Pursuant to Regulation 30 read with Schedule III of the Listing Regulations, we wish to inform you that the Board of Directors ('Board') of Angel One Limited ('Company' or 'AOL'or 'Transferor Company') has at its meeting held on August 09, 2023, approved the Scheme of Arrangement involving transfer of Business Undertaking 1 of AOL to Angel Securities Limited ('ASL' or 'Transferee Company 1'), a wholly owned subsidiary of the AOL and Business Undertaking 2 of AOL to Angel Crest Limited ('ACL' or 'Transferee Company 2'), a wholly owned subsidiary of AOL, under the provisions of Sections 230 to 232 of the Companies Act, 2013, and other applicable regulatory requirements (the 'Scheme').
Scheme of Arrangement
Please refer the attached disclosure
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