Munoth Financial Services has granted in-principle approval to transfer and migrate its Depository Participant (DP) business operations and client accounts.

The DP segment generated a revenue of ₹317.26 (in thousands), accounting for 7.67% of total operational revenue of ₹4138.42 (in thousands) last year.

Management decided that maintaining standalone operations for this segment is no longer commercially viable due to its small revenue contribution, prompting a strategic shift to focus entirely on core business activities.

The company is actively evaluating an eligible registered entity to handle the migration, which remains subject to final agreement terms and required statutory approvals.