Angel One Limited has informed the Exchange regarding Resignation of Mr. Devender Kumar as Chief Revenue Officer-Direct Business of the company w.e.f. September 30, 2025.
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Mr. Devender Kumar, Chief Revenue Officer – Direct Business and a Senior Management Personnel of Angel One Limited, has resigned from the company. He tendered his resignation on June 19, 2025, with his last working day set for September 30, 2025, giving roughly a 3.5-month transition period. In his resignation letter, he stated he is leaving to pursue interests outside the company. He has committed to ensuring a smooth handover of responsibilities. The disclosure was filed under SEBI Listing Regulations, and the detailed reason and profile were submitted to the exchanges as annexures.
This is a senior management exit but not at the CEO or board level, so the direct impact on the stock price is likely limited. Investors may want to watch for the company's succession plan for the Direct Business revenue role, as this function is important to the broker's growth.