We wish to inform you that the Board of Directors of the Company at their meeting held on July 27, 2023 have considered and approved Scheme of Arrangement, subject approval of shareholders, statutory & regulatory authorities including Hon''ble National Company Law Tribunal, Mumbai Bench. Withdrawal of the Scheme of Arrangement between Motilal Oswal Financial Services Limited ('the Transferor Company' or 'the Resulting Company' or 'MOFSL' or 'the Company') and Glide Tech Investment Advisory Private Limited ('the Transferee Company' or 'Glide') (currently known as 'Motilal Oswal Broking and Distribution Limited') and Motilal Oswal Wealth Limited ('the Demerged Company' or 'MOWL!) and their respective Shareholders ('the Scheme') under Section 230 to 232 and other applicable provisions of the Companies Act, 2013 which was earlier approved by the Board at its Meeting held on July 27, 2023. (As Per BSE Announcement Dated on: 28/01/2025)