Motilal Oswal Financial Services Limited’s Board of Directors, in their meeting on October 29, 2026, approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The board also approved the issuance of Non-Convertible Debentures (NCDs) up to ₹3,000 crore. Key decisions also included the designation of Mr. Janak Dalal as Senior Management Personnel and the issuance of a press release on financial performance.
Motilal Oswal Board Approves Financial Results and Debt Issuance
On October 29, 2026, the Board of Directors of Motilal Oswal Financial Services Limited (MOFSL) convened a meeting where they reviewed and approved the unaudited financial results for both the quarter and the half-year period that concluded on September 30, 2026. This approval includes both consolidated and standalone financial statements.
Key Financial Approvals
The board considered and approved the following critical matters:
- The Unaudited Financial Results (Consolidated and Standalone) for the quarter and half-year ended September 30, 2026, along with the Limited Review Reports from the Statutory Auditors.
- Details regarding the utilization of issue proceeds and any deviation in the use of proceeds for Non-Convertible Debt Securities (NCDs) were presented as Annexure A.
- The details of security cover for NCDs were also confirmed as part of the standalone financial results.
Debt Issuance Approval
A significant decision made by the board was the approval for the issuance of Non-Convertible Debentures (NCDs). The company plans to raise funds up to ₹3,000,00,00,000 (Rupees Three Thousand Crore Only). This issuance will be conducted through a Public Issue or Private Placement, potentially in multiple series or tranches.
Leadership Appointment
The Board also approved the designation of Mr. Janak Dalal, who holds the position of Managing Director & Chief Executive Officer of Motilal Oswal Custodial Services Private Limited, as Senior Management Personnel (SMP) of the Company. This appointment is effective from October 29, 2026.
Further Disclosures
Additionally, the board approved the release of a Press Release detailing the Company’s financial performance for the quarter and half-year ended September 30, 2026. A presentation to investors and analysts regarding the Q2/H1 FY 2026-27 financial performance is also scheduled for Friday, October 30, 2026.
The Board Meeting commenced at 02:45 p.m. and concluded at 04:45 p.m.
Source: BSE
