MOTILALOFS:The Exchange has sought clarification from Motilal Oswal Financial Services Limited with respect to announcement dated 21-May-2018, regarding " Motilal Oswal Financial Services Limited has informed the Exchange regarding Board meeting held on May 21, 2018.". On basis of above the Company is required to clarify following: 1. Details of redemption of preference shares indicating the manner of redemption (whether out of profits or out of fresh issue) and debentures.