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 ....
Awaiting price reaction for this filing.
Motilal Oswal Financial Services Limited has submitted its Annual Secretarial Compliance Report for FY25, certifying compliance with SEBI LODR Regulations and other applicable SEBI rules. The report flags three SEBI-related actions during the year: a ₹5 lakh penalty in an investigation involving trades by a former employee's relatives (Final Order dated March 19, 2025); a ₹7 lakh penalty for inspection findings on margin reporting, data upload, and inactive client fund settlement (Order dated January 30, 2025); and an administrative warning related to retail broking processes including STQC certifications and reporting mismatches. A prior-year matter — a one-day delay in intimation of Commercial Paper discharge (₹1,000 fine) — and a 2023 SEBI notice on 'fit and proper' criteria for Whole-time Director Ajay Menon (challenged via writ petition in Bombay High Court) were also carried forward. The Practicing Company Secretary confirmed compliance with secretarial standards, policies, website disclosures, director disqualification checks, related-party transactions, and insider trading norms.
Two SEBI monetary penalties totalling ₹12 lakh have already been paid and the company states they have no material impact on operations or financials. Investors should note the pending Bombay High Court writ petition on the 'fit and proper' matter concerning a Whole-time Director, though no adverse financial impact is indicated at present.