Angel One has received a penalty of ₹5,74,400 from the National Stock Exchange of India (NSE) due to discrepancies in margin collection reporting for clients and incorrect data reporting for collateral. The NSE’s action follows a limited purpose inspection, with the penalty being applied for errors detected as of June 2, 2025. Angel One has stated that improvements to their processes have been implemented.
Penalty Imposed by NSE
Angel One has been penalized by the National Stock Exchange of India (NSE) with a fine of ₹5,74,400. The penalty stems from issues identified during a limited purpose inspection that took place in June 2025, specifically in the Cash, F&O, and CD segments.
Details of the Discrepancies
The NSE’s inspection revealed two key areas of concern:
- Incorrect reporting of margin collection from clients in 111 instances out of 5,63,670 total instances, amounting to ₹1,14,87,853.46 as of June 2, 2025.
- Incorrect data reporting regarding the segregation and monitoring of collateral at the client level.
Angel One’s Response and Actions
Following the identification of these discrepancies, Angel One stated that they have implemented changes in their reporting logic to ensure compliance with regulatory directives. The company maintains that the errors were due to inadvertent or technical issues. The NSE has emphasized that accurate data verification is essential before submission to the Exchange.
Impact Assessment
Angel One has stated that the penalty and the required process adjustments will not have a material impact on the company’s financial performance, operations, or other activities.
Source: BSE
