The 29th Annual General Meeting ( AGM ) of the Company was held on Monday, June 09, 2025 at 10:33 a.m. (IST) and concluded at 11:40 a.m. (IST) through Video Conferencing (VC) / Other Audio Video Means (OAVM)
ANGELONE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Angel One held its 29th AGM on June 9, 2025, via video conferencing, where all 8 resolutions were passed with the requisite majority. Shareholders approved the audited standalone and consolidated financial statements for FY25, and confirmed total dividends of ₹48 per share for the year (₹22 in interim dividends already paid plus a final dividend of ₹26 per share). Mr. Amit Majumdar was re-appointed as a director retiring by rotation, M/s. U Hegde & Associates was appointed as Secretarial Auditor for 5 years, and Mr. Ambarish Kenghe (Group CEO) was appointed as Director and Whole Time Director for 5 years. Shareholders also approved transferring the securities broking, depository participant, mutual fund distribution, and research analyst businesses to its wholly owned subsidiary Angel Securities Limited on a going-concern basis. Notably, on the special resolution to fix Mr. Kenghe's remuneration as Whole Time Director, public institutional investors voted 66.70% against, pulling the overall approval down to 79.16% in favor — a clear sign of dissent on CEO pay despite promoters and retail investors backing it.
The strong ₹48 per share dividend underlines solid cash generation and is positive for shareholders, while the transfer of core businesses to a wholly owned subsidiary may streamline operations but warrants close monitoring of execution. The strong institutional pushback (around two-thirds of public institutions voting against) on the Group CEO's remuneration is a red flag that could draw governance scrutiny and weigh on institutional sentiment.