Angel One Shareholders Approve Equity Share Sub-Division and Capital Clause Amendment via Postal Ballot

Angel One Limited has successfully concluded its postal ballot process on February 18, 2026, with shareholders providing overwhelming approval for two critical corporate resolutions through remote e-voting. The brokerage firm sought shareholder approval for equity share sub-division and amendments to its capital clause, both of which received strong support from the investor community. Postal Ballot Process and Timeline The remote e-voting process commenced on Tuesday, January 20, 2026 at 09:00 a.m. and concluded on Wednesday, February 18, 2026 at 5:00 p.m. The company had initially announced its intention to seek shareholder approval through postal ballot in a communication dated January 19, 2026, with the postal ballot notice issued on the same date. The company appointed Mr. Vaibhav Dandawate, and in his absence, Ms. Deepti Yavagal Kulkarni, Partner of M/s Makarand M. Joshi & Co., Company Secretaries, as the scrutinizer to conduct the postal ballot and e-voting process in a fair and transparent manner. National Securities Depositories Limited (NSDL) provided the remote e-voting facility for shareholders. Voting Results for Equity Share Sub-Division The first resolution seeking approval for sub-division/split of equity shares received exceptional support from shareholders across all categories: Category Total Shares Held Votes Polled Polling % Votes in Favor Votes Against Approval % Promoter and Promoter Group 2,62,28,205 1,82,91,912 69.7414% 1,82,91,912 0 100.0000% Public Institutions 2,82,96,916 2,32,09,764 82.0222% 2,32,09,764 0 100.0000% Public Non-Institutions 3,63,30,358 2,43,940 0.6714% 2,43,108 832 99.6589% Total 9,08,55,479 4,17,45,616 45.9473% 4,17,44,784 832 99.9980% Capital Clause Alteration Approval The second resolution for alteration of the Capital Clause of the Memorandum of Association also received strong shareholder support: Category Total Shares Held Votes Polled Polling % Votes in Favor Votes Against Approval % Promoter and Promoter Group 2,62,28,205 1,82,91,912 69.7414% 1,82,91,912 0 100.0000% Public Institutions 2,82,96,916 2,32,01,786 81.9940% 2,32,01,786 0 100.0000% Public Non-Institutions 3,63,30,358 2,43,784 0.6710% 2,42,334 1,450 99.4052% Total 9,08,55,479 4,17,37,482 45.9383% 4,17,36,032 1,450 99.9965% Regulatory Compliance and Documentation The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The company also complied with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published newspaper advertisements in "Financial Express" (English-all editions) and "Mumbai Lakshdeep" (Marathi edition) on Tuesday, January 20, 2026, as required under regulatory provisions. The cut-off date for determining eligible shareholders was set as Wednesday, January 14, 2026. Key Observations Both resolutions were passed with the requisite majority, becoming effective from February 18, 2026. The voting process demonstrated strong institutional and promoter support, with both categories showing 100.0000% approval for both resolutions. While retail investor participation was relatively lower at less than 1% of their total shareholding, those who participated showed overwhelming support with approval rates exceeding 99% for both resolutions. The scrutinizer's report, submitted by Mr. Vaibhav Dandawate on February 18, 2026, confirmed the successful completion of the postal ballot process and validated the voting results in compliance with all applicable regulatory requirements. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.