Motilal Oswal Corrigendum: Postal Ballot Notice Changes
Motilal Oswal Financial Services Limited has issued a corrigendum to its earlier Notice of Postal Ballot dated November 28, 2025. The changes affect page 3, where 'Ordinary Resolution' for Item Nos. 5...
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Why is Motilal Oswal Financial Services Limited in the news today?
Motilal Oswal Financial Services Limited (MOTILALOFS) is in the news due to the announcement is a corrigendum to a previous notice, rectifying specific details rather than introducing new material information or a significant change in business outlook. therefore, the sentiment is neutral.
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Motilal Oswal Corrigendum: Postal Ballot Notice Changes
December 19, 2025, 12:30 PM
Motilal Oswal Financial Services Limited has issued a corrigendum to its earlier Notice of Postal Ballot dated November 28, 2025. The changes affect page 3, where 'Ordinary Resolution' for Item Nos. 5 & 6 will now be read as 'Special Resolution'. Additionally, on page 10, Paragraph 7 of the Explanatory Statement has been updated to state that the Board recommends Ordinary Resolutions for Item Nos. 1, 2, 3 & 4 and Special Resolutions for Item Nos. 5 & 6.
This Corrigendum forms an integral part of the original Postal Ballot Notice. The company will publish the corrigendum in the Financial Express and Navshakti, and it will be available on the company's website and the stock exchanges' websites. The original notice also detailed the postal ballot process, including the remote e-voting period from December 01, 2025, to December 30, 2025, and the appointment of Mr. Umashankar K. Hegde as the Scrutinizer. The results are expected by January 01, 2026.
The postal ballot seeks approval for several key appointments: Mr. Pratik Oswal and Mr. Vaibhav Agrawal as Non-Executive Directors, and Mr. Joseph Conrad Agnelo D’Souza and Mr. Ashok Kumar Parasmal Kothari as Independent Directors. The notice also covers the approval of remuneration for Mr. Pratik Oswal and Mr. Vaibhav Agrawal from Motilal Oswal Asset Management Company Limited (MOAMC), with annual remuneration of ₹1,20,00,000, potentially increasing up to ₹2,40,00,000 per annum for a period of five years from November 01, 2025, to October 31, 2030. These appointments and remuneration approvals are part of the company's internal re-organization to strengthen leadership and governance.
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