One Mobikwik Systems will invest ₹61.85 crore across two wholly owned subsidiaries to strengthen its lending and securities broking verticals. The Treasury Committee approved the infusion of ₹60.85 crore into MobiKwik Distribution Services Private Limited (MDSPL) and ₹1 crore into MobiKwik Securities Broking Private Limited (MSBPL). These investments, finalized on July 21, 2026, follow a special resolution passed by shareholders on July 2, 2026, approving the variation in the utilization of Initial Public Offering (IPO) proceeds.

The capital infusion into MDSPL will enable the entity to function as a Lending Service Provider (LSP). The funds will be deployed to facilitate loan sourcing, distribution, and intermediary services with banks and non-banking financial companies. MDSPL, incorporated on June 1, 2018, has reported nil turnover for the past three years. The company holds a 100% stake in the subsidiary, and this transaction is classified as a related party transaction conducted at arm's length.

Simultaneously, the investment in MSBPL aims to capitalize the entity for dealing in shares, stocks, securities, and derivatives. MSBPL, incorporated on March 3, 2025, is currently in the pre-revenue stage with nil turnover for the financial year ended March 31, 2026. The subsidiary intends to acquire memberships of various stock and commodity exchanges in India and abroad. Like MDSPL, MSBPL is a wholly owned subsidiary, and the investment is an arm's length related party transaction.

Both investments will be executed in one or more tranches by August 10, 2026. The company will utilize cash consideration to subscribe to the shares of these entities. Since the target companies are already wholly owned subsidiaries, One Mobikwik Systems will continue to hold 100% of the shareholding post-acquisition. The financials of both subsidiaries will be consolidated with the parent company at the end of each financial year.

Investment Details

Subsidiary Overview

One MobiKwik Systems reported a significant financial turnaround in FY26, narrowing its EBITDA to INR -5 crores from INR -79 crores in the previous year. The company achieved positive EBITDA of INR 15 crores and INR 17 crores in Q3 and Q4 of FY26 respectively, marking a shift from four consecutive quarters of losses following its listing in December 2024. This performance signals a move towards a profitable business model, supported by the recent shareholder approval to transfer its Lending Services Provider business to a wholly-owned subsidiary.

The company received overwhelming shareholder approval to transfer the Lending Services Provider business to MobiKwik Distribution Services Private Limited, formerly known as MobiKwik Credit Private Limited, on a slump sale basis. The resolutions were passed via a remote e-voting postal ballot process that concluded on July 2, 2026. The postal ballot also sanctioned the alteration of the object clause in the Memorandum of Association and approved the variation in the objects and terms of utilisation of the Initial Public Offering proceeds, including an extension of the time limit for utilisation.

Voting Results

The scrutinizer's report confirmed that all three resolutions received the requisite majority. The variation in IPO proceeds utilisation was approved by 99.86% of the votes polled, while the other two resolutions received 99.98% approval.

Procedural Details

The remote e-voting process commenced on June 3, 2026. Devesh Kumar Vasisht of DPV & Associates LLP served as the scrutinizer. The total paid-up equity share capital of the company stood at 7,87,30,262 shares as on the cut-off date of May 29, 2026, which was also the record date for determining eligibility.