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Angel One Board Meets: Stock Split & Dividend on Agenda
8 Jan
Summary
- Board meeting on Jan 15 to consider stock split and interim dividend.
- Stock has declined 10% in the past 12 months.
- Q3 profit jumped 85% to ₹212 crore, but YoY profit declined 50%.
Angel One's board of directors is scheduled to meet on January 15 to deliberate on a potential stock split and the declaration of its first interim dividend for the financial year 2025-26. This crucial meeting will also coincide with the announcement of the company's financial results for the December quarter.
The proposed stock sub-division is contingent upon receiving necessary regulatory and shareholder approvals, with the board set to finalize the split ratio during the meeting. Furthermore, January 21, 2026, has been designated as the record date to identify eligible shareholders for the interim dividend, should it be approved.
This strategic move comes as Angel One's shares have experienced a notable decline of 10% over the last twelve months, trading below key moving averages. Despite recent quarterly profit growth, the company's consolidated profit for the July-September quarter fell 50% year-on-year, impacted by regulatory measures affecting derivative trading.
