Angel One Settles SEBI Proceedings for ₹4.28 Cr

Angel One Limited has settled adjudication and enquiry proceedings initiated by the Securities and Exchange Board of India (SEBI) for alleged violations related to the supervision and monitoring of its Authorized Persons. The company proposed a settlement amount of ₹4,28,01,600 (Rupees Four Crores Twenty-Eight Lakhs One Thousand Six Hundred only), which was accepted by SEBI. Upon remittance of this amount, the proceedings have been disposed of. The alleged violations included inadequate supervision, failure to detect unauthorized fund collection, and non-compliance with SEBI regulations.