Raamdeo Agarawal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Raamdeo Agarawal, promoter of Motilal Oswal Financial Services, has filed an annual declaration with the exchanges confirming that he and persons acting in concert have not encumbered (pledged) any shares directly or indirectly during the financial year ended March 31, 2025. The filing also lists the shareholding of all promoter-group members, with Raamdeo Agarawal himself holding 12.90 crore shares (21.53% of equity), the largest in the group. Other promoter family members and entities together hold another ~13%, taking the promoter-group total to roughly 34.5% of the company. This is a routine yearly compliance filing required under SEBI takeover rules to disclose whether promoters have pledged or otherwise encumbered their holdings.
This is a neutral, routine compliance filing — no new pledges or encumbrances were created, which signals stability of promoter shareholding. Retail investors should read this as confirmation that the promoter group has not used their shares as collateral, removing any near-term risk of forced selling from pledged holdings.