Angel One Limited — Board Meeting, 14-05-2025: Outcome of Board Meeting

Angel One has announced a board meeting that gave the green light to transfer its securities broking, depository, mutual fund distribution, and research analyst businesses to its wholly owned subsidiary, Angel Securities, via a slump sale. This restructuring aims to sharpen focus on core financial services and drive growth. The payment for the transfer will be through compulsorily convertible preference shares issued by the subsidiary to Angel One. The final dividend record date, pending AGM approval, is set for May 30, 2025.