AngelOne

To,

Listing Department

National Stock Exchange of India Limited

Exchange Plaza, C-1, G Block,

Bandra Kurla Complex,

Bandra (East), Mumbai - 400 051.

Department of Corporate Service

BSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street,

Mumbai - 400 001.

Symbol: ANGELONE

Scrip Code: 543235

Sub: Notice of the Thirtieth (30th) Annual General Meeting of Angel One Limited for Financial Year 2025-26 as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and as amended ('Listing Regulations').

Dear Sir/ Ma'am,

We wish to inform you that the Thirtieth (30th) Annual General Meeting of Angel One Limited ("the Company") will be held on Friday, 12 June, 2026, at 04.00 p.m. (IST) through Video Conferencing in accordance with the Ministry of Corporate Affairs ("MCA") Circular No. 20/2020 dated 05 May, 2020 and Circular no. 02/2021 dated 13 January, 2021 read with Circular Nos. 14/2020 and 17/2020 dated 08 April, 2020 and 13 April, 2020 respectively, Circular No 21/2021 dated 14 December, 2021, Circular No 10/2022 dated 28 December, 2022 Circular No. 09/2023 dated 25 September, 2023, Circular No. 09/2024 dated September 19, 2024 and circular no. 03/2025 dated 22 September, 2025 (collectively referred to as "MCA Circulars") and Securities and Exchange Board of India ("SEBI") vide its Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated 12 May, 2020, Circular No. SEBI/HO/CFD/CMD2/CIR/P/2021/11 dated 15 January, 2021, Circular No SEBI/HO/CFD/Pod-2/P/CIR/2023/4 dated 05 January, 2023, circular no SEBI/HO/CFD/CFD-Pod-2/P/CIR/2023/167 dated October 07, 2023 and SEBI/HO/CFD/CFD-Pod-2/P/CIR/2024/133 dated 03 October, 2024 (collectively referred to as "SEBI Circulars").

Accordingly, pursuant to Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Notice of the 30th Annual General Meeting of the Company along with the explanatory statement, for the information to Stock Exchanges. The Notice forms integral part of the Annual Report of the Company for the Financial Year 2025-26. Further, the Annual Report has been disseminated to those members whose e-mail addresses are registered with the Company/Registrar and Transfer Agent/ Depositories through electronic mode.

For Members who have not registered their e-mail address, a letter containing web-link of the website where details pertaining to the entire Annual Report is hosted is being sent at the address registered in the records of RTA/Company/Depositories.

The Annual Report containing the Notice is also uploaded on the Company's website: www.angelone.in.

We request you to take the same on your records.

Thanking you,

For Angel One Limited

NAHEED

REGISTERED

NAMED

REGISTRATION NO.

REHAN PATEL

Name (INVOICE ID 0120549)

075-01

Naheed Patel

Company Secretary and Compliance Officer

Date: May 20, 2026

Place: Mumbai

Corporate & Regd Office:

601, 6th Floor, Ackruti Star, Central Road, MIDC,

Andheri (E), Mumbai - 400093.

T: (022) 4000 3600

F: (022) 4000 3609

E: [email protected]

www.angelone.in

Angel One Limited

CIN: L67120MH1996PLC101709,

SEBI Registration No Stock Broker: IN2000161534,

CDSL: IN-OP-384-2018, PMS: INP000001546,

Research Analyst: INH00000184, Investment Advisor: INA000008172,

AMFI Regn. No. ARN-77404, PFRDA, Regn. No.-19092018.

Classified as Internal

Notice

NOTICE OF THE 30TH ANNUAL GENERAL MEETING

Notice is hereby given that the Thirtieth (30th Annual General Meeting ("AGM") of the members of Angel One Limited ("the Company") will be held on Friday, 12 June, 2026 at 04:00 p.m. (IST) through Video Conferencing ("VC")/ Other Audio Visual Means ("GAVM") to transact the businesses as mentioned below.

The proceedings of the AGM shall be deemed to be conducted at the Registered Office of the Company which shall be the deemed Venue of the AGM.

ORDINARY BUSINESS:

1. Adoption of Standalone Financial Statements:

To receive, consider and adopt the Audited Standalone Statements of Profit and Loss, Cash Flow Statement of the Company for the financial year ended 31 March, 2026 and the Balance Sheet as at 31 March, 2026 and the Reports of the Directors and the Auditors thereon, together with the Reports of the Board of Directors and Auditors thereon.

2. Adoption of Consolidated Financial Statements:

To receive, consider and adopt the Audited Consolidated Statements of Profit and Loss, Cash Flow Statement of the Company for the financial year ended 31 March, 2026 and the Balance Sheet as at 31 March, 2026, together with the Reports of the Board of Directors and Auditors thereon.

3. Confirmation of payment of the Interim Dividends For FY 2025-26:

To confirm the payment of 2 (Two) Interim Dividends aggregating to FY 24.75 (Rupees Twenty Four and Seventy-Five pales only) per equity share and for the financial year ended 31 March, 2026.

4. Appointment of Director retiring by rotation:

To appoint a director in place of Mr. Krishna Iyer (DIN: 01954913), who retires by rotation and being eligible offers himself for re-appointment.

SPECIAL BUSINESS:

5. To consider and approve the re-appointment of Ms. Mala Todarwal (DIN: 06933515) as a Non-Executive Independent Director of the Company for a second term of five consecutive years w.e.f. 20 October, 2026:

To consider and, if thought fit, to pass the following resolution as a Special Resolution:

"RESOLVED THAT pursuant to the provisions of Sections 149, 150 and 152 and other applicable provisions, if any, read along with Schedule IV to the Companies Act, 2013 ('the Act'), the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and Regulation 17, 25(2A) and any other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), as amended from time to time, the provisions of the Articles of Association of the Company, Nomination and Remuneration Policy, Ms. Mala Todarwal (DIN: 06933515), who was appointed as a Non-Executive Independent Director of the Company for a term of five (5) consecutive years being eligible for re-appointment as a Non-Executive Independent Director and has given her consent along with a declaration that she meets the criteria for Independence under Section 149(6) of the Act and the Rules framed thereunder and Regulation 16(1)(b) of the SEBI Listing Regulations and based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors of the Company, be and is hereby re-appointed as a Non-Executive Independent Director of the Company, not liable to retire by rotation, to hold office for a second term of five (5) consecutive years commencing from 20 October, 2026 to 19 October, 2031.

RESOLVED FURTHER THAT the Board of Directors of the Company (including its Committee thereof) be and is hereby authorised to do all such acts, deeds, matters and things as may be necessary, expedient and desirable for the purpose of giving effect to this resolution."

6. To consider and approve the re-appointment of Mr. Muralidharan Ramachandran (DIN: 08330682) as a Non-Executive Independent Director of the Company for a second term of five consecutive years w.e.f. 06 August, 2026:

To consider and, if thought fit, to pass the following resolution as a Special Resolution:

"RESOLVED THAT pursuant to the provisions of Sections 149, 150 and 152 and other applicable provisions, if any, read along with Schedule IV to the Companies Act, 2013 ('the Act'), the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and Regulation 17, 25(2A) and any other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), as amended from time to time, the provisions of the Articles of Association of the Company, Nomination and Remuneration Policy, Mr. Muralidharan Ramachandran (DIN: 08330682), who was appointed as a Non-Executive Independent Director of the Company for a term of five (5) consecutive years being eligible for re-appointment as a Non-Executive Independent Director and has given his consent along with a declaration that he meets the criteria for independence under Section 149(6) of the Act and the Rules framed thereunder and Regulation 16(1)(b) of the SEBI Listing Regulations and based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors of the Company, be and is hereby re-appointed as a Non-Executive Independent Director of the Company, not liable to retire by rotation, to hold office for a second term of five (5) consecutive years commencing from 06 August, 2026 to 05 August, 2031.

7. Increase in Borrowing Limits under Section 180(1)(C) of The Companies Act, 2013:

To consider and, if thought fit, to pass the following resolution as a Special Resolution:

"RESOLVED THAT pursuant to the provisions of 180(1)(c) and other applicable provisions, if any, of the Companies Act, 2013 and relevant rules made thereto (including any statutory modifications, amendment(s) or re-enactments thereof, for the time being in force) applicable regulations framed by Securities Exchange Board of India, applicable provisions of Foreign Exchange Management Act, 1999 read in accordance with the Memorandum and read with the Articles of Association of the Company and in supersession of all the earlier resolutions passed in this regards, and such other applicable laws and regulations and subject to the permissions, approvals, consents and sanctions as may be necessary to be obtained from appropriate authorities, to the extent applicable and wherever necessary consent of the members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the "Board", which term shall include any Committee which the Board may have constituted or hereinafter constitute or any officer(s) authorised by the Board) to borrow monies whether in Indian or foreign currency (fund based and/ or non-fund based facilities), secured or unsecured, including but not be limited to overdraft facilities, demand loans, cash credit facilities, commercial papers, term loans, bonds, any other security or instruments, such as floating rate notes, fixed rate notes, syndicated loans, debentures (whether convertible or non-convertible), commercial borrowings, bank guarantees, letter of credit, or any other instruments, either in Indian rupees or in such other foreign currencies, permitted to be issued by the Company under any law from time to time from any bank(s) or other financial institution(s) or foreign lender(s) or investors or from private window of multilateral financial institution(s) or any other body corporate(s) or entity or entities or authority or authorities, as may be deemed appropriate by the Board for an aggregate amount not exceeding ₹ 20,000 crores (Rupees Twenty Thousand crores only), outstanding at any point of time, notwithstanding that money so borrowed together with the monies already borrowed by the Company, if any, (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate of the paid-up share capital of the Company and its free reserves as per the latest annual audited financial statements.

