Date: July 15, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results (Standalone & Consolidated)
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Promoter Group Reclassification Approval
- Shareholders approved reclassification of 11 promoter group members to public category at Twenty-First AGM held on July 14, 2026
- Effective immediately from July 15, 2026
- Total shares reclassified: 24,45,412 equity shares (0.42% of total shareholding)
- Individual shareholdings range from 0 to 4,00,000 shares (0.00% to 0.07%)
Detailed Shareholding of Reclassified Members:
- Smt. Ansi Devi Oswal: 0 shares (0.00%)
- Mr. Javerilal Oswal: 0 shares (0.00%)
- Mr. Kamlesh Salecha (Legal Heir of Late Smt. Vimala Devi Salecha): 5,720 shares (0.00%)
- Mr. Rajendra Oswal: 2,19,984 shares (0.04%)
- Mr. Govind Deo Agarawal: 2,23,080 shares (0.04%)
- Mr. Satish Agrawal: 2,73,080 shares (0.05%)
- Mr. Karoon Agrawal: 3,00,000 shares (0.05%)
- Mr. Sukhdeo Agarawal: 3,03,548 shares (0.05%)
- Mrs. Anita Agrawal: 3,20,000 shares (0.05%)
- Mr. Vinay Agrawal: 4,00,000 shares (0.07%)
- Mrs. Suman Agrawal: 4,00,000 shares (0.07%)
Regulatory Compliance:
- Conducted under SEBI Listing Regulations Regulation 31A
- Received No Objection Letters from BSE (LIST/COMP/KR/113/2026-27) and NSE (NSE/LIST/COMP/MOTILALOFS/586/2026-2027) on June 12, 2026
- Outgoing members confirmed compliance with all SEBI Regulation 31A(3)(b) conditions:
- Do not hold more than 10% voting rights
- Do not exercise control over company affairs
- Do not have any special rights through formal/informal arrangements
- Not represented on Board of Directors
- Not acting as Key Managerial Personnel
- Not wilful defaulters per RBI Guidelines
- Not fugitive economic offenders
Board Considerations:
- Board initially approved reclassification on April 29, 2026
- Based on Family Settlement Deeds dated April 27, 2026 among promoters and outgoing members
- Outgoing members confirmed financial, managerial and operational independence from continuing promoters
- Continuing promoters (Mr. Motilal Oswal & Mr. Raamdeo Agarawal) retain 67.12% stake as of March 31, 2026
- Company confirms compliance with minimum public shareholding requirements under Regulation 38
- No trading suspension outstanding
- No outstanding dues to SEBI, Stock Exchanges or Depositories
Voting Results for Resolution No. 6 (Reclassification):
- Total votes polled: 11,75,02,461 (19.5139% of outstanding shares)
- Votes in favor: 11,75,01,083 (99.9988% of votes polled)
- Votes against: 1,378 (0.0012% of votes polled)
- 538 members voted in favor, unknown number voted against
- Promoter and promoter group abstained from voting (interested parties)
Key Personnel:
- Kailash Purohit - Company Secretary & Compliance Officer
- Raamdeo Agarawal - Chairman (DIN: 00024533)
- Motilal Oswal - Director (DIN: not specified in document)
- Umashankar K Hegde - Practicing Company Secretary (Scrutinizer)