company's expense management showed mixed results with total expenses increasing to ₹9,641.54 million in Q3FY26 from ₹8,764.76 million in Q3FY25. Employee benefits expenses rose to ₹2,743.15 million from ₹2,373.22 million, partly due to the impact of new Labour Codes notification, which resulted in additional gratuity provision of ₹42.94 million.

Other expenses included Indian Premier League sponsorship costs of ₹1,151.90 million during the nine months ended December 31, 2025. The company also established Angel One LivWell Life Insurance Limited as an associate company with a 26% equity stake, in collaboration with LivWell Holding Company Pte. Limited.

Financial Position and Outlook

The company maintains a strong financial position with equity share capital of ₹908.55 million as of December 31, 2025. The stock split and dividend declaration demonstrate management's confidence in the company's financial stability and commitment to enhancing shareholder value through improved accessibility and regular returns.