Motilal Oswal Members Approve Promoter Reclassification

Motilal Oswal Financial Services Ltd announced that its members, at the 21st Annual General Meeting held on July 14, 2026, approved the reclassification of certain members from the Promoter Group to the Public category. This follows a no-objection letter received from stock exchanges on June 12, 2026. A total of 24,45,412 shares, representing 0.42% of the total shareholding, were involved in this reclassification. The affected individuals will now be considered part of the Public category, ceasing to be part of the Promoter Group. The company has submitted the certified true copy of the resolution, voting results, and scrutinizer's report to the stock exchanges.