The Securities and Exchange Board of India (SEBI) has imposed a ₹3,00,000 fine on Angel One for alleged regulatory violations involving delayed and non-disclosure of material information. The penalty reinforces SEBI’s commitment to maintaining market transparency and compliance among brokerage firms.
India’s markets regulator, SEBI, has levied a penalty of ₹3 lakh on renowned broker Angel One for non-compliance with regulatory norms. The enforcement action stems from Angel One’s failure to disclose material developments promptly and adequately to the public and investors, violating SEBI’s Listing Obligations and Disclosure Requirements (LODR).
The infractions include delayed disclosure of significant corporate information related to a proposed scheme of arrangement. SEBI initiated adjudication proceedings and issued a show-cause notice. Angel One subsequently filed a settlement application and agreed to pay the penalty without admitting or denying the charges.
This penalty highlights SEBI’s stringent oversight framework aimed at fostering a fair, transparent, and accountable capital market. Angel One continues to operate normally and remains committed to upholding compliance standards.
Key Highlights:
-
SEBI imposed ₹3 lakh penalty on Angel One for disclosure lapses.
-
Violations involved delayed and inadequate disclosure of material corporate information.
-
Settlement reached with no admission or denial of wrongdoing by Angel One.
-
The penalty underscores SEBI’s strict regulatory enforcement stance.
-
Angel One’s ongoing business and operations remain unaffected.
-
Reinforces importance of timely, transparent disclosures in capital markets.
Sources: Economic Times, Reuters, SEBI official releases