Shares of Kalyan Jewellers India Ltd and Motilal Oswal Financial Services Ltd (MOFSL) remain in concentrate on Monday early morning after the last released an information on the current social media sites messages, unconditionally refuting “the baseless, malicious, and defamatory allegations circulating on social media against MOAMC and its officials.”
Without calling any individual, MOFSL stated: “These baseless accusations are a deliberate attempt by individuals with vested interests to malign the good reputation that our firm and leadership have built over decades.”
There were reports that Motial Oswal AMC’s cash supervisors might have been paid off to stockpile onKalyan Jewellers “Baseless, malicious, and defamatory,” MOFSL stated onSunday
This was the 2nd time MOFSL highly rejected such rumours. On Thursday recently, it called the rumours”absolutely false and baseless” Shares of Kalyan Jewellers India dropped 35 percent in 2025 up until now versus a 6 percent decrease in the BSE Consumer Durables index this year.
In Kalyan Jewellers’ current revenues telephone call, whose audio telephone call was launched on January 14, the administration mentioned that no IT raids had actually been performed at its properties. It called bribery accusations as ‘unreasonable’. Ramesh Kalyanaraman, executive supervisor at Kalyan Jewellers, stated, “Very absurd allegation. We have always conducted our businesses and interactions with all stakeholders with a very high level of integrity and transparency,” Business Today reported previously.
“We urge people not to believe these baseless and unethical attempts to spread misinformation. We urge all stakeholders to rely on credible and verified sources of information. We reassure our Investors, Distributors, Shareholders and all other stakeholders that we follow highest level of compliance standards and we have full faith in our systems, processes and fund managers,” MOFSL stated.
“Our day-to-day operations are ongoing in the normal course and we stay focused on our vision and mission and keep our investors growth as paramount. MOAMC will take all necessary measures to protect its reputation and safeguard the trust and confidence placed in us by our investors and the broader community,” it included.
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