Motilal Oswal Financial Services Limited has submitted a formal application to BSE Limited and National Stock Exchange of India Limited seeking approval for the reclassification of 11 promoter group members to the 'Public' category. The application was filed on April 30, 2026, pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reclassification Application Details

The application follows the company's earlier communication to stock exchanges dated April 29, 2026, regarding the receipt of reclassification requests from these members. The 11 applicants collectively hold 24,45,412 shares, representing 0.42% of the company's total shareholding.

Compliance and Independence Confirmation

The outgoing promoter group members have confirmed compliance with conditions prescribed under Regulation 31A of the Listing Regulations. They have declared that they have been living separately for several years and maintain financial, managerial, and operational independence from the continuing promoters.

The applicants have no common business interests, shared control, or acting-in-concert arrangements with the continuing promoters, namely Mr. Motilal Oswal and Mr. Raamdeo Agarawal, and their family members.

Impact on Company Control Structure

The reclassification will not affect the company's governance or controlling rights structure. The continuing promoters maintain 67.12% of the total shareholding, while the departing members hold minimal individual stakes ranging from 0.00% to 0.07%.

Motilal Oswal Financial Services Limited announced the outcomes of its Board of Directors meeting held on April 29, 2026, where key decisions were approved including audited financial results and strategic appointments. The company reported its highest-ever quarterly operating profit after tax (PAT) of ₹661 Cr in Q4FY26, representing a 25% year-on-year growth, and annual operating PAT of ₹2,360 Cr in FY26, up 16% YoY.

Board Meeting Outcomes and Financial Results Approval

The Board of Directors approved the audited financial results (consolidated and standalone) for the quarter and year ended March 31, 2026. The consolidated financial results were audited by M/s. Singhi & Co., Chartered Accountants, and show strong performance across business segments.

New Director Appointments

The Board approved the appointment of two new Independent Directors, subject to shareholder approval and necessary regulatory clearances:

These appointments are being made in view of the upcoming completion of the second term of existing directors Mr. Chitradurga Narasimha Murthy and Mr. Chandrashekhar Karnik.

Segment-wise Performance Highlights

The company's diversified business model delivered strong results across segments, with Asset and Private Wealth Management leading growth:

Promoter Group Reclassification

The Board approved requests for reclassification of 11 members from the Promoter Group category to Public category, representing an aggregate shareholding of 0.42% (24,45,412 shares). This reclassification is subject to stock exchange approvals, shareholder consent, and regulatory clearances.

Business Development Updates

During the quarter, the company achieved several milestones including ICRA reaffirming A1+ rating for Commercial Paper programme and AA+ (stable) rating for Non-Convertible Debentures. The Housing Finance subsidiary raised $100 million from Asian Development Bank, validating the franchise strength.

Earnings Conference Call

The company has scheduled an earnings conference call on April 30, 2026, to discuss Q4FY26 and FY26 financial performance with investors and analysts.

Source: INE338I01027/30a18718-541b-49ab-b115-9bfb656b13cb.pdf