Motilal Oswal Financial Services Limited (MOFSL) has initiated a postal ballot process to seek shareholder approval for the appointment of six directors, including two next-generation leaders as Non-Executive Directors. This move signifies a strategic step in strengthening the company's leadership and governance structure.

Key Points of the Postal Ballot

• Voting Period: E-voting will run from December 1, 2025, to December 30, 2025.
• Result Announcement: The outcome is expected to be declared by January 1, 2026.
• Proposed Appointments:
  • Pratik Oswal and Vaibhav Agrawal as Non-Executive Directors
  • Four other directors (names not specified in the provided information)

Proposed Non-Executive Directors

Pratik Oswal

• Son of Motilal Oswal (Managing Director & CEO)
• Currently leads the Passive & Quant Funds Division at Motilal Oswal Asset Management Company Limited (MOAMC)

Vaibhav Agrawal

• Son of Raamdeo Agarawal (Non-Executive Chairman)
• Presently serves as the Chief Investment Officer for Alternate Investments and Portfolio Management Services at MOAMC

Remuneration Proposal

Both Pratik Oswal and Vaibhav Agrawal are proposed to receive remuneration from MOAMC, a wholly-owned subsidiary of MOFSL. The details are as follows:

Financial Context

To provide context for this corporate action, here are some key financial metrics of Motilal Oswal Financial Services:

The company has shown significant growth in shareholders' capital and investments, indicating a strong financial position. This context suggests that the proposed board appointments and remuneration packages align with the company's growth trajectory and financial capacity.

Implications for Shareholders

1. Generational Transition: The appointment of next-generation leaders signals a planned succession strategy, potentially ensuring long-term stability and continuity in the company's vision.

2. Governance Structure: The addition of new directors, including Non-Executive roles, may enhance the board's oversight capabilities and bring fresh perspectives to the company's strategic direction.

3. Financial Commitment: The proposed remuneration packages, while substantial, are structured as fixed components, which provides clarity and potentially aligns with the company's performance and growth objectives.

Shareholders are advised to carefully review the complete postal ballot notice for comprehensive details on the proposed appointments and their potential impact on the company's future direction and governance.

Motilal Oswal Financial Services Limited (MOFSL) has announced a significant development in its employee stock option program. The company's Finance Committee has approved the allotment of 2,72,379 equity shares to option grantees who exercised their stock options across four different Employee Stock Option (ESOP) schemes.

ESOP Allotment Details

The allotment, which took place on November 20, 2025, was distributed across four ESOP schemes as follows:

Key Points of the Allotment

• ESOP Scheme IX accounted for the largest portion of the allotment with 2,17,879 shares.
• The newly allotted shares will rank equally with existing equity shares in all respects.
• This move is part of MOFSL's ongoing commitment to employee ownership and retention.

Regulatory Compliance

The company has informed the BSE Limited and the National Stock Exchange of India Limited about this allotment, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This equity share allotment under the ESOP schemes demonstrates Motilal Oswal Financial Services' continued focus on aligning employee interests with those of the company and its shareholders. It provides eligible employees with an opportunity to participate in the company's growth and success.