Motilal Oswal Home Finance Limited Shares Financial Reports

Motilal Oswal Home Finance Limited Shares

The document is a notification from Motilal Oswal Home Finance Limited to the BSE Limited, dated April 23, 2025, regarding the outcome of a Board of Directors meeting held on Wednesday, April 23, 2025. **Key Approvals and Matters Considered:** * **Audited Financial Results:** The board considered and approved the audited financial results of the company for the quarter and year ended March 31, 2025. * **Issuance of NCDs:** Approved the offer, issue, and allotment of Secured/Unsecured Redeemable Non-Convertible Debentures ("NCDs") of up to Rs. 1,500 Crore on a public/private placement basis, in one or more tranches, within the company's overall borrowing limits. **Enclosures Provided:** * **Annexure A:** Audited Financial Results for the quarter and year ended March 31, 2025, along with the Auditor's Report issued by M/s. MGB & Co. LLP, Statutory Auditors of the Company, and disclosures in compliance with Regulation 52(4) of the Listing Regulations. The Independent Auditor's Report confirms that the financial results are presented in accordance with Regulation 52 and provide a true and fair view in conformity with Indian Accounting Standards ("Ind AS"). The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the respective financial year. The predecessor audit firm had expressed an unmodified opinion on the standalone Financial Results of the Company for the quarter and year ended March 31, 2024. * **Annexure B:** Declaration in respect of the Auditor's Report with Unmodified Opinion issued by M/s. MGB & Co. LLP, Statutory Auditors of the Company, under Regulation 52(3) of the Listing Regulations. * **Annexure C:** Disclosures of Related Party Transactions for the half-year ended March 31, 2025, including transactions with Motilal Oswal Financial Services Limited and Motilal Oswal Finvest Limited relating to loans, interest, and expenses. The transactions are approved by the audit committee. * **Annexure D:** Statement indicating the utilization of the issue proceeds of non-convertible securities and a statement disclosing material deviation(s) (if any) in the use of issue proceeds of non-convertible securities from the objects of the issue for the Quarter ended March 31, 2025, duly reviewed by the Audit Committee of the Company, in accordance with Regulation 52 (7) and 52 (7A) of the Listing Regulations. This includes details regarding the amount raised and utilized for Non-Convertible Debentures issued in January and March 2025, with no deviations reported. * **Annexure E:** Certificate issued by the Statutory Auditors in accordance with Regulation 54 of the Listing Regulations, regarding the extent and nature of security created and maintained with respect to its secured listed non-convertible debt securities. MGB & Co. LLP, confirms that as at March 31, 2025, the Company has maintained security cover as per the terms of the Debenture Trust Deed. **Other Key Points:** * The company will publish the Audited Financial Results of the Company for the quarter and year ended March 31, 2025 along with the Quick Response Code for accessing the said Results in the newspaper, as per Regulation 52(8). * The above-mentioned disclosures will be uploaded on the company website as per Regulations 51 and 62. * The Board Meeting commenced at 04:30 P.M. and concluded at 07:15 P.M. **Financial Performance Highlights (Year Ended March 31, 2025):** * Total Income: ₹651.57 million * Profit Before Tax: ₹166.42 million * Profit After Tax: ₹130.26 million * Earnings Per Share: ₹0.22 * Debt-equity ratio: 2.59 * Capital to Risk Weighted Asset Ratio (CRAR): 40.81% * Gross non performing assets: 0.84% * Net non performing assets: 0.37% **Key Ratios and Compliance:** * The company has complied with all the regulations prescribed to it. * The report provides a detailed listing of several covenants such as maintenance of reserve funds, adherence to financial covenants like Capital Adequacy Ratio, and limitations on changing the nature of business or altering constitutional documents. * The company’s financial affairs are presented in great detail for both compliance with reporting regulations and covenants. **Auditor's Conclusion:** * Based on the review, the auditors have not identified any material aspects that indicate the company has not maintained the security cover as per the terms of the Debenture Trust Deed.

Motilal Oswal Home Finance Limited Shares

Singhi & Co., Chartered Accountants, have issued an Independent Auditor's Limited Review Report on the Unaudited Consolidated Financial Results of Motilal Oswal Financial Services Limited (the "Holding Company") and its subsidiaries (the "Group") for the quarter and nine months ended December 31, 2023. The report is pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Holding Company's Management is responsible for the Statement, which has been prepared in accordance with Indian Accounting Standard 34 ("Ind AS 34") and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the SEBI Regulations, 2015, as amended. The auditor's responsibility is to express a conclusion on the Statement based on their review. The review was conducted in accordance with the Standard on Review Engagements (SRE) 2410, issued by the Institute of Chartered Accountants of India. The auditor also performed procedures in accordance with the Circular issued by the SEBI under Regulation 33 (8) of the SEBI Regulations, 2015, as amended. Based on their review, nothing has come to the auditor's attention that causes them to believe that the accompanying Statement contains any material misstatement or does not disclose the information required by Regulation 33 of the Listing Regulations. **Emphasis of Matter:** Attention is drawn to Note 6 regarding the Scheme of Arrangement to restructure the business of the Company and two of its wholly owned subsidiaries w.e.f. April 1, 2023. The Holding Company has initiated the process of obtaining necessary statutory and regulatory approvals and approval of its Shareholders. **Other Matters:** The auditor did not review the interim financial results of eight subsidiaries included in the Statement, whose financial results before consolidation adjustments reflects total revenues of Rs. 27,296 Lakh and Rs. 77,475 lakhs, total net profit after tax of Rs. 8,449 lakhs and Rs. 22,092 lakhs, total comprehensive income of Rs. 10,602 lakhs and Rs.26,906 lakhs for the quarter and nine months ended December 31, 2023 respectively. The Statement includes the interim financial results of seven subsidiaries, which have not been reviewed by their auditors, whose interim financial results before consolidation adjustments reflects total revenues of Rs.610 lakhs and Rs. 1,812 lakhs, net profit after tax of Rs. 227 lakhs and Rs. 764 lakhs and total comprehensive income of Rs. 227 lakhs and Rs.764 lakhs for the quarter and nine months ended December 31, 2023 respectively. The Statement also includes the Group's share of net profit/ (loss) after tax of Rs. (25) lakhs and Rs. (1) lakh for the quarter and nine months ended December 31, 2023 respectively in respect of one associate. The report lists eighteen subsidiaries and one associate included in the Statement for the quarter and nine months ended December 31, 2023. The Statement of Consolidated Financial Results for the quarter and nine months ended 31 December 2023 shows revenue from operations of Rs. 1,78,431 lakhs for the quarter ended 31 Dec 2023 (Unaudited) compared to Rs. 1,07,552 lakhs for the quarter ended 31 Dec 2022 (Unaudited). Profit after tax stood at Rs. 66,149 lakhs for the current quarter versus Rs. 22,558 lakhs for the corresponding quarter in the previous year. The Board of Directors has declared an interim dividend of Rs. 14/- per equity share for the financial year 2023-24. The Board has also approved the Scheme of Arrangement between Motilal Oswal Financial Services Limited and Motilal Oswal Broking and Distribution Limited and Motilal Oswal Wealth Limited. The company will be issuing Non-Convertible Debentures not exceeding Rs.3,000 Crore by way of Public Issue in one or more tranches.