Integrated Filing-Governance



General information about company

Scrip Code 532892
NSE Symbol MOTILALOFS
MSEI Symbol NOTLISTED
ISIN INE338I01027
Name of the entity Motilal Oswal Financial Services Limited
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Reporting Quarter Quarterly
Date of Quarter Ending 31-Dec-2024
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity During the quarter ended December 2024, Motilal Oswal Financial Services Limited (MOFSL) has further acquired shares in its Wholly Owned Subsidiary Company i.e. Motilal Oswal Custodial Services Private Limited (MOCSPL). Since, MOCSPL is wholly owned by MOFSL, there is no change in the percentage of shareholding after this acquition.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity There is no fine or penalty was imposed or orders passed by any regulator, statutory, enforcement authority or judicial body against the listed entity or its directors, key managerial personnel, senior management, promoter or subsidiary, in relation to the listed entity, during the quarter ended 31st December 2024.
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? No
Reason For Part E Of Annexure I Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Not Applicable To The Entity There was no litigation(s) or dispute(s) or the outcome thereof which may have an impact on the listed entity, were noted during the quarter ended 31st December 2024.
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity?
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID m00289
Reason For No SCORE ID
Type of Submission Revision
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Raamdeo Ramgopal Agarawal 00024533 Non-Executive - Non Independent Director Chairperson 01-Jul-1956 No Active NA 18-May-2005 14-Oct-2019 1 0 3 2
2 Mr. Motilal Gopilal Oswal 00024503 Executive Director Not Applicable CEO-MD 12-May-1962 No Active NA 18-May-2005 18-Jan-2021 1 0 3 0
3 Mr. Navin Hariprasad Agarwal 00024561 Executive Director Not Applicable MD 04-Jun-1971 No Active NA 18-May-2005 26-Apr-2024 1 0 0 0
4 Mr. Ajay Menon 00024589 Executive Director Not Applicable 25-Sep-1974 No Active NA 21-Aug-2018 21-Aug-2023 1 0 0 0
5 Mr. Rajat Rajgarhia 07682114 Executive Director Not Applicable 14-Jun-1975 No Active NA 31-Jul-2020 1 0 0 0
6 Mr. Chitradurga Narasimha Murthy 00057222 Non-Executive - Independent Director Not Applicable 21-Mar-1951 No Active Yes 11-Jul-2023 01-Jul-2020 01-Jul-2023 54 1 1 1 0
7 Mr. Chandrashekhar Anant Karnik 00003874 Non-Executive - Independent Director Not Applicable 17-Jun-1952 No Active NA 16-Sep-2020 16-Sep-2023 51.15 1 1 2 1
8 Mr. Pankaj Bhansali 03154793 Non-Executive - Independent Director Not Applicable 12-Aug-1975 No Active NA 01-Jul-2020 01-Jul-2023 54 1 1 1 1
9 Mrs. Divya Sameer Momaya 00365757 Non-Executive - Independent Director Not Applicable 25-Apr-1979 No Active NA 01-Jul-2020 01-Jul-2023 54 3 3 8 3
10 Mrs. Swanubhuti Jain 09006117 Non-Executive - Independent Director Not Applicable 04-Oct-1979 No Active NA 24-Dec-2020 24-Dec-2023 48.07 3 3 4 0



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 03154793 Pankaj Bhansali Non-Executive - Independent Director Chairperson 01-Jul-2020
2 00057222 Chitradurga Narasimha Murthy Non-Executive - Independent Director Member 01-Jul-2020
3 00003874 Chandrashekhar Anant Karnik Non-Executive - Independent Director Member 31-Oct-2020
4 00365757 Divya Sameer Momaya Non-Executive - Independent Director Member 01-Jul-2020



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00057222 Chitradurga Narasimha Murthy Non-Executive - Independent Director Chairperson 01-Jul-2020
2 00003874 Chandrashekhar Anant Karnik Non-Executive - Independent Director Member 29-Apr-2021
3 03154793 Pankaj Bhansali Non-Executive - Independent Director Member 01-Jul-2020
4 00365757 Divya Sameer Momaya Non-Executive - Independent Director Member 01-Jul-2020



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00003874 Chandrashekhar Anant Karnik Non-Executive - Independent Director Chairperson 30-Oct-2020
2 00024503 Motilal Gopilal Oswal Executive Director Member 17-Feb-2007
3 00024533 Raamdeo Ramgopal Agarawal Non-Executive - Non Independent Director Member 17-Feb-2007
4 09006117 Swanubhuti Jain Non-Executive - Independent Director Member 25-Jul-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00024503 Motilal Gopilal Oswal ED Chairperson 21-Apr-2008
2 00024561 Navin Hariprasad Agarwal ED Member 21-Apr-2008
3 00024589 Ajay Menon ED Member 08-Aug-2015
4 03154793 Pankaj Bhansali ID Member 29-Apr-2021
5 99999999 Shalibhadra Shah 8 Member 27-Apr-2017
6 99999999 Nilesh Gokral Chief Risk Officer Member 27-Apr-2023
7 99999999 Neeraj Agarwal Chief Compliance Officer Member 27-Jul-2023



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 25-Jul-2024 Yes 10 10 5
2 28-Oct-2024 94 Yes 10 10 5



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 25-Jul-2024 Yes 4 4 4 0
2 Audit Committee 28-Oct-2024 94 Yes 4 4 4 0
3 Nomination and remuneration committee 25-Jul-2024 Yes 4 4 4 0
4 Nomination and remuneration committee 28-Oct-2024 94 Yes 4 4 4 0
5 Stakeholders Relationship Committee 28-Oct-2024 Yes 4 4 2 0
6 Risk Management Committee 28-Oct-2024 Yes 4 4 1 2



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Kailash Purohit
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Signatory Details
Name of signatory Kailash Purohit
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 05-Feb-2025


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 1
No. of investor complaints disposed off during the Quarter 1
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute