Brokerage firm Angel One has resolved a case with the Securities and Exchange Board of India (SEBI) concerning alleged lapses in timely disclosures, agreeing to pay a fine of ₹34.57 lakh.
The regulator noted that the company did not disclose specific “material developments” related to its proposed scheme of arrangement and also delayed the announcement of the outcome of a board meeting held on August 9, 2023, by approximately two hours.
SEBI classified this delay and non-disclosure as a breach of its Listing Obligations and Disclosure Requirements (LODR) Regulations. Consequently, adjudication proceedings were initiated, and a show-cause notice was issued against the firm.
In response to the proceedings, Angel One submitted an application for settlement under SEBI’s regulations, seeking to resolve the matter “without admission or denial” of the regulator’s findings.
SEBI acknowledged the receipt of the settlement amount and stated, “In view of the receipt of the settlement amount by SEBI, the instant adjudication proceedings initiated against Angel One Ltd are hereby disposed of,” in its order issued on Tuesday.
Upon reviewing the settlement proposal, SEBI accepted the terms and confirmed the case’s resolution.
Published on November 4, 2025.
