MOS Utility Secretarial Auditor resigns effective May 18

MOS Utility Limited has announced the resignation of its Secretarial Auditor, Mr. Pranay Vaidya. The disclosure was made to the National Stock Exchange of India Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Pranay Vaidya, proprietor of Pranay Vaidya & Co., a firm of Practicing Company Secretaries, resigned from his position with effect from May 18, 2026. The resignation follows a formal communication from the auditor citing pre-occupation and other professional commitments as the reasons for discontinuing his tenure with the company for the forthcoming financial years.

Details of the Change

The company provided specific details regarding the event in an annexure to the regulatory filing. The information outlined the nature of the change and the effective date of cessation.

Details of events	Information of events
Name of Auditor	Mr. Pranay Vaidya proprietor of Pranay Vaidya & Co. Practicing Company Secretaries firm as Secretarial Auditor
Reason for change	Resignation
Date of cessation	with effect from 18 May 2026.

The resignation was formally communicated by Ravi Natvarlal Ruparelia, Managing Director of MOS Utility Limited. The company requested the exchange to place the information on its records. Mr. Vaidya expressed his gratitude to the management and the Board of Directors for the trust and support extended during his tenure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.17%	+14.57%	+2.54%	-40.17%	-95.12%	-87.64%

MOS Utility Limited has announced the formal execution of a Referral Partnership Agreement with Thomas Cook (India) Limited, effective from April 2, 2026. Under this arrangement, MOS Utility Limited will serve solely as a non-exclusive referral partner on a pan-India basis, connecting interested customers with Thomas Cook (India) Limited's foreign exchange products. The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Partnership Structure and Scope

The agreement defines a clear and limited role for MOS Utility Limited within the partnership. MOS Utility's responsibilities are strictly confined to generating leads and referring interested customers to Thomas Cook (India) Limited. All transaction-related activities — including rate quoting, KYC verification, regulatory compliance, transaction execution, and end-to-end fulfilment — remain exclusively the responsibility of Thomas Cook (India) Limited.

The key details of the partnership are outlined below:

Parameter:	Details
Agreement Type:	Referral Partnership Agreement
Effective Date:	April 2, 2026
Role of MOS Utility:	Non-exclusive Referral Partner (lead generation only)
Coverage:	Pan-India
Service Provider:	Thomas Cook (India) Limited
Regulatory Framework:	RBI, FEMA, LRS, Income Tax Act 1961, AML norms

Foreign Exchange Products Covered

The referrals generated by MOS Utility Limited will pertain to the following foreign exchange products offered by Thomas Cook (India) Limited:

Outward Remittance Services
Forex Cards (Load / Reload and related transactions)
Foreign Currency Sales and Purchases

All transactions under these product categories will be serviced, processed, and fulfilled solely by Thomas Cook (India) Limited in full compliance with the prevailing regulations of the Reserve Bank of India (RBI), the Foreign Exchange Management Act (FEMA), Liberalised Remittance Scheme (LRS) guidelines, the Income Tax Act, 1961, and applicable Anti-Money Laundering (AML) norms. MOS Utility Limited shall not conduct, accept payment for, or otherwise process any foreign exchange transaction under this arrangement.

Company Profiles

MOS Utility Limited is described as one of India's fintech organizations, offering a range of fintech and utility payment solutions for both businesses and individuals. The company's registered office is located at 12th Floor, 1201 & 1202, First Avenue, Goregaon–Mulund Link Road, Goregaon (West), Mumbai.

Thomas Cook (India) Limited is a leading integrated travel and travel-related financial services company in India, with expertise in foreign exchange, tours, and travel-related services. Its registered office is at Thomas Cook Building, Dr. D.N. Road, Fort, Mumbai – 400 001.

Spokesperson Statements

Speaking on the collaboration, a spokesperson from MOS Utility Limited stated:

"This association with Thomas Cook (India) Limited marks an important milestone in our journey of broadening the bouquet of regulated financial offerings discoverable through our pan-India agent network. Our role under this arrangement is strictly that of a referral partner — we will connect interested customers with Thomas Cook (India) Limited, while the entire foreign exchange transaction continues to be serviced and fulfilled by Thomas Cook in line with all applicable RBI and FEMA regulations."

A representative of Thomas Cook (India) Limited added:

"Our arrangement with MOS Utility Limited enables us to receive qualified customer referrals from a wide-reaching, trusted distribution network across India. Every referred customer will continue to be onboarded, serviced, and fulfilled directly by Thomas Cook (India) Limited, with the highest standards of regulatory compliance and customer experience."

Regulatory Compliance and Commitment

The agreement reflects both organizations' focus on secure operations, customer protection, regulatory compliance, and service excellence. The partnership is positioned to enhance access to regulated forex services for Indian travellers, students, and outward-remittance customers through MOS Utility's pan-India network, while Thomas Cook (India) Limited delivers the underlying services in accordance with all applicable regulations.