SEBI imposes Rs 3 lakh penalty on Angel One over AP compliance gaps

SEBI penaltyRegulatory & Legal View source PDF Explain this filing

ANGELONE · price

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Price reactionminutes from the announcement price · days from the prior close

+1.2%Reaction day

₹268.00

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%+1.6% vs market

Stockbroking & Allied peers, median of 36sector-0.2%+1.3% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Smallcap 250 and 1.3 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Smallcap 250Sector · Stockbroking & Allied peers, median of 36Pending

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AI summary

SEBI passed an adjudication order on November 11, 2025, imposing a penalty of Rs 3 lakh on Angel One under section 15HB of the SEBI Act. The order follows a thematic inspection by SEBI and NSE of an authorized person named Mr Ashwin Thakkar, covering January to June 2024. Alleged non-compliances include operation of terminals by unapproved users, terminals not at reported locations, APs dealing with other APs, and inadequate supervision of authorized persons. The company states there is no material financial or operational impact from this order.

Likely market impact

Small penalty with no material financial impact per company, though it highlights gaps in monitoring of authorized persons and trading terminals.