RESOLVED FURTHER THAT the Board of Directors be and is hereby authorised to take such steps as may be necessary for obtaining approvals, statutory, contractual or otherwise, in relation to the above and to settle all matters arising out of and incidental thereto, and to sign and to execute deeds, applications, documents and writings that may be required, on behalf of the Company and generally to do all such acts, deeds, matters and things as may be necessary, proper, expedient or incidental for giving effect to this resolution and further to authorise any of its Committee(s)/Director(s) or any Officer(s) of the Company to do all such acts, deeds or things as it may in its absolute discretion deem necessary proper and fit.

RESOLVED FURTHER THAT a certified true copy of the above resolution signed by any one of the Directors or the Company Secretary of the Company be furnished to the concerned authorities as and when required."

8. Increase in Limits Under Section 180(1)(A) of The Companies Act, 2013:

To consider and, if thought fit, to pass the following resolution as a Special Resolution:

"RESOLVED THAT pursuant to the provisions Section 180(1)(a) and other applicable provisions if any, of the Companies Act, 2013 read with relevant Rules made thereunder (including any modification(s) thereto or re-enactment(s) thereof for the time being in force), applicable regulations framed by Securities Exchange Board of India, applicable provisions of Foreign Exchange Management Act, 1999 read with rules or regulations framed thereunder, provisions of the Memorandum and Articles of Association of the Company and in supersession of all the earlier resolutions passed in this regards and such other applicable laws and regulations and subject to the permissions, approvals, consents and sanctions as may be necessary to be obtained from appropriate authorities, to the extent applicable and wherever necessary and subject to such approvals, sanctions, consents, permissions as may be necessary consent of the members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the "Board", which term shall include any Committee which the Board may have constituted or hereinafter constitute or any officer(s) authorised by the Board) to pledge, mortgage, lien, hypothecate and/or charge all or any part of the movable or immovable assets of the Company, tangible or

ANGEL ONE LIMITED

ANNUAL REPORT 2025-26

80
ANGEL ONE LIMITED
ANNUAL REPORT 2025-26
91

intangible assets, and the whole or substantially the whole of the undertaking of the Company of every nature and kind whatsoever and/or creating floating and/or exclusive charge on all or any movable or immovable assets, tangible or intangible assets, wherever situated, both present and in future, of the Company and the whole or substantially the whole of the undertaking of the Company to or in favour of any bank(s) or other financial institution(s) or foreign lender(s) or multilateral financial institution(s) or investors or any other lenders or debenture trustees or any other body corporate(s) or entity or entities or authority or authorities, as may be deemed appropriate by the Board, to secure the amount borrowed by the Company or any third party from time to time for the due payment of the principal and/or together with interest, charges, costs, expenses and all other monies payable by the Company or any third party in respect of such borrowings provided that the aggregate indebtedness secured by the assets of the Company does not exceed ₹ 20,000 crores (Rupees Twenty Thousand crores only) at any time.

RESOLVED FURTHER THAT the Board of the Company be and are hereby authorised to finalise with bank(s) or other financial institution(s) or foreign lender(s) or multilateral financial institution(s) or investors or any other lenders or debenture trustees or any other body corporate(s) or entity or entities or authority or authorities the documents for creating aforesaid mortgage and/or the charge and to do all such acts, deeds, matters and things as may be necessary, proper and expedient or incidental for giving effect to this resolution and further to authorise any of its Committee(s)/Director(s) or any Officer(s) of the Company to do all such acts, deeds or things as it may in its absolute discretion deem necessary proper and fit.

9. Approval under Section 186 of The Companies Act, 2013:

To consider and, if thought fit, to pass the following resolution as a Special Resolution:

'RESOLVED THAT pursuant to the provisions of Section 186 of the Companies Act, 2013 (the 'Act') read with the Companies (Meetings of Board and its Powers) Rules, 2014, and other applicable provisions, if any, of the Act (including any statutory modification, amendment or re-enactment thereof for the time being in force) and subject to other applicable laws and such other approvals, consents, sanctions and permissions as may be required in that behalf and in terms of the Memorandum and Articles of Association of the Company, consent of the members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the "Board", which term shall include any Committee which the Board may have constituted or hereinafter constitute or any officer(s) authorised by the Board to exercise the

powers conferred on the Board by this Resolution) to give loans, inter corporate deposits from time to time on such terms and conditions as it may deem expedient to any person or other bodies corporate; give on behalf of any person, body corporate, any guarantee in connection with a loan made by any other person to, or to any other person by any other body corporate; and to acquire by way of subscription, purchase or otherwise the securities of any other body corporate, any sum or sums of moneys on such terms and conditions and with or without security as the Board may think fit, in excess of the limits prescribed under Section 186 of the Act up to an aggregate sum of ₹ 20,000 crores (Rupees Twenty Thousand crores only), notwithstanding that the aggregate of loans and investments so far made, the amounts for which guarantee is given along with the investments, loans, inter corporate deposits, guarantee proposed to be made or given by the Board may exceed sixty percent of its paid-up share capital, free reserves and securities premium account or one hundred percent of its free reserves and securities premium account, whichever is more, provided that the aforesaid limit shall not apply to the investment by way of subscription, purchase or otherwise in the securities of the Company's wholly owned subsidiary company/ies, whether formed or to be formed.

RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board of Directors of the Company be and is hereby authorised to negotiate and decide, from time to time, terms and conditions, to execute such documents, deeds, writings, papers and / or agreements as may be required and do all such acts, deeds, matters and things, as it may in its absolute discretion, deem fit, necessary or appropriate and settle any question, difficulty or doubt that may arise in this regard and further to authorise any of its Committee(s)/Director(s) or any Officer(s) of the Company to do all such acts, deeds or things as it may in its absolute discretion deem necessary proper and fit without requiring to secure any further approval of the members of the Company.

10. Raising Funds by way of Issuance of Non-Convertible Debentures (NCDs) in one or more tranches on Private Placement and/or through Public Issue:

To consider and, if thought fit, to pass the following resolution as a Special Resolution:

'RESOLVED THAT in supersession of the resolution passed by the members and pursuant to the provisions of Sections 42, 71 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Prospectus and Allotment of Securities) Rules, 2014 and the Companies (Share Capital and Debentures) Rules, 2014, SEBI (Issue and Listing of Non-Convertible

Securities) Regulations, 2021 ('Debt Regulations'), the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any statutory modification(s) or re-enactment(s) thereof, for time being in force), the Memorandum and Articles of Association of the Company, Listing agreement entered into by the Company with the Stock Exchanges and other applicable rules under Companies Act, 2013 and SEBI Regulations/ Guidelines, Reserve Bank of India Directions / Guidelines, and such other consents as may be required, the Company be and is hereby authorised to create, offer, issue and allot secured/ unsecured/ listed/ unlisted/ rated/ unrated loans, credit facilities, issuance of Commercial Papers, non-convertible debentures, market linked debentures/ Perpetual debentures/ fixed maturity debentures or other debt instrument, in one or more tranches or series, from time to time, on private placement and/or through public issue to the identified investors including but not limited to Financial Institutions including NBFCs, Insurance Companies, Mutual Funds, Scheduled Commercial Banks, Regional Rural Banks, Co-operative Bank, Companies, Bodies Corporate or any other person (not being an individual or a group of individuals) eligible to invest in the Debentures etc., on such terms and conditions including the price, coupon, premium/discount, tenor etc., as may be determined by the Board / Committee, based on the prevailing market condition and such amount being within the borrowing limits of ₹ 1,500 crores (Rupees One Thousand Five Hundred crores only) as approved by the shareholders under Section 180(1)(c) and Section 180(1)(a) of the Companies Act, 2013 from time to time, in one or more tranches, by making offer(s), or invitation(s), to subscribe to the Debenture(s), to be listed on the Wholesale Debt Market Segment of National Stock Exchange of India Limited and / or BSE Limited, or unlisted, on a private placement basis and/or through public issue, on such terms and conditions as the Board may from time to time determine and consider proper.

RESOLVED FURTHER THAT approval of the Members be and is hereby accorded to the Board of Directors of the Company (the Board', which term shall include its duly empowered Committee(s) constituted by it i.e., Loan

Investment and Borrowings Committee) to exercise all its powers deemed necessary or desirable in connection with the issue and/ or allotment including the powers conferred by this resolution.

RESOLVED FURTHER THAT the Loan Investment and Borrowings Committee be and is hereby authorised to take such steps and to do all such acts, deeds, matters and things and execute or ratify all such resolutions or documents whatsoever and accept any alterations or modification(s) to the terms of issue as they may deem fit and proper without requiring any further approval of the Board of Directors and give such directions as may be necessary to settle any question or difficulty that may arise, in regard to issue and allotment of the Debentures on private placement and/or through public issue, (and otherwise pertaining to or in relation to the Issue) to the identified persons and/or Debentures on Public Issue as placed before the Loan Investment and Borrowings Committee and initialled by the Company Secretary for the purpose of identification and to delegate all or any of its powers herein conferred to any of the Directors/ Committee of Directors and/or Officers of the Company, to give effect to this resolution. The Loan Investment and Borrowings Committee is authorised to do all such acts, deeds and things in regard to issue and allotment of Debentures on private placement and/or through public issue.

