Notice to Investors in Angas Securities Funds

Financial Dispute Legal is investigating potential compensation claims involving the Angas Prime Income Fund and Angas Direct Mortgage Fund after ASIC announced interim stop orders on 9 November 2026 over concerns the funds' product disclosure statements did not adequately disclose material information about Angas Securities' financial position and the Angas Prime Income Fund's exposure to Bathla Group borrowers.

Financial Dispute Legal is investigating potential compensation claims involving the Angas Prime Income Fund and Angas Direct Mortgage Fund.

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On 9 November 2026, ASIC announced interim stop orders preventing Angas Securities Limited from offering, issuing, selling or transferring interests in:

  • the Angas Prime Income Fund (ARSN 091 887 400); and
  • the Angas Direct Mortgage Fund (ARSN 151 979 645).

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ASIC stated that it was concerned the funds’ product disclosure statements did not adequately disclose material information about Angas Securities’ financial position, including a net asset deficiency, a breach of applicable net tangible asset requirements, a proposed capital raising and the potential consequences for the funds if sufficient capital could not be raised.

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ASIC also raised concerns about disclosures for the Angas Prime Income Fund relating to its exposure to Bathla Group borrowers, defaults, liquidity, loan-to-value ratios and portfolio diversification.

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If you invested in the Angas Prime Income Fund or Angas Direct Mortgage Fund on the advice or recommendation of a financial adviser, please contact Financial Dispute Legal to discuss your circumstances and whether you may have rights to recover compensation on 07 3915 0802 or enquiry@fdlegal.com.au

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