One MobiKwik Systems received shareholder approval to transfer its Lending Services Provider Business to a wholly-owned subsidiary and alter its object clauses. The resolutions were passed via a remote e-voting postal ballot process that concluded on July 2, 2026. The approval allows the company to sell the business on a slump sale basis to Mobikwik Distribution Services Private Limited, formerly known as Mobikwik Credit Private Limited.

The postal ballot sought approval for three special resolutions. The first resolution authorized the alteration of the object clause in the Memorandum of Association. The second resolution sanctioned the sale and transfer of the Lending Services Provider Business. The third resolution addressed the variation in the objects and terms of utilisation of the Initial Public Offering proceeds, along with an extension of the time limit for utilisation.

Voting Results

The scrutinizer's report confirmed that all three resolutions received the requisite majority. For the resolution regarding the alteration of the object clause, 99.98% of the votes polled were in favour. The sale of the lending business was approved with 99.98% of the votes in favour. The variation in IPO proceeds utilisation was approved by 99.86% of the votes polled, meeting the specific requirement of more than 90% shareholder approval.

Procedural Details

The remote e-voting process commenced on June 3, 2026, and concluded on July 2, 2026. Devesh Kumar Vasisht of DPV & Associates LLP served as the scrutinizer for the postal ballot. 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. The record date for determining eligibility was May 29, 2026.

one mobikwik systems will attend the Antique Fintech Conference organized by Antique Limited on June 30, 2026. The company's officials will participate in one-on-one and group meetings with analysts and investors at Trident BKC in Mumbai. The event aims to engage with stakeholders based on publicly available information.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price-sensitive information will be shared during the meeting. The schedule is subject to change due to exigencies on the part of the hosts or the company.

The details of the meeting are as follows:

Ankita Sharma, Company Secretary and Compliance Officer, signed the disclosure on behalf of One Mobikwik Systems Limited. The information will also be available on the company's website.