Settlement Order Details

Settlement Order Number: SO/MS/RG/2026-27/8564-8565

Legal Basis: Passed under Section 15JB of SEBI Act, 1992 read with Regulation 23(1) of SEBI (Settlement Proceedings) Regulations, 2018

Purpose: Disposing of adjudication and enquiry proceedings

Background of Proceedings

SEBI had initiated adjudication and enquiry proceedings against Angel One Limited (AOL) for alleged violations relating to supervision and monitoring of Authorised Persons under:

  • Regulation 27 of SEBI (Stock Brokers) Regulations, 1992
  • Chapter V and VI of SEBI (Intermediaries) Regulations, 2008
  • Section 12(3) of SEBI Act, 1992

Settlement Process

AOL filed settlement applications numbered 8564/2025 and 8565/2025 with SEBI under the SEBI (Settlement Proceedings) Regulations, 2018, without admission or denial of findings.

AOL submitted a Revised Settlement Term (RST) dated February 13, 2026, proposing to pay ₹4,28,01,600 (Rupees Four Crores Twenty-Eight Lakhs One Thousand Six Hundred only) towards settlement terms. The same was duly accepted by SEBI, and AOL remitted the said amount.

Violations Alleged

The authority's investigation and issuance of Show Cause Notice alleged violations by AOL relating to:

  • Inadequate supervision and monitoring of Authorised Persons
  • Failure to detect unauthorized fund collection
  • Insufficient due diligence
  • Non-compliance with applicable SEBI Regulations and Exchange circulars

Outcome and Financial Impact

Date of Receipt of Order: June 15, 2026

Penalty Status: No penalty levied by SEBI

Settlement Amount: ₹4,28,01,600 (Rupees Four Crores Twenty-Eight Lakhs One Thousand Six Hundred only) remitted by AOL

Result: Upon receipt of the settlement amount, the adjudication proceedings initiated against AOL were duly disposed of.

Financial Implications

The financial impact is quantifiable as the settlement amount of ₹4,28,01,600 paid by the company. There are no ongoing restrictions or operational impacts mentioned in the disclosure.

Action Taken

AOL remitted the settlement amount of ₹4,28,01,600, resulting in disposal of the adjudication proceedings.