Pursuant to the provisions of Regulation 24(A) of the SEBI (LODR) Regulations, 2015 (as amended from time to time), please find enclosed herewith Annual Secretarial Compliance Report issued ....
MOTILALOFS · price
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Motilal Oswal Financial Services has submitted its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI's Listing Regulations. The report, issued by practicing company secretary U. Hegde & Associates, confirms the company complied with applicable Secretarial Standards, Board processes, and SEBI Regulations during the year. It discloses three SEBI actions: a Rs 5 lakh penalty (already paid) related to an investigation into trade recommendations by Hemant Ghai and trades by his relatives, a Rs 7 lakh penalty (already paid) from a joint SEBI-stock exchange inspection for FY2021-22, and an administrative warning on retail broking operations. The company also has a pending writ petition in the Bombay High Court challenging a SEBI notice concerning its whole-time director Ajay Menon. Management states none of these matters have any material impact on financials or operations.
These are largely already-disclosed and paid penalties with no material financial or operational impact, so they are unlikely to move the stock meaningfully. Investors may want to track the pending Bombay High Court matter involving director Ajay Menon as a potential overhang.