Angel One Limited — Important, 14-05-2025: General Updates

Angel One Limited has announced a board meeting on the in-principle approval to transfer its entire securities broking, depository, mutual fund distribution, and research analyst businesses to its subsidiary, Angel Securities Limited, via slump sale. These businesses account for over 99% of revenue and around 85% of net worth as of March 2025. Consideration will be through compulsorily convertible preference shares. The move aims to simplify structure, drive focused growth, and unlock stakeholder value. Completion awaits shareholder and regulatory clearance.