Angel One AGM approves ₹24.75 dividend, NCD route

What shareholders approved at the 30th AGM

Angel One Limited shareholders approved two interim dividends aggregating to ₹24.75 per equity share for the financial year ended March 31, 2026. The approvals came at the company’s 30th Annual General Meeting held on June 12, 2026. The AGM was conducted through video conferencing.

Alongside the dividend confirmation, shareholders passed resolutions relating to board composition, fund-raising flexibility, and higher limits for borrowing and investments under the Companies Act, 2013. The company said all ten resolutions on the agenda were passed with the requisite majority.

Dividend: confirmation of two interim payouts

The ordinary resolution to confirm payment of two interim dividends totalling ₹24.75 per share received near-unanimous support. According to the voting summary disclosed, the dividend resolution recorded 70,17,88,668 votes in favour and 810 votes against, translating to 99.9999% support.

The approval aligns with the company’s AGM agenda for FY26, which included adoption of financial statements and confirmation of interim dividends for the year ended March 31, 2026.

Board and governance: two independent directors reappointed

Shareholders approved the re-appointment of two Non-Executive Independent Directors for a second term of five consecutive years.

• Ms. Mala Todarwal was re-appointed for a second term effective October 20, 2026.
• Mr. Muralidharan Ramachandran was re-appointed for a second term effective August 6, 2026.

Both appointments were approved through special resolutions, with 99.3542% votes in favour for Ms. Todarwal and 99.8203% in favour for Mr. Ramachandran, based on the disclosed voting results.

Fund-raising flexibility: NCD issuance and higher statutory limits

The AGM also authorised Angel One to raise funds through issuance of Non-Convertible Debentures (NCDs) in one or more tranches, through private placement or public issue. A separate AGM scheduling note in the provided text also specified that the company proposed to raise up to ₹1,500 crores via NCDs, which is ₹150 billion.

Shareholders further sanctioned an increase in borrowing limits under Section 180(1)(C) of the Companies Act, 2013, and an increase in limits under Section 180(1)(A) concerning investments, loans, and deposits. The supporting text around the AGM agenda also referenced an increase of these limits to ₹20,000 crores, which is ₹2,000 billion, and approval for loans, guarantees, and investments under Section 186 up to an aggregate of ₹20,000 crores.

Voting highlights and participation levels

Angel One said overall participation exceeded 76.8% of the outstanding shares. The company also disclosed strong support from the Promoter and Promoter Group, which cast 25,74,22,220 votes in favour of the financial statements and dividend resolutions.

Public Institutions and Public Non-Institutions also participated in the voting process, according to the disclosure.

Voting results table: key AGM resolutions

Meeting conduct: chair, attendees, and e-voting window

The AGM was chaired by Mr. Dinesh Thakkar, Chairman and Managing Director. Key management attendees included Mr. Ambarish Kenghe, Group CEO and Whole-time Director, and Mr. Vineet Agrawal, Group Chief Financial Officer.

The statutory auditors, SRBC and Co LLP, were represented by Mr. Rutushtra Patell and Mr. Jaikishan Wadhwani. M/s. Makarand M. Joshi and Co acted as scrutinizer for the e-voting process.

Angel One disclosed that the remote e-voting period commenced on June 8, 2026, and concluded on June 11, 2026.

Stock snapshot and returns context provided

The supplied text included a price snapshot for Angel One showing ₹339.50, up ₹15.75 (+4.86%). It also included a historical return grid for the stock: +4.86% (1 day), +0.53% (5 days), +7.03% (1 month), +31.72% (6 months), +9.01% (1 year), and +288.58% (5 years).

Separately, the provided content also referenced multiple historical price points, including a note that as of February 27, 2026, the share price was Rs 233.2 on NSE and Rs 233.2 on BSE, and another line stating “₹322.3 today” without a specified date in the text.

Financial context cited in the supplied material

Within the wider set of supplied excerpts, Angel One’s FY26 results were referenced as ₹51.4 billion revenue and ₹9.15 billion net profit, alongside a market capitalisation figure of 22,390.03 crore. Another excerpt in the same supplied text cited total income of ₹42.8 billion (up 41.7% year-on-year), operating profit of ₹15.6 billion, and profit after tax from continuing operations of ₹11.3 billion.

These figures were included in the provided material as context around company performance and capital decisions discussed alongside shareholder approvals.

Why these AGM approvals matter for capital planning

The set of resolutions passed gives Angel One multiple levers to manage capital allocation within the framework of shareholder consent. Dividend confirmation formalises the cash return to shareholders for FY26, while the NCD authorisation provides a route to raise debt capital through one or more tranches.

The higher borrowing and investment limits under Sections 180 and 186, as referenced in the supplied text, expand the ceiling for borrowing and for making investments, loans, and deposits. Together, these approvals create headroom for financing activities if the company chooses to use them, without requiring immediate fresh shareholder votes for each step within the approved limits.

Key facts snapshot

Closing takeaways and next reference points

Angel One’s 30th AGM resulted in approval of dividends, director reappointments, and resolutions that increase financial flexibility through NCD issuance and enhanced statutory limits. The voting outcome was overwhelmingly in favour across key items, and participation was reported at over 76.8% of outstanding shares.

The next actionable milestones based on the provided information would be any subsequent company communication on use of the NCD authorisation or decisions under the expanded borrowing and investment limits, should the board choose to proceed within the approved framework.