Angel One Limited has informed the Exchange about approval received for re-classification of shareholders of Angel One Limited ( the Company ) from the Promoter and Promoter Group category to the Public category under Regulations 31A of the Securities and Exchange Board of India (Listing Obligations Disclosure Requirements) Regulations, 2015 ( Listing Regulations )
ANGELONE · price
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Angel One Limited has received approval from NSE and BSE to reclassify 19 shareholders, totaling 58,73,322 shares (6.50% of shareholding), from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI Regulation 31A. Following this reclassification, promoter holding will reduce from 35.55% (3.21 crore shares) to 29.05% (2.62 crore shares), while public holding will rise from 64.45% to 70.95%. The largest outgoing promoters are Deepak Tarachand Thakkar (2.98%) and Lalit Tarachand Thakkar (2.76%). The company had applied for this reclassification on December 2, 2024, and approvals were received on June 26, 2025.
This is a structural reclassification and not an actual share sale, so it does not change the total shares outstanding or free float availability for trading. However, it reduces the promoter group's stake from already below-50% to 29.05%, which may further dilute promoter influence on board decisions and governance matters.