Angel One 30th AGM Approves All 10 Resolutions

Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Angel One Limited

Meeting Details

Date: Friday, June 12, 2026
Time: Commenced at 04:00 p.m. IST and concluded at 04:52 p.m. IST
Location: Conducted through Video Conferencing (VC) / Other Audio Video Means (OAVM)
Type: 30th Annual General Meeting

Attendees

The following persons attended the meeting:

Mr. Dinesh Thakkar (Chairman & Managing Director & Promoter)
Mr. Muralidharan Ramachandran (Lead Independent Director)
Ms. Mala Todarwal (Independent Director)
Mr. A. K. Sridhar (Independent Director)
Mr. Kalyan Prasath (Independent Director)
Mr. NT Arunkumar (Independent Director)
Mr. Ambarish Kenghe (Group CEO and Whole-time Director)
Mr. Amit Majumdar (Whole Time Director)
Mr. Vineet Agrawal (Group Chief Financial Officer)
Ms. Naheed Patel (Company Secretary & Compliance Officer)
Representatives of SRBC & Co LLP (Statutory Auditor)
Representatives of M/s. Makarand M. Joshi & Co (Scrutinizer)
Representative of M/s. U. Hegde & Associates (Secretarial Auditors)
Total Members Present: 41

Resolutions and Implications

Ten resolutions were transacted at the meeting:

1. Ordinary Resolution: Adoption of audited Standalone Financial Statements for FY 2025-26

2. Ordinary Resolution: Adoption of audited Consolidated Financial Statements for FY 2025-26

3. Ordinary Resolution: Confirmation of payment of 2 interim dividends aggregating to ₹24.75 per equity share

4. Ordinary Resolution: Re-appointment of Mr. Krishna Iyer (DIN: 01954913) as director retiring by rotation

5. Special Resolution: Re-appointment of Ms. Mala Todarwal (DIN: 06933515) as Non-Executive Independent Director for second term of five years from October 20, 2026

6. Special Resolution: Re-appointment of Mr. Muralidharan Ramachandran (DIN: 08330682) as Non-Executive Independent Director for second term of five years from August 6, 2026

7. Special Resolution: Increase in Borrowing Limits under Section 180(1)(C) of Companies Act, 2013

8. Special Resolution: Increase in Limits under Section 180(1)(A) of Companies Act, 2013

9. Special Resolution: Approval under Section 186 of Companies Act, 2013

10. Special Resolution: Raising funds by issuance of Non-Convertible Debentures (NCDs) in one or more tranches

Voting Process and Methods

The voting was conducted through:

Remote e-voting: Commenced at 09:00 a.m. on Monday, June 8, 2026 and ended at 05:00 p.m. on Thursday, June 11, 2026
E-voting during AGM: Voting window was open on NSDL platform for 15 minutes from conclusion of AGM proceedings
National Securities Depository Limited (NSDL) was appointed as the e-voting agency

Key Voting Outcomes

Total Shares Outstanding: 91,33,49,399

Total Votes Polled: 70,17,78,258 to 70,17,89,478 across various resolutions (76.84% average participation)

Resolution-wise Results:

Item 1 (Standalone Financial Statements):

Total Votes Polled: 70,17,78,258 (76.8357%)
Votes in Favor: 70,17,76,933 (99.9998%)
Votes Against: 1,325 (0.0002%)

Item 2 (Consolidated Financial Statements):

Total Votes Polled: 70,17,78,258 (76.8357%)
Votes in Favor: 70,17,76,788 (99.9998%)
Votes Against: 1,470 (0.0002%)

Item 3 (Interim Dividend):

Total Votes Polled: 70,17,89,478 (76.8369%)
Votes in Favor: 70,17,88,668 (99.9999%)
Votes Against: 810 (0.0001%)

Item 4 (Re-appointment of Mr. Krishna Iyer):

Total Votes Polled: 70,17,89,478 (76.8369%)
Votes in Favor: 69,46,81,398 (98.9871%)
Votes Against: 71,08,080 (1.0129%)

Item 5 (Re-appointment of Ms. Mala Todarwal):

Total Votes Polled: 70,17,89,478 (76.8369%)
Votes in Favor: 69,72,57,528 (99.3542%)
Votes Against: 45,31,950 (0.6458%)

Item 6 (Re-appointment of Mr. Muralidharan Ramachandran):

Total Votes Polled: 70,17,89,478 (76.8369%)
Votes in Favor: 70,05,28,263 (99.8203%)
Votes Against: 12,61,215 (0.1797%)

Item 7 (Borrowing Limits under Section 180(1)(C)):

Total Votes Polled: 70,17,89,478 (76.8369%)
Votes in Favor: 70,17,83,626 (99.9992%)
Votes Against: 5,852 (0.0008%)

Item 8 (Limits under Section 180(1)(A)):

Total Votes Polled: 70,17,89,478 (76.8369%)
Votes in Favor: 70,17,83,931 (99.9992%)
Votes Against: 5,547 (0.0008%)

Item 9 (Approval under Section 186):

Total Votes Polled: 70,17,89,478 (76.8369%)
Votes in Favor: 69,54,36,252 (99.0947%)
Votes Against: 63,53,226 (0.9053%)

Item 10 (NCD Fundraising):

Total Votes Polled: 70,17,88,660 (76.8368%)
Votes in Favor: 70,17,82,405 (99.9991%)
Votes Against: 6,255 (0.0009%)

Participation Breakdown by Shareholder Category

Promoter and Promoter Group:

Total Shares: 26,11,32,050
Average Votes Polled: 25,74,22,220 (98.58%)
Nearly 100% support across all resolutions

Public Institutions:

Total Shares: 31,49,20,958
Average Votes Polled: 25,85,68,273 (82.11%)
Highest opposition on director appointments (2.75% against Mr. Krishna Iyer, 1.75% against Ms. Mala Todarwal)

Public Non-Institutions:

Total Shares: 33,72,96,391
Average Votes Polled: 18,57,98,985 (55.08%)
Minimal opposition across most resolutions (<0.01%)

Scrutinizer's Role and Findings

Mr. Vaibhav Dandawate (Partner of M/s. Makarand M. Joshi & Co) was appointed as Scrutinizer
Conducted both remote e-voting and e-voting during AGM
Verified that all resolutions passed with requisite majority
Confirmed that voting rights of Foreign Portfolio Investors were restricted as per SEBI Master Circular if additional disclosures were not submitted
Total shareholders on record date (June 5, 2026): 3,61,107
2 promoter group members and 39 public shareholders attended via video conferencing

Compliance Confirmation

The company confirmed compliance with:

Companies Act, 2013 and Rules thereunder
SEBI Listing Regulations
Secretarial Standard on General Meetings
MCA General Circular No. 03/2025 dated September 22, 2025
SEBI Master Circular dated January 30, 2026
Notice and annual report were sent to all shareholders as required