Promoter Group members reclassified as Public at AGM
MOTILALOFS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Members at the 21st AGM on July 14, 2026 approved reclassifying 11 members of the Promoter Group to the Public category. These members together hold 24,45,412 shares (0.42 percent of total), with individual stakes ranging from 0 percent to 0.07 percent. The move followed Family Settlement Deeds dated April 27, 2026 and No-objection letters from BSE and NSE dated June 12, 2026. Continuing promoters Motilal Oswal and Raamdeo Agarawal still hold 67.12 percent. Resolution passed with 99.9988 percent in favour.
Minor technical change with no governance impact. Promoter holding stays at 67.12 percent, public shareholding rises by 0.42 percent.