Angel One Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 09, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
ANGELONE · price
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Angel One held its 29th AGM on June 9, 2025 via video conferencing, with 50 members in attendance and all 8 resolutions passed with the requisite majority. Shareholders approved the standalone and consolidated financial statements for FY25 and confirmed total dividends of ₹48 per share (₹22 in interim dividends plus a ₹26 final dividend). Key corporate actions approved include the appointment of Mr. Ambarish Kenghe (Group CEO) as a Director and as Whole Time Director for 5 years from April 16, 2025, the appointment of M/s. U Hegde & Associates as Secretarial Auditor for 5 years, and the transfer of the company's securities broking, depository participant, mutual fund distribution, and research analyst businesses on a going-concern basis to wholly owned subsidiary Angel Securities Limited. Overall voting turnout was about 78% of outstanding shares (roughly 7.06 crore shares polled out of 9.05 crore).
Routine AGM clearance with no negative outcomes for shareholders — the ₹48 total dividend is confirmed, and the business transfer to Angel Securities will restructure the group's operating units but keeps everything within the promoter group. Notably, institutional investors voted overwhelmingly against the remuneration-related appointment of Mr. Kenghe as Whole Time Director (66.7% of institutional votes polled were against, with ~1.46 crore shares dissenting), even though the resolution still passed overall at 79.16% — investors may want to watch the rationale for executive pay.