Meeting Details

  • Meeting Type: Twenty-First Annual General Meeting (AGM)
  • Date: Tuesday, July 14, 2026
  • Time: 04:00 p.m. (IST)
  • Location: Conducted through Video Conferencing (VC) with deemed venue at Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai – 400 025
  • Notice Date: June 22, 2026

Proposed Resolutions and Implications

The AGM considered nine resolutions as per the notice dated June 22, 2026:

Ordinary Businesses:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, with Board of Directors and Auditors reports.

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, with Auditors report.

3. Confirmation of Interim Dividend of ₹6 per equity share (face value ₹1) as Final Dividend for FY 2025-26.

4. Re-appointment of Mr. Raamdeo Agarawal (DIN: 00024533) who retired by rotation.

5. Re-appointment of Mr. Navin Agarwal (DIN: 00024561) who retired by rotation.

Special Businesses:

6. Reclassification of certain Members of the Promoter Group from 'Promoter Group' to 'Public' category.

7. Appointment of Mr. Sunil Goyal (DIN: 00503570) as Independent Director.

8. Appointment of Mrs. Smita Bhagat (DIN: 08445343) as Independent Director.

9. Enhancement in existing borrowing limit under Section 180(1)(c) of Companies Act, 2013.

Implications: The resolutions cover standard annual approvals including financial statement adoption, dividend declaration, director appointments, and specific corporate actions affecting capital structure and governance.

Voting Process and Methods

The voting process was conducted as follows:

  • Remote e-Voting: Provided through National Securities Depository Limited (NSDL) from Friday, July 10, 2026 at 09:00 a.m. (IST) to Monday, July 13, 2026 at 05:00 p.m. (IST).
  • e-Voting During AGM: Available for members attending via VC who had not voted via remote e-voting.
  • Proxy Facility: Not applicable as the meeting was held through VC.
  • Scrutinizer Appointment: Mr. Umashankar K. Hegde, Practicing Company Secretary (Membership No. A22133), was appointed to scrutinize both remote e-voting and e-voting during the AGM.
  • Voting Closure: e-Voting process closed 15 minutes after conclusion of AGM.

Key Voting Outcomes and Participation

  • Results Timeline: To be declared within two working days from conclusion of AGM based on Scrutinizer's Report.
  • Results Publication: Will be displayed on company website (www.motilaloswal.com) and NSDL website (www.evoting.nsdl.com) after intimation to stock exchanges.
  • Shareholder Participation: 16 members registered as speakers participated in the meeting, expressing appreciation for financial performance, dividend record, customer-centric approach, and governance standards.

Scrutinizer's Role and Findings

The Scrutinizer's Report and detailed Voting Results as per Regulation 44 of SEBI LODR were not included in this document and were to be submitted separately. Mr. Umashankar K. Hegde was responsible for ensuring a fair and transparent voting process.

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Circulars issued by Ministry of Corporate Affairs
  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
  • Necessary arrangements made with NSDL for e-voting facilities
  • Electronic inspection of documents/registers available to members upon request

Signatories and Roles

  • Kailash Purohit, Company Secretary & Compliance Officer, signed the disclosure document and annexure.
  • Mr. Raamdeo Agarawal, Chairman, presided over the meeting.
  • Mr. Motilal Oswal, Managing Director & CEO, conducted the proceedings for most resolutions.
  • Mr. Navin Agarwal conducted proceedings for Item No. 6 where Mr. Oswal and Mr. Raamdeo Agarawal abstained due to interest.

Additional Procedural Information

  • Quorum: Confirmed present at meeting commencement.
  • Attendance: Board members, CFO, Company Secretary, other officers, Scrutinizer, Statutory Auditors, and Secretarial Auditors attended.
  • Documentation: Annual Report including financial statements and reports were circulated to members within statutory period.
  • Meeting Duration: Concluded at 5:24 p.m. on July 14, 2026.
  • Shareholder Engagement: Members raised queries on business strategy, industry outlook, macroeconomic impacts, AI initiatives, digital transformation, customer experience, subsidiary performance (including MOHFL), and shareholder value enhancement.