By Order of the Board of Directors

For Angel One Limited

Naheed Patel

Company Secretary and Compliance Officer

Membership Number: A22506

Date: 16 April, 2026

Place: Mumbai

ENGLISH

EXPLANATORY STATEMENT IN RESPECT OF SPECIAL BUSINESS PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013 ("THE ACT") SETTING OUT ALL MATERIAL FACTS:

ITEM NO. 5:

Ms. Mala Todarwal (DIN: 06933515) is currently a Non-Executive Independent Director of the Company and Chairperson of the Audit Committee and Stakeholders Relationship Committee and member of the Nomination and Remuneration Committee.

Ms. Mala Todarwal was appointed as a Non-Executive Independent Director of the Company by the Members through Postal Ballot for a period of five (5) consecutive years commencing from 20 October, 2021 upto 19 October, 2026 (both days inclusive) and is eligible for re-appointment for a second term on the Board of the Company.

The Nomination and Remuneration Committee ("NRC"), taking into consideration the skills, expertise, and competence required on the Board in the context of the Company's business and sector, and based on the performance evaluation, has recommended to the Board that Ms. Mala Todarwal possesses the qualifications and rich experience in the areas of corporate governance, management, business transformation, and corporate advisory that meet the skills, capabilities, and knowledge required for the role of Independent Director of the Company. The Committee believes that her association would be immensely beneficial to the Company.

Based on the recommendation of the NRC, and in accordance with the provisions of Section 149(10) of the Act and Regulation 25(2A) of SEBI Listing Regulations, the Board of Directors at its Meeting held on 16 April, 2026, has proposed the re-appointment of Ms. Mala Todarwal as a Non-Executive Independent Director for a second term of five (5) consecutive years commencing from 20 October, 2026 to 19 October, 2031, (both days inclusive), not liable to retire by rotation, for the approval of Members by way of a Special Resolution.

The Company has in terms of Section 160(1) of the Act received a Notice from a Member proposing his candidature for the office of Director. The Company has received a declaration from Ms. Mala Todarwal confirming that she continues to meet the criteria of independence as prescribed under Section 149(6) of the Act, read with the rules framed thereunder and Regulation 16(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 (SEBI Listing Regulations).

In terms of Regulation 25(8) of the SEBI Listing Regulations, Ms. Mala Todarwal has confirmed that she is not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact her ability to discharge her duties.

Ms. Mala Todarwal has also confirmed that she is not debarred from holding the office of Director by virtue of any SEBI Order or any such authority pursuant to Circulars dated June 20, 2018, BSE Limited Circular No. LIST/COMP/14/2018-19 and National Stock Exchange of India Limited Circular No. NSE/CML/2018/24 pertaining to enforcement of SEBI Orders regarding appointment of Directors by the listed companies.

Further, Ms. Mala Todarwal has confirmed that she is not disqualified from being appointed as Director in terms of Section 164 of the Act in Form DIR-8 and has given his consent to act as a Non-Executive Independent Director in Form DIR-2 in terms of Section 152 of the Act, read with rule 8 of the Companies (Appointment and Qualifications of Directors) Rules, 2014 (Rules) subject to re-appointment by the Members.

Ms. Mala Todarwal has also confirmed that she is in compliance with Rules 6(1) and 6(2) of the Companies (Appointment and Qualifications of Directors) Rules, 2014, with respect to his registration with the data bank of Independent Directors maintained by the Indian Institute of Corporate Affairs (IICA).

Ms. Mala Todarwal is exempt from the requirement to undertake online proficiency self-assessment conducted by IICA. In the opinion of the Board, Ms. Mala Todarwal is a person of integrity and fulfils the conditions specified in the Act, rules thereunder and the SEBI Listing Regulations for re-appointment as a Non-Executive Independent Director and is independent of the Management.

The copy of draft letter of appointment setting out the terms and conditions of her appointment is available electronically for inspection by the Members.

In compliance with the provisions of Section 149 read with Schedule IV to the Act, Regulation 17 of the SEBI Listing Regulations and other applicable provisions of the Act and SEBI Listing Regulations, the re-appointment of Ms. Mala Todarwal as a Non-Executive Independent Director is now placed for the approval of the Members by a Special Resolution.

The Board recommends the Special Resolution set out in Item No. 5 of the accompanying Notice for approval of the Members.

None of the Directors or Key Managerial Personnel of the Company or their respective relatives, except Ms. Mala Todarwal and her relatives, are concerned or interested, financially or otherwise, in the resolution set out at Item No. 5 of the accompanying Notice.

A brief profile of Ms. Mala Todarwal and other requisite details, pursuant to the provisions of Regulation 36(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standard on General Meetings (SS-2), issued by the Institute of Company Secretaries of India are annexed to this Notice as 'Annexure A'.

ITEM NO. 6:

Mr. Muralidharan Ramachandran (DIN: 08330682) is currently a Non-Executive Independent Director of the Company, and the Chairperson of the Risk Management Committee, Cyber Security and Information Technology Committee and ESO Committee and member of Audit Committee.

Mr. Muralidharan Ramachandran was appointed as a Non-Executive Independent Director of the Company by the Members through Postal Ballot for a period of five (5) consecutive years commencing from 06 August, 2021 upto 05 August, 2026 (both days inclusive) and is eligible for re-appointment for a second term on the Board of the Company.

The Nomination and Remuneration Committee ("NRC"), taking into consideration the skills, expertise, and competence required on the Board in the context of the business and sectors of the Company, and based on the performance evaluation, has recommended to the Board that Mr. Muralidharan Ramachandran possesses the qualifications and rich experience in the areas of corporate governance, management, business transformation, safety and sustainability, and corporate advisory, which meet the skills, capabilities, and knowledge required for the role of Independent Director of the Company. The Committee believes that his association would be of immense benefit to the Company.

Based on the recommendation of the NRC, and in accordance with the provisions of Section 149(10) of the Act and Regulation 25(2A) of SEBI Listing Regulations, the Board of Directors at its Meeting held on 16 April, 2026, has proposed the re-appointment of Mr. Muralidharan Ramachandran as a Non-Executive Independent Director of the Company for a second term of five (5) consecutive years commencing from August 06, 2026 to August 05, 2031, (both days inclusive), not liable to retire by rotation, for the approval of Members by way of a Special Resolution.

The Company has in terms of Section 160(1) of the Act received a Notice from a Member proposing his candidature for the office of Director. The Company has received a declaration from Mr. Muralidharan Ramachandran confirming that her continuest meet the criteria of independence as prescribed under Section 149(6) of the Act, read with the rules framed thereunder and Regulation 16(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 (SEBI Listing Regulations).

In terms of Regulation 25(8) of the SEBI Listing Regulations, Mr. Muralidharan Ramachandran has confirmed that he is not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact his ability to discharge his duties.

Mr. Muralidharan Ramachandran has also confirmed that he is not debarred from holding the office of Director by virtue of any SEBI Order or any such authority pursuant to Circulars dated June 20, 2018, BSE Limited Circular No. LIST/COMP/14/2018-19 and National Stock Exchange of India Limited Circular No. NSE/CML/2018/24 pertaining to enforcement of SEBI Orders regarding appointment of Directors by the listed companies.

Further, Mr. Muralidharan Ramachandran has confirmed that he is not disqualified from being appointed as Director in terms of Section 164 of the Act in Form DIR-8 and has given his consent to act as a Non-Executive Independent Director in Form DIR-2 in terms of Section 152 of the Act read with rule 8 of the Companies (Appointment and Qualifications of Directors) Rules, 2014 (Rules), subject to re-appointment by the Members.

Mr. Muralidharan Ramachandran has also confirmed that he is in compliance with Rules 6(1) and 6(2) of the Companies (Appointment and Qualifications of Directors) Rules, 2014, with respect to his registration with the data bank of Independent Directors maintained by the Indian Institute of Corporate Affairs (IICA).

Mr. Muralidharan Ramachandran is exempt from the requirement to undertake online proficiency self-assessment conducted by IICA. In the opinion of the Board, Mr. Muralidharan Ramachandran is a person of integrity and fulfils the conditions specified in the Act, rules thereunder and the SEBI Listing Regulations for re-appointment as a Non-Executive Independent Director and is independent of the Management.

The copy of draft letter of appointment setting out the terms and conditions of his appointment is available electronically for inspection by the Members.

In compliance with the provisions of Section 149 read with Schedule IV to the Act, Regulation 17 of the SEBI Listing Regulations and other applicable provisions of the Act and SEBI Listing Regulations, the re-appointment of Mr. Muralidharan Ramachandran as a Non-Executive Independent Director is now placed for the approval of the Members by a Special Resolution.

The Board recommends the Special Resolution set out in Item No. 6 of the accompanying Notice for approval of the Members.

None of the Directors or Key Managerial Personnel of the Company or their respective relatives, except Mr. Muralidharan Ramachandran and her relatives, are concerned or interested, financially or otherwise, in the resolution set out at Item No. 6 of the accompanying Notice.

A brief profile of Mr. Muralidharan Ramachandran and other requisite details, pursuant to the provisions of Regulation 36(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standard on General Meetings (SS-2), issued by the Institute of Company Secretaries of India are annexed to this Notice as 'Annexure A'.

ITEM NO. 7:

Angel One Limited ("the Company") avails credit facilities (fund based and non-fund based) from various banks/financial institutions/ body corporate(s) to meet its working capital requirements.

The table below illustrates growth in the business of the Company across client Base, ADTO, orders and Period ending client funding over FY2021-26

Business Metrics	FY2026	FY2021	Growth
Client Base (mn)	27.4	4.1	9.1x
ADTO(11m)	1.6	0.2	8.2x
Orders((Bn)	1.5	0.3	4.4x
Period ending client funding(11Bn)	54.5	11.7	4.7x

With this robust growth across parameters, the requirement for borrowings (funded and non-funded) has also increased

ANGEL ONE LIMITED

ANNUAL REPORT 2025-26

significantly. Despite tough market conditions, following the fluid global macroeconomics and full implementation of equity derivative regulations in CY2025, the company experienced strong improvement in its business drivers, facilitated by growing client base, rising ADTO, scaling up in our average daily orders – closer to our historical averages and a very solid growth in our average client funding book. The business has witnessed sustained improvement quarter over quarter in its operating and financial metrics. On the operating metrics front, the platform witnessed 8.0%, 22.0% and 9.7% quarterly compounded growth rate in average daily orders. ADTO and average client funding book to 7.2 mn, $ \text{€} 1.9 \text{ trn} $ and $ \text{€} 58.5 \text{ bn} $ respectively in 04 FY26 over 04 FY25. Similarly, on the financial metrics front, the business reported 8.5%, 15.7% and 16.4% quarterly compounded growth rate in revenues, EBDAT and Profit after Tax over the same period.

Business volumes are also aided by a growing client base, which engages with the platform for various products including equities, derivatives, commodities, mutual funds, credit, fixed income, wealth, etc. This strategy of horizontal and vertical expansion is creating a strong network effect that will lead to positive outcomes on volumes.

The Company currently enjoys a long-term credit rating of ICRA AA- with a Stable outlook and a top notch short-term rating of ICRA A1+ and CARE A1+, basis its consistently strong business performance.

The Company avails fund-based facilities in the form of overdraft, cash credit, demand loan, term loans, issuance of debt securities like Non-Convertible Debentures, Commercial Papers, etc. from various banks, financial institutions, body corporate(s) owing to its working capital requirements stemming from onward lending to its clients in the form of trade receivables (T+6); and margin trading facility ("MTF") (under the extant regulatory framework which permits a broker to borrow upto 5x its liquid networth) and placement of margins at Exchanges. Margin obligations on behalf of clients arises due to various scenarios like funding of disproportionate non-cash collaterals offered as margins by clients, laboring in providing benefit of margins during segment switch, margin benefit against early pay-in of securities, haircut on clients' margins on account of risk reduction mode by Clearing Corporations, timing difference on account of pay-in / pay-out, etc. Of these stated drivers for its working capital requirements, it may be noted, that since the trade receivables (T+6) and MTF is in the nature of lending business, the traditional debt-equity ratio is not applicable to the Company. With outstanding borrowings of approximately $ \text{€} 106.8 \text{ bn} $ (including Fund Based and Non-Fund Based borrowings) as of 31 March, 2026, the Company has utilised 89.0% of the approved borrowing limit of $ \text{€} 120.0 \text{ bn} $ - thereby leaving limited headroom to accommodate higher volumes. Working capital requirement further increases during special events like presentation of the finance bill by the Hon. Finance Minister, election results, settlement / clearing

holdays – where exchanges are operational and banks are closed, etc. As the macroeconomic environment normalises and industry volumes improve with higher client participation, our business, that is built on a growing client base, will also witness rapid growth in trading activity, including availing margin trading funding.

Liquid Networth as on 31 March, 2026 stands at $ \text{€} 46.7 \text{ bn} $

		Angel One Overall ADTO (₹ 1/ln)	Angel One Avg Client Funding Book (₹ Bn)
COVID Lockdown	Mar-20	0.1	5.1
	Mar-21	0.2	12.6
	Growth	76%	147%
Russia-Ukraine conflict	Feb-22	0.3	16.4
	Feb-23	0.4	13.0
	Growth	25%	-21%
Gaza incursion	Oct-23	0.6	18.8
	Oct-24	0.8	41.2
	Growth	43%	119%
Derivative Regulations	Nov-24	0.9	39.7
	Nov-25	1.9	59.5
	Growth	98%	50%
Global Tariffs	Apr-25	1.1	39.1
	Mar-26	2.1	55.1
	Growth	98%	41%
US-Israel-Iran conflict	Feb-26	1.8	59.3
	Mar-26	2.1	55.1
	Growth	19%	-7%

With the business gaining traction, volumes improving and MTF book also expected to grow, the Company will need higher borrowings to support its future growth.

Accordingly, the Company seeks to enhance its ability to avail more funded facilities from banks, financial institutions, other sources etc. These borrowings are back-to-back arrangements towards the aforesaid client funding, with a healthy net interest margin ("NIM") contribution to the business. As on 31 March, 2026, the Company has a very healthy interest coverage ratio of approximately 3.96x. Since, the borrowings are a back-to-back arrangements and the client funding is extremely granular with liquid underlying collateral, adequate margins and managed by a very robust risk management system, the Company expects the ratios to remain in line with its past performance, even with these potentially higher borrowings. Over the last many years and across various cycles, there have been negligible delinquencies in the client funding book.

In addition to the above, the company requires working capital in the form of non-fund based facilities to meet the margin obligations. Due to robust growth outlook, the working capital requirements are also expected to increase. The non-fund based facilities in the form of Bank Guarantees (BOs) are used by the company to meet the margin obligations at clearing corporations to facilitate its growing client base to seamlessly execute their orders.

Placement of BOs towards margin obligations is one of the most optimal instruments available for margin obligations, which have become more granular due to the recent regulatory changes, especially pertaining to margin segregation and reporting at client level. BOs are low-cost financial instruments with 50% exposure of the lender.

Section 180 (1) (c) of the Companies Act, 2013 permits the Company to borrow money along with the money already borrowed by the Company, except the temporary loans obtained from the Companies banker in ordinary course of business, beyond the paid-up capital and free reserve of the Company, only if the same is approved by the Members of the Company. Hence it is proposed to increase the maximum borrowing limits upto $ \text{€} 20,000 \text{ crores} $ (Rupees Twenty Thousand Crores).

In view of the above, the Board of Directors recommends the resolution to be passed as a Special Resolution.

None of the Promoters, Directors and Key Managerial Personnel of the Company or their respective relatives is concerned or interested in the passing of the Resolution except to the extent of their shareholding, if any in the Company.

ITEM NO 8:

Considering the need of the Company for additional funds for its existing and future financial requirements to support its business operations. As proposed the Company is desirous of raising finance from various Banks and/or Financial institutions and/or any other lending institutions and/or Bodies Corporate and/or such other persons/ individuals as may be considered fit, which taken, together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in ordinary course of business) may exceed the aggregate of the paid-up capital and the free reserves of the Company. Section 180(c) of the Companies Act, 2013 permits the Company to borrow money along with the money already borrowed by the Company, except the temporary loans obtained from the Companies banker in ordinary course of business, beyond the paid-up capital and free reserve of the Company, only if the same is approved by the Members of the Company.

In view of the above and to facilitate securing of the borrowings made by the Company, it would be necessary to create charge on the assets or whole or part of the undertaking of the Company. Section 180(1)(a) of the Companies Act, 2013 provides for the power to sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking of the Company subject to the approval of members in the General Meeting. Hence, it is proposed to increase the limits upto

$ \text{€} 20,000 \text{ crores} $ (Rupees Twenty Thousand Crores) from the earlier sanctioned limits.

The Board of Directors recommends the resolution to be passed by Special Resolution.

None of the Directors and Key Managerial Personnel of the Company or their respective relatives is concerned or interested in the passing of the Resolution except to the extent of their shareholding, if any in the Company.

ITEM NO 9:

As per Section 186(2) of the Companies Act, 2013 (the Act), the Company can give loans, advances, guarantees or provide any security in connection with the loan:

up to 60% of its paid-up share capital, free reserves and security premium account; or
100% of its free reserves and securities premium account, whichever is more.

As per Section 186 (3) of the Act, the Company can give loans and make investments exceeding the aforesaid limits, after taking prior approval of members by means of a Special Resolution passed at a General Meeting of the Company. Further, Section 186 (5) requires consent of all the directors present in the meeting to approve any investments, loans or guarantees or securities given by the Company. Accordingly, the Board, had at its meeting held on 16 April, 2026, unanimously approved and recommended to the Members, the proposal for giving loans, guarantees and making investments upto $ \text{€} 20,000 \text{ crores} $ (Rupees Twenty Thousand Crores), keeping in mind the foreseeable growth in business activities based on the assessment made at that point in time.

In order to enable the Company to achieve long-term strategic and business objectives / potential, it is proposed to give powers to the Board of Directors or duly constituted committee thereof, for granting loans/making investment/providing guarantee or security, upto a limit of $ \text{€} 20,000 \text{ crores} $ (Rupees Twenty Thousand Crores) under the provisions of Section 186 of the Companies Act, 2013, over and above the amount of loans to any person or body corporate; any guarantee given / to be given, or security provided / to be provided, in connection with a loan given / to be given to any other body corporate or person, provided that the aforesaid limit shall not apply to the investment by way of subscription, purchase or otherwise in for the securities of the Company's wholly owned subsidiary company/ies, whether formed or to be formed.

As stated earlier, the Company provides MTF to its retail clients so that they can take leverage position in cash delivery segment after fulfilling margin requirements prescribed by SEBI. The brokers are allowed to provide MTF to its clients under comprehensive framework issued by SEBI vide circular no. CIR/MRD/DP/54/2017 dated 13 June, 2017. As per the aforesaid framework, based on the latest liquid net-worth, the Company is allowed to grow the MTF book upto $ \text{€} 268.2 \text{ bn} $.

