Motilal Oswal Financial Services Limited — Others, 26-06-2025: Statement of value for Debt Service Reserve Account or any other form of security offered

Motilal Oswal Financial Services Limited has certified receivables of Rs. 5,719 Cr, hypothecated as security for its non-convertible debentures (NCDs) worth Rs. 1,170 Cr. Of these, Rs. 1,841 Cr of receivables are unencumbered, supporting a security cover of 1.23 times on outstanding debt. The loans underlying these receivables are standard with no defaults reported. Cash and equivalents stand strong at Rs. 4,783 Cr. The overall asset cover includes margin trading loans carried at book value due to valuation challenges. This robust security position strengthens creditor confidence in the company’s debt servicing ability.