One MobiKwik Systems Limited’s board of directors convened on May 22, 2026, to deliberate on strategic restructuring and regulatory compliance measures. Based on the Audit Committee's recommendations, the board approved several key proposals, including the sale of its Lending Services Provider (LSP) business and amendments to its Memorandum of Association (MOA). These decisions are contingent upon receiving the necessary approvals from the company's shareholders.

Alteration of Memorandum of Association

To comply with the Reserve Bank of India's (RBI) Master Directions on Payment Aggregators dated September 15, 2025, the board approved an amendment to the object clause of the MOA. This change aims to include the activity of operating as a Payment Aggregator – Physical Point of Sale. The company intends to apply for the Certificate of Authorisation from the RBI following this alteration.

Sale of LSP Business

The board sanctioned the slump sale of the company's LSP business, which forms part of its financial services division, to MobiKwik Distribution Services Private Limited (MDSPL). MDSPL is a wholly-owned subsidiary of the company and was formerly known as MobiKwik Credit Private Limited. The rationale for this transfer stems from a requirement by the RBI, where Mobikwik Financial Services Private Limited must transfer the LSP business to MDSPL as a pre-condition for obtaining a Certificate of Registration for NBFC Business.

Transaction Details

The LSP business contributed INR 2,613.75 million in revenue for FY 2025-2026, accounting for 22.70% of the company's standalone revenue. As of March 31, 2026, the net worth of this business stood at INR 952.21 million, representing 16.94% of the company's standalone net worth. The total consideration for the slump sale will be discharged by MDSPL through the issuance of Non-Convertible Debentures, based on the book value of assets and liabilities as of the appointed date.

The transaction is classified as a related party transaction but will be conducted at arm’s length, as the consideration is based on book value. The completion of the sale is expected by the end of the second quarter of FY 2026-27, subject to shareholder approval and customary conditions precedent. There will be no change in the shareholding pattern of the company as a result of this transaction.

Variation in IPO Proceeds

Furthermore, the board approved a variation in the objects and terms of utilization of the Initial Public Offering (IPO) proceeds, along with an extension of time limits for their utilization. The company stated that applicable disclosures regarding these changes will be made when the notice of the Postal Ballot is issued to seek shareholder approval for the aforementioned matters.

One MobiKwik Systems Limited has informed the stock exchanges that its officials will participate in a non-deal roadshow scheduled for May 28 and May 29, 2026. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meetings will be conducted in physical mode in Mumbai. The schedule includes one-to-one and group meetings with analysts and investors. The company clarified that discussions during the event will be strictly based on publicly available information.

Meeting Schedule

One MobiKwik Systems Limited stated that the dates of the meeting are subject to change due to exigencies on the part of the hosts or the company. Furthermore, the entity emphasized that no unpublished price-sensitive information is proposed to be shared during the aforesaid meet.

The information regarding this schedule has been disclosed on the company's official website. The communication was signed by Ankita Sharma, Company Secretary and Compliance Officer.