The Company has informed the Exchanges regarding Outcome of the Meeting of Board of Directors held on Tuesday, November 03, 2026 - Leadership Strengthening and Transitions.

November 03, 2026 BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai - 400001 Mumbai - 400051 Security Code: 532892 Symbol: MOTILALOFS Sub.: Outcome of the Board Meeting – Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Leadership Strengthening and Transitions Dear Sir/Madam, Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) (as amended from time to time), we wish to inform the Exchanges that the Board of Directors (“the Board”) of Motilal Oswal Financial Services Limited (“the Company”) at its Meeting held on i.e. Tuesday, November 03, 2026, inter alia, considered and approved/noted the following matters: A. Appointment of Mr. Vishal Tulsyan as Whole-time Director (Additional Director) of the Company The Board has approved the appointment of Mr. Vishal Tulsyan (DIN: 00139754) as an Additional Director in the capacity of Whole-time Director of the Company, with effect from a date on or before January 31, 2027, for a term of five (5) consecutive years, subject to the approval of the Shareholders of the Company and such other regulatory approvals, as may be required. He will continue to serve as the Executive Chairman of the Alternates business. B. Appointment of Mr. Padmanabh Sinha as MD & CEO of Alternates Business The Board has noted the appointment of Mr. Padmanabh Sinha as Managing Director & Chief Executive Officer (“MD & CEO”) of the Alternates business with effect from November 11, 2026. He will be designated as Senior Management Personnel (“SMP”) of the Company. C. Resignation of Mr. Ajay Menon as Whole-time Director and CEO of Wealth Management Business The Board has noted the resignation of Mr. Ajay Menon (DIN: 00024589) from the position of Whole-time Director of the Company and Chief Executive Officer of the Wealth Management business, with effect from a date on or before January 31, 2027. D. Appointment of Mr. Suresh Shukla as CEO of Wealth Management Business The Board has appointed Mr. Suresh Shukla as Chief Executive Officer of the Wealth Management business with effect from November 04, 2026. E. Appointment of Mr. Pratik Oswal as Chairman of Private Wealth Business The Board has noted the designation of Mr. Pratik Oswal, Co-Promoter and Director of the Company, as Chairman of the Private Wealth business. F. Resignation of Mr. Ashish Shankar as MD & CEO of Private Wealth Business The Board has noted the resignation of Mr. Ashish Shankar from the position of MD & CEO of the Private Wealth business and as Senior Management Personnel of the Company, with effect from a date on or before January 31, 2027. G. Appointment of Mr. Anupam Guha and Mr. Akash Hariani as MD & CEOs of Private Wealth Business The Board has noted the appointment of Mr. Anupam Guha and Mr. Akash Hariani as MD & CEOs of the Private Wealth business with effect from November 04, 2026. Both will be designated as Senior Management Personnel of the Company. The detailed Press Release titled “Motilal Oswal Financial Services Announces Leadership Strengthening & Transitions” is also enclosed herewith as Annexure I. The requisite disclosures in respect of the aforesaid appointments and resignations, including brief profiles of the appointees and resignation letters, as applicable, in accordance with Regulation 30 of the Listing Regulations read with the SEBI Master Circular dated January 30, 2026, are enclosed herewith as Annexure II. The Board Meeting commenced at 02:30 p.m. and concluded at 03:37 p.m. We request you to kindly take the above information on record. Thanking you, Yours faithfully, For Motilal Oswal Financial Services Limited Kailash Purohit Company Secretary & Compliance Officer Encl.: As above Annexure I PRESS RELEASE Motilal Oswal Financial Services Announces Leadership Strengthening & Transitions Mumbai, 03 November,2026: Motilal Oswal Financial Services Limited (MOFSL), one of India's leading diversified financial services groups, today announced a series of leadership transitions, marking an important milestone in its leadership journey. Strengthening of Leadership in MO Alternates: Mr. Vishal Tulsyan, founder of the MO Alternates platform has led the platform admirably over the last 20 years. From being an MD & CEO he was elevated to the role of Executive Chairman in 2024. Along with his home grown top leadership team, Vishal in the last 20 years has been instrumental in making MO Alts amongst the largest & most successful domestic platforms in India. Vishal is being inducted into the MOFSL board, will continue to play a key role in MOFSL strategy and guide the MO Alts leadership in its next build up phase as Executive Chairman. Given MOFS’s ambitious growth plans for the Alts platform, we are now strengthening the leadership capabilities by appointing a MD & CEO of Motilal Oswal Alternates. Mr. Padmanabh Sinha will be joining MO Alternates, as the MD & CEO and will lead the platform. Padmanabh is a seasoned private equity and alternatives leader with nearly 30 years of investing and leadership experience across India and global markets, spanning top global sovereign funds and Indian corporations as well as institutions. He is a former ED & CIO at National Investment and Infrastructure Funds (NIIF), India’s sovereign-linked alternative asset manager with $ 5 billion AUM. His previous stints have been with Tata Capital where he grew from CIO to Managing Partner of the Tata Opportunities Fund. He co-founded the India office and also worked as MD – India at Temasek, where he was responsible for ~USD 1 Bn of investments. He is an alumnus of IIM Kolkatta and BITS Pilani. Strengthening of Leadership in Retail Broking & Private Wealth Businesses: Mr. Ajay Menon, currently MD & CEO of the Wealth Management (Retail Broking) Business and Mr. Ashish Shankar, who was co-leading the Private Wealth Business will be moving on from their respective roles to jointly pursue their start up journey outside the group. In their multi-decadal journey with MOFS, both leaders have made significant contributions to the growth and evolution of the organisation. The Group places on record its sincere appreciation for their invaluable contributions and wishes them the very best for the next phase of their journey. MOFS Group has been a leadership factory and is proud to see many of its homegrown leaders leading businesses across the financial services industry over the past 30 years. The strong leadership pipeline of 150 identified high-potential leaders at MOFS Group and focus on succession planning is driving the new opportunities, appointments and elevations. Wealth Management: Suresh Shukla, currently ED & CBO of the Wealth Management Business will be taking over as the MD & CEO of the business. Suresh is a veteran in the Broking & Wealth Management industry and brings with him nearly 30 years of professional expertise spanning across Retail broking, Digital transformation, Sales and Distribution. Prior to joining MOFS, Suresh served a 25 year stint at Kotak Securities and a 3 year stint at SBI Securities with end-to-end P&L responsibility across business verticals and led a workforce of over 16,000 professionals across 180+ branches. Private Wealth Management: The Private Wealth business of MOFS Group is currently co-led by Anupam Guha and Ashish Shankar. Going forward, Anupam Guha & Akash Hariani will co-lead the PWM business as MD & CEO’s driving the private wealth franchise to the next level. Anupam Guha and Akash Hariani are industry veterans, each with nearly 30 years of experience, and have been a part of the MOFS leadership team. Both of them have been instrumental in scaling up the MOPWM franchise. Pratik Oswal, co-promoter & board member, is being de [Showing first 8,000 characters — download PDF for full document]