In line with the historical trend, the Company expects the loans largely towards trade receivables (T+6) and MTF to its

ANGEL ONE LIMITED

ANNUAL REPORT 2025-26

clients. This client funding book is securitised with highly liquid securities where the Company earns healthy NIMs.

Equid networth- Share Capital + Free Reserves - (Non-allowable assets).

It may be noted that as per the provisions of Section 186 of the Companies Act, 2013, the Board of Directors of a Company can, subject to other conditions, make any investment, give loan, give any guarantee and provide any security beyond the prescribed ceiling of sixty percent of the aggregate of the paid-up capital and free reserves and securities premium account or one hundred percent of its free reserves and securities premium account, whichever is more, if special resolution is passed by the members of the Company in that regard. Hence, it is proposed to increase the limit under Section 186 of the Companies Act, 2013, in view of a robust and growing business opportunity, within the MTF limit prescribed by the regulator, i.e. of 5.5x liquid networth.

The proposed Special Resolution as set out in Notice is enabling in nature for any further loan/investment/guarantee/security, to be made or given to subsidiaries/bodies corporate/ to any banks, financial institutions or any other person as per the provisions of the Companies Act, 2013.

The Board of Directors recommends the resolution to be passed by Special Resolution.

The Board recommends passing of the Special resolution set out at Item No. 9 of the accompanying Notice for approval by the Members of the Company.

ITEM NO 10:

In terms of Section 42 of the Companies Act, 2013, which deals with the offer or invitation for subscription of Debt Securities of the Company on private placement basis and / or through public issue read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014, a Company can make private placement and / or through public issue of its Securities subject to an approval of its Members by way of a Special Resolution. The provisions of Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 provides that the said Special Resolution must be passed in respect of all offers/Invitations for the Debt Securities to be issued during a year.

The Company, in the ordinary course of its business, is required to borrow from time to time, by way of loans, external commercial borrowings, issue of non-convertible debentures (secured or unsecured) and/or other instruments. The inter-

mix of borrowings by the Company depends upon the market conditions, cost of funds, tenor, etc.

The members of the Company, vide special Resolution passed on 10 had authorised the Company to make an offer or invitation to subscribe to NCDs through private placement and / or through Public Issue within the overall borrowing limit. Further, the amount to be raised by such issue of NCDs will be within the overall borrowing limit of ₹ 20,000 crores (Rupees Twenty Thousand crores only) approved by the members of the Company under Section 180(1)(c) of the Act. The actual borrowing through issue of NCDs will be determined by the Board within the said overall borrowing limit approved by the members, considering various factors including market conditions, business requirements, etc.

The approval of the shareholders is being sought for the issuance of Debt Securities as mentioned below:

Further, as per Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014, it is mandatory that certain disclosures be made in the explanatory statement annexed to the notice for members approval under Section 42 of the Companies Act, 2013. The disclosures required pursuant to Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 are set out herein below:

a) Particulars of the offer including date of passing of board resolution:

This Special Resolution is being passed in terms of Rule 14(1) of Companies (Prospectus and Allotment of Securities) Rules, 2014 for the issuance of Debt Securities, from time to time. The Board of Directors at their meeting held on April 16, 2026 have approved issuance of various types of Debt securities in one or more tranches;

b) Kinds of securities offered and the price at which security is being offered:

The non-convertible debt instruments/NCDs will be offered/issued either at par or at premium or at a discount to face value, which will be decided by the Board / Committee for each specific issue, on the basis of the interest rate/effective yield determined, based on market conditions prevailing at the time of the respective issue.

c) Basis or justification for the price (including premium, if any) at which the offer or invitation is being made:

The Debt securities will be offered par or at premium or at a discount to face value in accordance with terms to be decided by the Board / Committee. In case of reissuance of Debt securities under existing ISINs, the same may be issued at a premium / discount, if any, depending on the rate of interest of the said Debt securities and the yield offered;

d) Name and address of valuer who performed valuation:

Not applicable as the securities proposed to be issued (in a single issue or multiple issues/tranches) are non-convertible debt instruments/NCDs.

e) Amount which the Company intends to raise by way of such securities:

The specific terms of each offer/issue of NCDs shall be decided from time to time, provided that the amounts of all such NCDs at any time issued shall not exceed in the aggregate amount as ₹ 1,500 crores (Rupees One Five Thousand crores only) to the identified investors.

f) Material terms of raising such securities, proposed time schedule, purposes or objects of offer, contribution being made by the promoters or directors either as part of the offer or separately in furtherance of objects; principle terms of assets charged as securities:

This Special Resolution is being passed in terms of Rule 14(1) of Companies (Prospectus and Allotment of Securities) Rules, 2014 for the issuance of Debt Securities, from time to time. The terms and conditions of the issue of Debentures including objects of the issue, coupon rate/ interest rate, tenure, repayment, security, listing, payment of interest accrued on issue/reissue of Debentures, etc. will be decided by the Board of Directors from time to time as stated in the respective Key Information Document. The current and future receivables and current assets of the Company are provided as hypothecation to the secured Debt securities holders.

In view of the aforesaid, the Board of Directors at their meeting held on 16 April, 2026, have approved issuance of Debt securities in one or more tranches, on private placement and / or through Public Issue and within the overall borrowing limit of ₹ 1,500 crores (Rupees One Five Thousand crores only) under Section 180(1) (c) of the Companies Act, 2013 and within limits specified in table above.

Accordingly, the approval of the Members is being sought by way of Special Resolution as set out at Item No. 10 of this Notice authorising the Board to issue non-convertible debentures on private placement and / or through public issue.

The Board, accordingly, recommends the passing of the Special Resolution as set out at Item No. 10 of this Notice, for the approval of the Members.

None of the Directors, Key Managerial Personnel or their relatives are in any way concerned or interested, financially or otherwise the said resolution, except to the extent of Debt Securities that may be subscribed by companies/firms in which they are interested.

By Order of the Board of Directors

For Angel One Limited

Naheed Patel

Company Secretary and Compliance Officer

Membership Number: A22506

Date: 16 April, 2026

Place: Mumbai

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ANNUAL REPORT 2025-26

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99

BRIEF RESUME OF DIRECTORS BEING APPOINTMENT/ RE-APPOINTED (IN PURSUANCE OF REGULATION 36(3)(A) OF THE LISTING REGULATIONS) AND INFORMATION PURSUANT TO 1.2.5 OF THE SECRETARIAL STANDARD ON GENERAL MEETINGS (SS-2) REGARDING DIRECTOR SEEKING APPOINTMENT / RE-APPOINTMENT

Name of the Director	Mr. Krishna Iyer	Ms. Mala Todarwal	Mr. Muralidharan Ramachandran
Director Identification Number	01954913	06933515	08330682
Category	Non-Executive Non Independent Director	Non-Executive and Independent Director	Non-Executive and Independent Director
Date of Birth	14 October, 1976	03 May, 1985	21 September, 1967
Age	50 years	41 years	59 years
Nationality	Indian	Indian	Indian
Date of First Appointment on the Board	15 July, 2021	20 October, 2021	06 August, 2021
Relationship with Directors	Not Applicable	Not Applicable	Not Applicable
Qualification	Chartered Accountant
Certified Software Quality Analyst	Chartered Accountant	B.E. (Electronics), Member of ISACA
Experience/ Expertise in specific functional area	Mr. Krishna Iyer is a fusioner of technology humanities and business. He has held executive positions including that of a CEO at software companies and is currently an angel investor, non-executive director and leadership coach to several organisations. He is educated as a chartered accountant and holds international certifications in technology and communication. Krishna's IT career of 25 plus years with organisations such as Scala and Kanbay (now Cap Gemin) provided him living and working experience in Europe, Asia, North and South America. A significant part of his IT career was spent as a co-founder and CEO at Zentest Software Pvt Ltd (GoLiveFactor.com), a predictive analytics and DA Firm that primarily works with U.S. banks. Krishna has been at the helm of several leadership and culture transformation initiatives of top companies in India.	Ms. Mala Todarwal is an independent Director of the Company. She has over 17 years of experience in corporate governance controls. She is a practising Chartered Accountant, a fellow member of the ICAI, and currently holds the position as a partner at M/s. Arun Todarwal Associates LLP.
Expertise in Statutory audits, management assurance, management and systems audit, due diligence, taxation, international taxation etc.	Mr. Muralidharan Ramachandran is an Independent Director of the Company. He has over 37 years of experience in the technology sector. He holds a Bachelor of Engineering degree from Ramrao Adik Institute of Technology's College of Engineering, University of Bombay and a Masters Degree in Financial Management from the Jamnalal Bajaj Institute of Management Studies, University of Mumbai.
Prior to joining our Company, he was associated with Atos Group Syntel Private Limited as Vice President and played multiple roles as Head of Digital Practices for Growing Markets, Head of Infrastructure and Cybersecurity Practice, Global Head of Quality Assurance and Chief Information Officer apart from being with Atos India Private Ltd as Managing Director & CEO], Aditya Birla Management Corporation Ltd as CISO & Vice President (Corporate Information Technology) Epicenter Technologies Pvt. Ltd as a Chief Technology Officer, Vertibra Communications Ltd as a General Manager (networks), Satyam Computer Services Ltd as a Senior manager, Tata Consultancy Services as Senior Hardware Engineer, Korark Computers Pvt. Ltd as an R&D engineer.
Over the last 3 years, he is an entrepreneur and provides Information Technology, Digital Transformation and Cybersecurity Advisory and Consulting services to MSME's and Large Corporates.
He is also an Advisory Board member with some Deep tech Startups and works as an mentor with Deep tech technology incubators.

