Angel One Limited has resolved adjudication and enquiry proceedings initiated by the Securities and Exchange Board of India (SEBI). The company paid a settlement amount of ₹4,28,01,600. These proceedings related to alleged violations concerning the supervision and monitoring of authorized persons. The settlement was accepted by SEBI, and the proceedings have now been disposed of, with no penalty levied.
Settlement Reached with SEBI
Angel One Limited has successfully concluded adjudication and enquiry proceedings with the Securities and Exchange Board of India (SEBI). The company has remitted a settlement amount of ₹4,28,01,600 (Rupees Four Crores Twenty-Eight Lakhs One Thousand Six Hundred only) to resolve the matter. This settlement brings a close to the proceedings initiated by SEBI.
Nature of Allegations
The original proceedings were initiated by SEBI concerning alleged violations by Angel One Limited. These violations pertained to the company’s supervision and monitoring of its authorized persons. Specific issues raised included failures in detecting unauthorized fund collection, insufficient due diligence, and non-compliance with applicable SEBI Regulations and Exchange circulars. These allegations were addressed through settlement applications filed by Angel One Limited.
Settlement Process
Angel One Limited submitted settlement applications to SEBI under the SEBI (Settlement Proceedings) Regulations, 2018. These applications were submitted without an admission or denial of the findings. Subsequently, the company submitted a Revised Settlement Term (RST) on February 13, 2026, proposing the settlement amount. This proposal was duly accepted by SEBI, and the payment has been remitted by Angel One Limited. Following the receipt of the settlement amount, the adjudication proceedings have been disposed of.
No Penalty Imposed
It is noteworthy that the settlement resulted in no penalty or restriction being levied by SEBI on Angel One Limited. The resolution was achieved through the agreed-upon settlement terms. The date of receipt of this communication regarding the settlement order was June 15, 2026.
Company Confirmation
Angel One Limited, through its Company Secretary and Compliance Officer, Naheed Patel, has confirmed the details of this settlement. The communication also reiterates that the settlement payment of ₹4,28,01,600 has been made, leading to the disposal of the initiated adjudication proceedings.
Source: BSE
