Motilal Oswal Financial Services Limited — Others, 20-03-2025: Action(s) taken or orders passed

Motilal Oswal Financial Services has announced a board meeting to discuss a recent SEBI investigation concerning trade recommendations made by Mr. Hemant Ghai and trades executed by his relatives from January 1, 2019, to March 31, 2020. SEBI has imposed a penalty of ₹5 lakh on the company due to lapses by an Authorized Person in executing client trades. The company has taken corrective action and confirms that this order does not materially impact its financial or operational activities. Investors may view this as a manageable setback, with a positive outlook on governance moving forward.