One Mobikwik Systems Ltd

One Mobikwik Systems Ltd has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical under the Payment and Settlement Systems Act, 2007. This approval will enable the company to expand its business in the offline merchant segment.

One MobiKwik Systems Ltd. has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator - Physical (PA-P) license. This approval enables MobiKwik to expand its offline merchant payments business across India, targeting a 10x growth by FY28. The company aims to focus on small businesses, oil & gas outlets, and organized retail, leveraging its existing network of 4.9 million merchants. MobiKwik also holds a Payment Aggregator - Online (PA-O) license through its subsidiary Zaakpay.

One Mobikwik Systems Ltd has announced the slump sale of its Lending Services Provider (LSP) business to its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited (MDSPL). The sale, approved by the Board of Directors on May 22, 2026, is subject to shareholder approval and customary conditions. The consideration will be discharged through the issuance of Non-Convertible Debentures by MDSPL to One Mobikwik, based on the book value of the LSP business's assets and liabilities. As of March 31, 2026, the book value was ₹952.21 million, representing 16.94% of the company's net worth. The sale is expected to be completed by the end of the second quarter of FY 2026-27.

One Mobikwik Systems Ltd's board approved the sale and transfer of its Lending Services Provider (LSP) business to MobiKwik Distribution Services Private Limited, a wholly-owned subsidiary, on a slump sale basis. The board also approved altering the object clause in the Memorandum of Association to include operating as a Payment Aggregator, subject to shareholder approval, to comply with RBI regulations. Additionally, the board approved a variation in the utilization of IPO proceeds and extended the time limits for their utilization. The LSP business contributed ₹2,613.75 million, representing 22.70% of the company's revenue for FY 2025-2026.

One Mobikwik Systems Ltd's board approved the sale and transfer of its Lending Services Provider (LSP) business to MobiKwik Distribution Services Private Limited (MDSPL), a wholly-owned subsidiary, on a slump sale basis. The board also approved altering the object clause in the Memorandum of Association to include operating as a Payment Aggregator, subject to shareholder approval. Additionally, the board approved a variation in the utilization of IPO proceeds and extended the time limits for their utilization. The LSP business contributed ₹2,613.75 million (22.70%) to the company's revenue and had a net worth of ₹952.21 million (16.94%) as of March 31, 2026.

One Mobikwik Systems Ltd has released the Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report confirms no deviations from the intended use of IPO proceeds of ₹572 crore. CARE Ratings declares an objective view of the utilization based on provided information and disclaims liability for any losses from its use.

One Mobikwik Systems Ltd. has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, as approved by the Board of Directors on May 12, 2026. This action is in compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The updated codes are available on the company's website.

One Mobikwik Systems Ltd (MobiKwik) reported its FY26 financial results, marking its second consecutive profitable quarter. The company's EBITDA improved by ₹742 million YoY, nearing breakeven. Q4 FY26 PAT stood at ₹44 million, a YoY upswing of ₹604 million. Contribution Profit grew 112% YoY in Q4 to ₹1,351 million. Full-year FY26 Contribution Profit grew 21% YoY to ₹4,374 million. Revenue from operations in Q4 was ₹2,887 million, up 8% YoY, with full-year FY26 total income at ₹11,542 million.

One Mobikwik Systems Ltd's Board of Directors approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, during its meeting on May 12, 2026. The results, along with audit reports, will be available on the company's website and published in newspapers as per SEBI regulations. The auditor's report confirms a true and fair view of the consolidated net loss and other comprehensive income for the year.

One Mobikwik Systems Ltd's Board of Directors approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, in a meeting held on May 12, 2026. The results, along with audit reports, will be available on the company's website and published in newspapers as per SEBI regulations. The audit report has an unmodified opinion.