Motilal Oswal Financial Services Limited — Others, 13-08-2025: Action(s) taken or orders passed

Motilal Oswal Financial Services has received an adjudication order from SEBI following a joint inspection from April 2022 to October 2023. SEBI imposed a penalty of Rs. 0.11 Cr related to operational and procedural activities, including fund and security settlements, cash reporting, and technical glitch framework. The company has already taken necessary corrective steps to address these observations. The company emphasizes that this order has no material impact on its financial or operational activities, and SEBI noted no disproportionate gain or loss caused to investors.