Angel One Ltd has paid Rs34.57 lakh to settle adjudication proceedings initiated by market regulator Securities and Exchange Board of India (SEBI). The settlement concludes SEBI regulatory action against the brokerage over alleged lapses in making timely and accurate disclosures, as required under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations. The alleged violations related to Angel One’s failure to promptly disclose material developments concerning a proposed scheme of arrangement and a delay of about two hours in reporting the outcome of its board meeting held on 9 August 2023. SEBI had launched adjudication proceedings against Angel One under Section 15-I of the SEBI Act, 1992, citing violations of Regulations 30(6) and 30(7) of the LODR Regulatio

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