Motilal Oswal Receives 0.42% Promoter Reclassification Request

Motilal Oswal Financial Services received requests from 11 promoter group members to reclassify as public shareholders.
The applicants hold an aggregate 0.42% stake and claim financial and operational independence from continuing promoters.
The board will consider the reclassification request at its meeting scheduled for April 29, 2026.
Continuing promoters Motilal Oswal and Raamdeo Agarawal maintain 67.12% controlling stake unaffected by this move.