Details of Board Meetings attended by the Director during the year
6
6

Name of the Director	Mr. Krishna Iyer	Ms. Mala Todarwal	Mr. Muralidharan Ramachandran
Terms and Conditions of Appointment along with remuneration	Non-Executive Non Independent Director liable to retire by rotation and eligible for re-appointment	As mentioned in the explanatory statement item no. 5	As mentioned in the explanatory statement item no. 6
Remuneration last drawn	₹ 2.66 million (includes sitting fees and Commission)	₹ 2.85 million (includes sitting fees and Commission)	₹ 3.31 million (includes sitting fees and Commission)
List of Directorships held in other Companies	1. Zentest Software Private Limited
2. Angel One Foundation
3. Being Transformed Private Limited
4. Wow Publishings Private Limited	1. Adani Welspun Exploration Limited
2. Welspun Michigan Engineers Limited
3. Allana Consumer Products Limited
4. AYM Syntax Limited
5. Welspun EDAC JV Private Limited
6. IVP Limited
7. Mounting Renewable Power Limited
8. Curefoods India Ltd
9. Airplaza Retail Holdings Private Limited	1. Bandhan Life Insurance Limited
Membership/ Chairmanship of Committees across other Companies	Nil	1. IVP Limited - Member of Audit Committee
2. AYM Syntax Limited - Member of Audit Committee
3. Welspun Michigan Engineers Limited - Chairperson of Audit Committee
4. Allana Consumer Products Limited - Chairperson of Audit Committee
5. Curefoods India Limited - Chairperson of Audit Committee
6. Adani Welspun Exploration Limited - Member of Audit Committee
7. Welspun EDAC JV Private Limited - Member of Audit Committee	Nil
Number of shares held in the Company	Nil	1290 shares	Nil
List of Companies from which resigned in the past three years	1. Tejgyan Global Foundation	1. Welspun Investments and Commercials Limited
2. Welspun Sattanathapuram Nagapattinam Road Private Limited
3. Welspun Steel Limited
4. Alna Trading and Exports Limited	Not Applicable
Relationships between Directors inter-ee	Not Applicable	Not Applicable	Not Applicable
Skills and capabilities required for the role and the manner in which the proposed person meets such requirements	Not Applicable	Ms. Mala Todarwal demonstrates deep financial acumen and board level experience across industries like Steel, Power, Telecom, Fintech, Infrastructure, Cloud Kitchens and Hospitality sector. Known for governance clarity, credibility, and insight on audit risk and compliance. Audit oversight specialist who chairs audit committees and ensures robust financial compliance and risk control across sectors. Brings the strategic value of multi-sectoral leadership and corporate oversight to fast-moving companies. Mala Todarwal is a seasoned corporate leader as well as a seasoned board director, shaping Indian corporate governance scene: a CA by training, a governance expert by reputation, and a boardroom strategist shaping accountability and growth across India's biggest businesses—from Welspun to Adani to Curefoods. With her steady leadership, she's the kind of board member every growing company wants on its team.	Mr. Muralidharan Ramachandran brings over 37 years of diverse leadership experience across technology, cybersecurity, digital transformation, governance and business strategy. With prior roles as CEO, CIO, CTO and CISO, along with current Independent Director positions at Angel One Ltd, and Bandhan Life Insurance, he possesses strong expertise in board governance, risk management, technology oversight, ESG, audit and regulatory compliance. His experience in leading strategic transformation initiatives, building governance frameworks and driving ethical business practices equips him to effectively contribute as an Independent Director. He also brings strong business acumen, strategic vision, leadership mentoring and deep understanding of emerging technologies and cybersecurity risks.

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NOTES

The Ministry of Corporate Affairs ('MCA') has vide its General Circular No. 14/2020 dated 08 April, 2020, Circular No. 17/2020 dated 13 April, 2020 issued by the Ministry of Corporate Affairs followed by Circular No. 20/2020 dated 05 May, 2020, Circular No. 02/2021 dated 13 January, 2021 and Circular No. 10/2022 dated 28 December, 2022, Circular No. 09/2023 dated 25 September, 2023, Circular No. 09/2024 dated September 19, 2024, circular no. 03/2025 dated 22 September, 2025, - extension for holding AGM through VC Circular No. SEBI/HO/CFD/CFDPoD-2/PrCIR/2023/187 dated 7 October, 2023, SEBI/HO/CFD/CFD-PoD-2/PrCIR/2024/133 dated 3 October, 2024 - Limited relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (MCA circulars) all other relevant circulars issued from time to time, the physical attendance of the Members to the AGM venue is not required and the AGM can be held through video conferencing (VC) or other audio visual means (OAVM). Hence, the AGM of the Company is being held through VC/OAVM. Further, the Attendance Slip does not form part of the Notice and the route map is also not annexed to the Notice.
The deemed venue for the AGM shall be the Registered Office of the Company.
Pursuant to the Circular No. 14/2020 dated 08 April, 2020, issued by the Ministry of Corporate Affairs, the facility to appoint proxy to attend and cast vote for the members is not available for this AGM. In pursuance of Section 113 of the Act and Rules framed thereunder, the Institutional/Body Corporates members are entitled to appoint authorised representatives to attend the AGM through VC/OAVM and participate there at and cast their votes through e-voting. In this regard, the Institutional/Body Corporates members are requested to send a certified true copy of the Board resolution (PDF/JPG format) together with attested specimen signature of authorised representative to the Scrutiniser through email at [email protected].
We urge Members to support our commitment to environmental protection by choosing to receive the Company's communication through e-mail. Members holding shares in dematerialised form, who have not registered their e-mail addresses are requested to register their e-mail addresses with their respective Depository Participants and Members holding shares in physical mode who have not yet registered/updated their e-mail address are requested to register the same with Company's Registrar MUFG Intime India Private Limited (Formerly known as a Unintime India Private Limited).
In case of joint holders, the Member whose name appears as the first holder in the order of names as per the Register of Members of the Company will be entitled to vote electronically at the AGM.
The Members can join the AGM in the VC/OAVM mode 15 minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the AGM through VC/OAVM will be made available for 1000 members on first come first served basis. However, this will not include large Shareholders (Shareholders holding 2% or more shareholding). Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend the AGM without restriction on account of first come first served basis.
The attendance of the Members attending the AGM through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.
Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (as amended), and the Circulars issued by the Ministry of Corporate Affairs dated 08 April, 2020, 13 April, 2020 and 05 May, 2020 the Company is providing facility of remote e-Voting to its Members in respect of the business to be transacted at the AGM. For this purpose, the Company has entered into an agreement with National Securities Depository Limited (NSDL) for facilitating voting through electronic means, as the authorised agency. The facility of casting votes by a member using remote e-Voting system as well as e-Voting on the date of the AGM will be provided by NSDL.
In line with the Ministry of Corporate Affairs (MCA) Circular No. 17/2020 dated 13 April, 2020, the Notice calling the AGM has been uploaded on the website of the Company at www.angelone.in. The Notice can also be accessed from the websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com respectively and the AGM Notice is also available on the website of NSDL (agency for providing the Remote e-Voting facility) i.e. www.evoting.nsdl.com.
AGM has been convened through VC/OAVM in compliance with applicable provisions of the Companies Act, 2013 and as per applicable MCA circulars.
A person who is not a member as on the cut-off date should treat this notice for information purpose only.
As the AGM is being conducted through VC/OAVM, for the smooth conduct of proceedings of the AGM, Members who would like to express their views during the AGM may register themselves as a speaker by sending their request from their registered e-mail address/ send their queries in advance, mentioning their name, demat account number / folio number, email id, mobile number at [email protected]. Questions / queries/ registration requests received by the Company from Wednesday, 03 June, 2026 to Thursday, 04 June, 2026, shall only be considered and responded during the AGM and those Members who have registered themselves as a speaker will only be allowed to express their views / ask questions during the AGM. The Company reserves the right to restrict the number of speakers depending on the availability of time for the AGM.
An Explanatory Statement pursuant to Section 102 of the Act and Rules framed thereunder, in respect of the Special Business under Item No. 5, 6, 7, 8, 9 and 10 forms part of this notice.
The Board of your Company has fixed Friday, 05 June, 2026 as the 'Record Date' for the purpose of determining entitlement of the Members for voting.
Pursuant to the applicable provisions of the Act read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, all unpaid or unclaimed dividends are required to be transferred by the Company to the IEPF established by the Central Government, after the completion of seven years. Further, according to the Rules, the shares in respect of which dividend has not been paid or claimed by the shareholders for seven consecutive years or more shall also be transferred to the demat account created by the IEPF Authority. Since seven years have not been elapsed from the date of transfer of amount to Unpaid Dividend Account, no dividend is due for transfer to IEPF.
Members who have not encashed/received the dividend warrants so far in respect of the below mentioned period, are requested to make their claim to the Company's RTA well in advance before due dates. Members are requested to note that dividends not claimed within seven years from the date of transfer to the Company's Unpaid Dividend Account, will be transferred to the Investor Education and Protection Funds (IEPF). Pursuant to the provisions of Section 124(2) of the Act read with the Companies (Declaration and Payment of Dividend) Rules, 2014, the Company has uploaded the details of unpaid and unclaimed amounts lying with the Company on its website: www.angelone.in due date of transferring unclaimed and unpaid dividends declared by the Company to IEPF. Is as follows:

