Motilal Oswal Securities Limited (MOSL) has reaffirmed its positive stance on Poonawalla Fincorp , maintaining a Buy rating with a target price of ₹560. The brokerage firm's recommendation is based on the company's successful transition into a stable growth phase following comprehensive portfolio clean-up initiatives.

Growth Projections and Financial Outlook

MOSL has outlined robust growth expectations for Poonawalla Fincorp over the medium term. The firm projects impressive compound annual growth rates across key financial metrics:

Profitability Enhancement Strategy

The brokerage expects significant improvements in the company's profitability ratios by FY28E. MOSL forecasts substantial enhancement in key performance indicators:

Strategic Business Transformation

MOSL's positive outlook is anchored on several strategic initiatives undertaken by Poonawalla Fincorp. The company has successfully completed its portfolio clean-up phase, positioning itself for sustainable growth. Key strategic factors supporting the Buy recommendation include:

• Multi-product expansion: The company is broadening its product portfolio to capture diverse market opportunities
• Diversified credit mix: Strategic shift towards a more balanced and risk-optimized credit portfolio
• Stable growth transition: Successful movement from restructuring phase to sustainable growth trajectory

Market Position and Investment Rationale

The ₹560 target price reflects MOSL's confidence in Poonawalla Fincorp's ability to execute its growth strategy effectively. The combination of strong projected growth rates and improving profitability metrics supports the brokerage's optimistic assessment of the company's prospects in the financial services sector.

Poonawalla Fincorp Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving two critical special resolutions on February 19, 2026. The company disclosed the voting results to stock exchanges, marking a significant milestone in its corporate governance and strategic planning initiatives.

Postal Ballot Process Overview

The postal ballot was conducted entirely through remote e-voting, facilitated by the National Securities Depository Limited (NSDL). Mr. Girish Bhatia, Practicing Company Secretary (Membership No. FCS 3295, CP No.13792), served as the appointed Scrutinizer for the process. The e-voting facility remained open for thirty days, commencing on Wednesday, January 21, 2026 at 09:00 A.M. IST and concluding on Thursday, February 19, 2026 at 05:00 P.M. IST.

Resolution 1: Fundraising Approval

The first special resolution pertained to raising funds through the issue of equity shares of ₹2/- each and other eligible securities convertible into equity shares through qualified institutions placement and other permissible modes. This resolution received exceptional shareholder support.

Resolution 2: Executive Appointment

The second special resolution involved the appointment of Mr. Vikas Pandey (DIN: 11463386) as a Whole-time Director (Executive Director) of the company. This resolution also garnered substantial shareholder approval across all categories.

Shareholder Participation Analysis

The postal ballot witnessed significant participation from institutional and retail investors. Out of 812,629,109 total shares, 714,879,305 votes were polled, representing 87.97% participation. The promoter and promoter group demonstrated complete support with 100% participation and approval for both resolutions. Public institutions showed strong engagement with 90.48% participation, while public non-institutions recorded 24.91% participation.

Regulatory Compliance and Documentation

The company ensured full compliance with regulatory requirements under Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. Public advertisements were published in "The Financial Express" (English) and "Loksatta" (Marathi) on January 21, 2026, as mandated by law. The postal ballot results have been hosted on the company's website at www.poonawallafincorp.com for transparency and stakeholder access.

Both resolutions were declared passed with requisite majority on February 19, 2026, enabling the company to proceed with its strategic fundraising plans and executive leadership strengthening initiatives.