Angel One Limited announced the approval of a significant stock split alongside its third quarter financial results. The Board of Directors approved the subdivision of equity shares in a 1:10 ratio, which will reduce the face value from ₹10 to ₹1 per share, making the stock more accessible to retail investors.

Stock Split Details

The Board approved a comprehensive stock split proposal designed to enhance market participation and liquidity. The restructuring will significantly impact the share structure:

The rationale behind the stock split is to make the company's equity shares more affordable and enhance liquidity for increased market participation, particularly among retail and individual investors. The record date for the stock split will be announced in due course, subject to requisite regulatory approvals.

Q3 Financial Performance

The company reported mixed financial results for the third quarter, demonstrating operational efficiency improvements despite challenges in net profitability:

Revenue from operations increased 6% year-on-year to ₹1,335 crores, while EBITDA grew 7% to ₹530 crores with margin expansion to 39.65%. However, consolidated net profit declined 4% to ₹269 crores, reflecting competitive pressures in the brokerage industry.

Interim Dividend Declaration

Alongside the stock split approval, the Board declared an interim dividend for shareholders:

The dividend will be paid to eligible shareholders whose names appear in the register of members or depository records as of the record date.

Strategic Impact

The stock split represents a strategic move to democratize share ownership and attract broader retail participation. Angel One continues to focus on expanding its market presence in the competitive stock broking sector through technology infrastructure investments and customer acquisition initiatives. All proposed corporate actions remain subject to requisite regulatory and shareholder approvals.

Angel One Limited announced its quarterly results for Q3 FY26 ended December 31, 2025, along with significant corporate decisions during a Board meeting held on January 15, 2026. The company declared its first interim dividend for the financial year and approved a stock split while withdrawing a previously proposed business transfer scheme.

Financial Results and Dividend Declaration

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. Along with the quarterly results, the company declared a first interim dividend for Financial Year 2025-26.

The dividend will be paid to members whose names appear on the Register of Members or in records of Depositories as beneficial owners as on the record date.

Stock Split Approval

The Board approved a significant corporate action involving the subdivision of equity shares. The company will split each existing equity share into multiple shares to enhance affordability and liquidity.

The rationale behind the stock split is to make the company's equity shares more affordable and enhance their liquidity for increased market participation by investors, especially retail and individual investors. The split is subject to approval by members through postal ballot and is expected to be completed within two months from receipt of all regulatory and statutory approvals.

Business Transfer Withdrawal

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

The Board noted various developments within the company and in the external environment over the past few months. After careful consideration of these factors, the Board believes it would be prudent, in the interest of the company and its stakeholders, to withdraw the proposed business transfer at this time in its current form.

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 of the Memorandum of Association. The altered Clause V(a) will reflect the new authorized share capital structure of ₹120,00,00,000 divided into 120,00,00,000 equity shares of ₹1 each.

The company expects to complete the stock split process tentatively within two months from receipt of all regulatory and statutory approvals and member approval. The financial results and corporate decisions demonstrate Angel One's continued focus on enhancing shareholder value through strategic capital structure optimization and dividend distribution.