Financial Year	Type of Dividend	Date of Declaration	Due Date of Transfer
FY 21	02nd Interim Dividend	26 October, 2020	30 November, 2027
FY 21	03rd Interim Dividend	22 April, 2021	26 May, 2028
FY 22	01st Interim Dividend	15 July, 2021	19 August, 2028
FY 22	02nd Interim Dividend	20 October, 2021	24 November, 2028
FY 22	03rd Interim Dividend	17 January, 2022	21 February, 2029
FY 22	04th Interim Dividend	01 April, 2022	05 May, 2029
FY 22	Final Dividend	31 May, 2022	4 June, 2029
FY 23	01st Interim Dividend	14 July, 2022	18 August, 2029
FY 23	02nd Interim Dividend	13 October, 2022	17 November, 2029
FY 23	03rd Interim Dividend	16 January, 2023	20 February, 2030
FY 23	04th Interim Dividend	22 March, 2023	26 April, 2030
FY 23	Final Dividend	23 June, 2023	27 June, 2030
FY 24	01st Interim Dividend	13 July, 2023	17 August, 2030
FY 24	02nd Interim Dividend	12 October, 2023	16 November, 2030
FY 24	03rd Interim Dividend	15 January, 2024	19 February, 2031
FY 25	01st Interim Dividend	13 January, 2025	17 February, 2032
FY 25	02nd Interim Dividend	13 March, 2025	17 April, 2032
FY 25	Final Dividend	09 Jun 2025	11 June, 2032
FY 26	01st Interim Dividend	15 January, 2026	19 February, 2033
FY 26	02nd Interim Dividend	27 March, 2026	1 April, 2033

Members who would have cast their votes by remote e-Voting may attend the Meeting, but shall neither be allowed to change it subsequently nor cast votes again during the Meeting.
Subject to receipt of requisite number of votes, the Resolutions shall be deemed to be passed on the date of this Meeting i.e., Friday, 12 June, 2026
Necessary information of the Director seeking appointment at the AGM as required under Regulation 38(3) of the Listing Regulations and the Secretarial Standard on General Meetings (SO-2) issued by the Institute of Company Secretaries of India (ICS) forms part of this notice.
Documents referred to in the accompanying Notice and Explanatory Statement(s) shall be made available for inspection, in accordance with applicable statutory requirements, in physical or electronic form at the Registered Office of the Company on all working days (except Saturdays, Sundays and public holidays) during business hours, upon receipt of a request from members at [email protected].

ANGEL ONE LIMITED
ANNUAL REPORT 2025-28

Members are requested to intimate changes, if any, pertaining to their name, postal address, e-mail address, telephone/mobile numbers, Permanent Account Number (PAN), mandates, nominations, bank details such as, name of the bank and branch details, bank account number, MICR code, IFSC code, etc...

a) For shares held in electronic form: to their Depository Participants (DPs)
b) For shares held in physical form: to our RTA i.e. MUFG Intime India Private Limited (Formerly known as Linkintime India Private Limited)

The Board of Directors of the Company has appointed Mr. Vaibhav Dandawate (ACS No: A51538 / COP No: 27947), in his failure, Ms. Deepti Kulkarni (ACS No: A34733 / COP No: 22502), from Mrs Makarand M. Joshi & Co., Practicing Company Secretaries, to act as Scrutiniser to scrutinise the process of remote e-voting and also e-voting during the meeting in a fair and transparent manner.
The Scrutiniser shall after, the conclusion of e-voting at the Annual General Meeting, first count the votes cast at the meeting and thereafter unblock the votes cast through remote e-voting in the presence of at least two witnesses, not in the employment of the Company. The scrutiniser shall submit the consolidated scrutiniser's report, not later than two working days of conclusion of the Meeting, to the Chairman or any other person authorised by the Board. The results declared along with the consolidated scrutiniser's report shall be placed on the website of the Company i.e. www.angelone.in and

also be displayed on the Notice board of the Company at its registered office and on the website of NSDL viz., www.evoting.nsdl.com immediately after the results are declared. The results shall simultaneously be communicated to the Stock Exchanges.

In compliance with the Circulars, Notice of the AGM along with the Annual Report for the financial year 2025-26 is being sent only through electronic mode to those members whose email addresses are registered with the Company/ Depository Participants ("DPs").

In case any Member is desirous of obtaining physical copy of the Annual Report for the financial year 2025-26, he/she/they may send a request to the Company by writing at [email protected] or to MUFG Intime India Private Limited (Formerly Known as Linkintime India Private Limited), Company's Registrar and Share Transfer Agent ('RTA') at [email protected] mentioning their DP ID and Client ID/folio no.

Members may note that the Notice and the Annual Report for the financial year 2025-26 will also be available on the Company's website at www.angelone.in website of the Stock Exchanges on which the equity shares of the Company are listed i.e., BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com and on the website of NSDL at www.evoting.nsdl.com.

The recorded transcript of the proceedings of the AGM shall be available on the Company's website at www.angelone.in.

THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING AND JOINING GENERAL MEETING ARE AS UNDER:

The remote e-voting period begins on Monday, 08 June, 2026 at 9:00 A.M. and ends on Thursday, 11 June, 2026 at 05:00 P.M. The remote e-voting module shall be disabled by NSDL for voting thereafter. Members whose names appear in the Register of Members / Beneficial Owners as on the record date (cut-off date) i.e. Friday, 05 June, 2026 may cast their vote electronically. The voting right of shareholders shall be in proportion to their share in the paid-up equity share capital of the Company as on the cut-off date, being Friday, 05 June, 2026.

How do I vote electronically using NSDL e-Voting system?

The way to vote electronically on NSDL e-Voting system consists of "Two Steps" which are mentioned below:

Step 1: Access to NSDL e-Voting system

A) Login method for e-Voting for Individual shareholders holding securities in demat mode

In terms of SEBI circular dated 09 December, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email id in their demat accounts in order to access e-Voting facility.

Type of shareholders	Login Method
Individual Shareholders holding securities in demat mode with NSDL.	1. For OTP based login you can click on https://eservices.nsdl.com/SecureWeb/eVoting/eVotinglogin.jsp. You will have to enter your 8-digit DP ID, 8-digit Client Id, PAN No., Verification code and generate OTP. Enter the OTP received on registered email id/mobile number and click on login. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period.
	2. Existing ID&AS user can visit the e-Services website of NSDL Viz. https://eservices.nsdl.com either on a Personal Computer or on a mobile. On the e-Services home page click on the "Beneficial Owner" icon under "Login" which is available under ID&AS section, this will prompt you to enter your existing User ID and Password. After successful authentication, you will be able to see e-Voting services under Value added services. Click on "Access to e-Voting" under e-Voting services and you will be able to see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period.
	3. If you are not registered for ID&AS e-Services, option to register is available at https://eservices.nsdl.com. Select "Register Online for ID&AS Portal" or click at https://eservices.nsdl.com/SecureWeb/ideasDirectReg.jsp
	4. Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.eVoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home page of e-Voting system is launched, click on the icon "Login" which is available under Shareholder/Member' section. A new screen will open. You will have to enter your User ID (i.e. your sixteen-digit demat account number hold with NSDL). Password/OTP and a Verification Code as shown on the screen. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period.
	5. Shareholders/Members can also download NSDL Mobile App "NSDL Speeds" facility by scanning the QR code mentioned below for seamless voting experience.

NSDL Mobile App is available on

Individual Shareholders holding securities in demat mode with CDSL

Users who have opted for CDSL Easi / Easiest facility, can login through their existing user id and password. Option will be made available to reach e-Voting page without any further authentication. The users to login Easi / Easiest are requested to visit CDSL website www.cdslindia.com and click on login icon and New System Pyeasi Tab and then user your existing my easi username and password.
After successful login the Easi / Easiest user will be able to see the e-Voting option for eligible companies where the existing is in progress as per the information provided by company. On clicking the existing option, the user will be able to see e-Voting page of the e-Voting service provider for casting your vote during the remote e-Voting period. Additionally, there is also links provided to access the system of all e-Voting Service Providers, so that the user can visit the e-Voting service providers' website directly.
If the user is not registered for Easi/Easiest, option to register is available at CDSL website www.cdslindia.com and click on login and New System Pyeasi Tab and then click on registration option.
Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN No. from a e-Voting link available on www.cdslindia.com home page. The system will authenticate the user by sending OTP on registered Mobile and Email as recorded in the Demat Account. After successful authentication, user will be able to see the e-Voting option where the existing is in progress and also able to directly access the system of all e-Voting Service Providers.

Individual Shareholders (holding securities in demat mode) login through their depository participants

You can also login using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-Voting facility, upon logging in, you will be able to see e-Voting option. Click on e-Voting option, you will be redirected to NSDL/CDSL Depository site after successful authentication, wherein you can see e-Voting feature. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period.

Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

Helpdesk details

Individual Shareholders holding securities in demat mode with NSDL

Members facing any technical issue in login can contact NSDL helpdesk by sending a request at [email protected] or call at 022 - 4886 7000

Individual Shareholders holding securities in demat mode with CDSL

Members facing any technical issue in login can contact CDSL helpdesk by sending a request at [email protected] or contact at toll free no. 1800-21-08911

102

B) Login Method for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

How to Log-in to NSDL e-Voting website?

Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile.
Once the home page of e-Voting system is launched, click on the icon "Login" which is available under 'Shareholder/Member' section.
A new screen will open. You will have to enter your User ID, your Password/OTP and a Verification Code as shown on the screen.

Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you log-in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. Cast your vote electronically.

Your User ID details are given below:

Manner of holding shares i.e. Demat (NSDL or COSL) or Physical	Your User ID is:
a) For Members who hold shares in demat account with NSDL.	8 Character DP ID followed by 8 Digit Client ID
For example if your DP ID is IN300 and Client ID is 12 then your user ID is IN30012.
b) For Members who hold shares in demat account with COSL.	16 Digit Beneficiary ID
For example if your Beneficiary ID is 12 then your user ID is 12
c) For Members holding shares in Physical Form.	EVEN Number followed by Folio Number registered with the company
For example if folio number is 001 and EVEN is 101456 then user ID is 101456001.

Password details for shareholders other than Individual shareholders are given below:

a) If you are already registered for e-Voting, then you can user your existing password to login and cast your vote.
b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the 'initial password' which was communicated to you. Once you retrieve your 'initial password', you need to enter the 'initial password' and the system will force you to change your password.
c) How to retrieve your 'initial password'?
(i) If your email ID is registered in your demat account or with the company, your 'initial password' is communicated to you on your email ID. Trace the email sent to you from NSDL

from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8 digit client ID for NSDL account, last 8 digits of client ID for COSL account or folio number for shares held in physical form. The .pdf file contains your 'User ID' and your 'initial password'.

(ii) If your email ID is not registered, please follow steps mentioned below in process for those shareholders whose email ids are not registered

If you are unable to retrieve or have not received the "Initial password" or have forgotten your password:

a) Click on "Forgot User Details/Password" (if you are holding shares in your demat account with NSDL or COSL) option available on www.evoting.nsdl.com.
b) Physical User Reset Password? (If you are holding shares in physical mode) option available on www.evoting.nsdl.com.
c) Members can also use the OTP (One Time Password) based login for casting the votes on the e-Voting system of NSDL.

After entering your password, tick on Agree to "Terms and Conditions" by selecting on the check box.
Now, you will have to click on "Login" button.
After you click on the "Login" button, Home page of e-Voting will open.

Step 2: Cast your vote electronically on NSDL e-Voting system

After successful login at Step 1, you will be able to see all the companies "EVEN" in which you are holding shares and whose voting cycle.
Select "EVEN" of company for which you wish to cast your vote during the remote e-Voting period.
Now you are ready for e-Voting as the Voting page opens.
Cast your vote by selecting appropriate options i.e. assent or dissent, verify/modify the number of shares for which you wish to cast your vote and click on "Submit" and also "Confirm" when prompted.
Upon confirmation, the message "Vote cast successfully" will be displayed.
You can also take the printout of the votes cast by you by clicking on the print option on the confirmation page.
Once you confirm your vote on the resolution, you will not be allowed to modify your vote.

General Guidelines for shareholders

Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly

authorised signatory(ies) who are authorised to vote, to the Scrutiniser by e-mail to [email protected] with a copy marked to [email protected]. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) can also upload their Board Resolution / Power of Attorney / Authority Letter etc. by clicking on "Upload Board Resolution / Authority Letter" displayed under "e-Voting" tab in their login.
2. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the "Forgot User Details/Password" or "Physical User Reset Password" option available on www.evoting.nsdl.com to reset the password.
3. In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the download section of www.evoting.nsdl.com or call on: 022 - 4886 7000 or send a request to (Ms. Apeksha Gojamgunde) at [email protected].

Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of email ids for e-voting for the resolutions set out in this notice:

Members who have not registered their email address with the Company or the Depositories and wish to receive the notice and/or case their vote through remote e-voting are required to register their email address with the Company on [email protected]. Alternatively, a letter of request for registration of their email address, mentioning their name and DPID-CLID (16 digit DPID + CLID or 16 digit beneficiary ID)/ folio number to [email protected].
If you are an Individual shareholders holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A) i.e. Login method for e-Voting for individual shareholders holding securities in demat mode.
Alternatively shareholder/members may send a request to [email protected] for procuring user id and password for e-voting by providing above mentioned documents.
In terms of SEBI circular dated 09 December, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in order to access e-Voting facility.

THE INSTRUCTIONS FOR MEMBERS FOR E-VOTING ON THE DAY OF THE AGM ARE AS UNDER:

The procedure for e-Voting on the day of the AGM is same as the instructions mentioned above for remote e-voting.
Only those Members/ shareholders, who will be present in the AGM through VC/OAVM facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting system in the EGM/AGM.
Members who have voted through Remote e-Voting will be eligible to attend the AGM However, they will not be eligible to vote at the AGM.
The details of the person who may be contacted for any grievances connected with the facility for e-Voting on the day of the AGM shall be the same person mentioned for Remote e-voting.

INSTRUCTIONS FOR MEMBERS FOR ATTENDING THE AGM THROUGH VC/OAVM ARE AS UNDER:

Member will be provided with a facility to attend the AGM through VC/OAVM through the NSDL e-Voting system. Members may access by following the steps mentioned above for Access to NSDL e-Voting system. After successful login, you can see link of "VC/OAVM" placed under 'Join meeting' menu against company name. You are requested to click on VC/OAVM link placed under Join Meeting menu. The link for VC/OAVM will be available in Shareholder/Member login where the EVEN of Company will be displayed. Please note that the members who do not have the User ID and Password for e-Voting or have forgotten the User ID and Password may retrieve the same by following the remote e-Voting instructions mentioned in the notice to avoid last minute rush.
Members are encouraged to join the Meeting through Laptops for better experience.
Further Members will be required to allow Camera and use Internet with a good speed to avoid any disturbance during the meeting.
Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop connecting via Mobile Hotspot may experience Audio/Video loss due to Fluctuation in their respective network. It is therefore recommended to use Stable Wi-Fi or LAN Connection to mitigate any kind of aforesaid glitches.
Shareholders who would like to express their views/have questions may send their questions in advance mentioning their name demat account number/folio number, email id, mobile number at [email protected] The same will be replied by the company suitably.

ANGEL ONE LIMITED

ANNUAL REPORT 2025-26

AI assistant

ANGEL ONE LIMITED — Proxy Solicitation & Information Statement 2026

62103_rns_2026-05-20_cf49856b-282e-4d33-b4a6-2e7ee324062a.pdf

NOTICE OF THE 30TH ANNUAL GENERAL MEETING

ORDINARY BUSINESS:

1. Adoption of Standalone Financial Statements:

2. Adoption of Consolidated Financial Statements:

3. Confirmation of payment of the Interim Dividends For FY 2025-26:

4. Appointment of Director retiring by rotation:

SPECIAL BUSINESS:

5. To consider and approve the re-appointment of Ms. Mala Todarwal (DIN: 06933515) as a Non-Executive Independent Director of the Company for a second term of five consecutive years w.e.f. 20 October, 2026:

6. To consider and approve the re-appointment of Mr. Muralidharan Ramachandran (DIN: 08330682) as a Non-Executive Independent Director of the Company for a second term of five consecutive years w.e.f. 06 August, 2026:

7. Increase in Borrowing Limits under Section 180(1)(C) of The Companies Act, 2013:

8. Increase in Limits Under Section 180(1)(A) of The Companies Act, 2013:

9. Approval under Section 186 of The Companies Act, 2013:

10. Raising Funds by way of Issuance of Non-Convertible Debentures (NCDs) in one or more tranches on Private Placement and/or through Public Issue:

EXPLANATORY STATEMENT IN RESPECT OF SPECIAL BUSINESS PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013 ("THE ACT") SETTING OUT ALL MATERIAL FACTS:

ITEM NO. 5:

ITEM NO. 6:

ITEM NO. 7:

ITEM NO 8:

ITEM NO 9:

Equid networth- Share Capital + Free Reserves - (Non-allowable assets).

ITEM NO 10:

a) Particulars of the offer including date of passing of board resolution:

b) Kinds of securities offered and the price at which security is being offered:

c) Basis or justification for the price (including premium, if any) at which the offer or invitation is being made:

d) Name and address of valuer who performed valuation:

e) Amount which the Company intends to raise by way of such securities:

f) Material terms of raising such securities, proposed time schedule, purposes or objects of offer, contribution being made by the promoters or directors either as part of the offer or separately in furtherance of objects; principle terms of assets charged as securities:

BRIEF RESUME OF DIRECTORS BEING APPOINTMENT/ RE-APPOINTED (IN PURSUANCE OF REGULATION 36(3)(A) OF THE LISTING REGULATIONS) AND INFORMATION PURSUANT TO 1.2.5 OF THE SECRETARIAL STANDARD ON GENERAL MEETINGS (SS-2) REGARDING DIRECTOR SEEKING APPOINTMENT / RE-APPOINTMENT

NOTES

THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING AND JOINING GENERAL MEETING ARE AS UNDER:

How do I vote electronically using NSDL e-Voting system?

Step 1: Access to NSDL e-Voting system

A) Login method for e-Voting for Individual shareholders holding securities in demat mode

NSDL Mobile App is available on

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

How to Log-in to NSDL e-Voting website?

Step 2: Cast your vote electronically on NSDL e-Voting system

General Guidelines for shareholders

Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of email ids for e-voting for the resolutions set out in this notice:

THE INSTRUCTIONS FOR MEMBERS FOR E-VOTING ON THE DAY OF THE AGM ARE AS UNDER:

INSTRUCTIONS FOR MEMBERS FOR ATTENDING THE AGM THROUGH VC/OAVM ARE AS UNDER:

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ANGEL ONE LIMITED Proxy Solicitation & Information Statement 2026