Motilal Oswal Financial Services Limited has received formal requests from 11 promoter group members seeking reclassification from the 'Promoter Group' category to the 'Public' category under SEBI regulations. The company informed the stock exchanges about this development through an official communication dated April 29, 2026.

Reclassification Request Details

The request letters dated April 28, 2026, were submitted pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 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 their 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%.

Board Consideration

The Board of Directors was scheduled to consider these reclassification requests at their meeting on April 29, 2026. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the receipt of these applications as required under regulatory compliance.

Motilal Oswal Financial Services Limited has formally notified stock exchanges about an upcoming earnings conference call scheduled for April 30, 2026, at 12:00 noon. The call will be conducted under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to discuss the company's financial performance for the fourth quarter and full year ended March 31, 2026.

Earnings Conference Call Details

The conference call is organized to provide investors and analysts with insights into the company's Q4FY26 financial performance. The company has provided universal access numbers and a Diamond Pass Link for registration to ensure broad participation from the investment community.

Board Meeting Context

The earnings call follows a board meeting scheduled for April 29, 2026, which will review and approve the company's audited financial results for the fourth quarter and full year ended March 31, 2026. The board meeting intimation was filed on April 22, 2026, in compliance with Regulation 29 of the SEBI Listing Regulations.

Disclosure and Accessibility

The company has committed to transparency by making all relevant materials available across multiple platforms. The Investor/Analyst Presentation, Audio Recording, and Transcript of the earnings call will be uploaded on the company's website and stock exchange platforms.

Stock Exchange Communication

The formal intimation regarding the earnings conference call was addressed to both BSE Limited and National Stock Exchange of India Limited. The communication was signed by Kailash Purohit, Company Secretary & Compliance Officer, ensuring proper corporate governance protocols were followed.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has implemented trading restrictions on its securities. The trading window, which was closed as per the company's March 19, 2026 communication, will remain shut until 48 hours after the financial results are declared.