Angel One Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 09, 2025
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Angel One Limited has issued the notice for its 29th Annual General Meeting (AGM) scheduled for Monday, June 9, 2025 at 10:30 a.m. IST, to be held via video conferencing. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY25 and confirm two interim dividends of ₹22 per share along with a proposed final dividend of ₹26 per share (total ₹48 per share for FY25). The meeting also seeks approval to appoint Mr. Ambarish Kenghe (ex-Google VP, currently Group CEO) as a Whole Time Director for 5 years from April 16, 2025, with total annual compensation of ₹12 crore (₹8 crore base + ₹4 crore short-term incentive) and RSUs valued at ₹140 crore. Additionally, shareholders will vote on a special resolution to transfer the company's broking, depository participant, mutual fund distribution, and research analyst businesses to its wholly owned subsidiary Angel Securities Limited via a slump sale, restructuring Angel One into an operating holding company focused on tech, digital platforms, and shared services. The record date for the final dividend is May 30, 2025.
The AGM covers routine approvals (financials, dividend) plus two significant items: a substantial CEO compensation package of ₹12 crore plus ₹140 crore in RSUs signals a high-profile leadership bet, and the proposed transfer of core broking business to a subsidiary marks a major restructuring toward becoming a financial services holding company. Shareholders should review the business transfer carefully as it may reshape revenue and risk profile, though as an intra-group transfer the operational impact is expected to be limited.