Angel One Limited — Important, 12-02-2025: General Updates

The Board of Angel One Limited has decided to withdraw the previously approved Scheme of Arrangement involving the transfer of business assets to its wholly-owned subsidiaries, Angel Securities Limited and Angel Crest Limited. This decision follows a communication from the National Stock Exchange indicating the need for additional documents and clarifications before the application could advance. The Board, after evaluating recent developments within and outside the company, deemed it prudent to withdraw the scheme in its current form to protect the interests of the company and its stakeholders. This strategic decision may lead to a reassessment of future initiatives related to the company’s structural organization. Shareholders should watch closely for any further developments or alternative plans.