One MobiKwik Systems has officially announced the appointment of Anis Pathan as Chief Risk Officer and Senior Management Personnel, following approval from the Board of Directors in their meeting held on March 19, 2026. The appointment was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Meeting Details and Regulatory Compliance

The Board of Directors meeting commenced at 11:20 A.M. (IST) and concluded at 11:55 A.M. (IST) on March 19, 2026. The appointment was made based on recommendations from the Nomination and Remuneration Committee and Risk Management Committee, ensuring proper governance protocols were followed.

Strategic Appointment During Growth Phase

Anis joins MobiKwik at a pivotal moment as the company aggressively scales its digital payments and financial services ecosystem. This expansion is highlighted by a record-breaking quarterly GMV of ₹48,100.00 crore and a significant 3.2x year-on-year surge in UPI transactions. Beyond current business growth, the group recently secured two new licenses for payment aggregation and stock broking.

Professional Background and Expertise

Anis brings over 14 years of risk management leadership across banking, payments, microfinance, insurance and financial services in India and the Middle East. Most recently, he served as Head of Enterprise Risk Management at Oman Arab Bank, where he led credit, market, liquidity, operational, and climate risk functions and designed AI-driven risk automation systems.

Educational Qualifications and Certifications

Pathan holds strong academic credentials and professional certifications that enhance his risk management expertise, positioning him well for the challenges ahead.

Role and Leadership Vision

As Chief Risk Officer, Anis will define and lead MobiKwik Group's Enterprise Risk Management framework, overseeing a comprehensive portfolio that includes strategic, financial, operational, cyber and fraud risks. A primary focus will be strengthening the security and scalability of the group's core payments business, spanning UPI, wallet, bill payments and merchant flows, by implementing advanced monitoring and onboarding controls.

Bipin Preet Singh, Co-Founder and CEO of MobiKwik commented, "As MobiKwik evolves from a payments platform into a full-scale financial institution, enterprise risk management becomes foundational to everything we do. Anis brings deep experience across banking, enterprise risk and fraud prevention. His appointment reinforces our commitment to secure, compliant and scalable growth as we expand across payments, lending and broking."

Anis Pathan, Chief Risk Officer of MobiKwik, said, "MobiKwik's payments and financial services platform operates at a scale where enterprise risk management is not just a compliance function, it's a growth enabler. I look forward to strengthening MobiKwik Group's technology-led risk architecture to ensure a secure and frictionless experiences for millions of customers while establishing a forward-looking risk culture across the organisation."

One MobiKwik Systems Limited has completed the allotment of 71,804 equity shares to eligible employees under its Employee Stock Option Plan 2014. The Securities Allotment Committee of the Board of Directors approved this allotment in its meeting held on March 10, 2026, which concluded at 06:30 P.M (IST).

Share Allotment Details

The allotted equity shares carry a face value of ₹2 each and were issued at two different exercise prices to accommodate different employee categories:

The newly allotted equity shares under the MobiKwik Employee Stock Option Plan 2014 will rank pari passu with the existing equity shares of the company in every aspect, including dividend entitlement.

Impact on Share Capital

Following this allotment, the company's capital structure has been updated significantly:

Regulatory Compliance

The allotment was conducted in accordance with Regulation 10 of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has filed the required statement with both National Stock Exchange of India Limited (NSE) and BSE Limited, with filing numbers NSE/LIST/47623 and DCS/IPO/AK/ESOP-IP/3598/2025-26 respectively.

The distinctive numbers for the newly issued shares range from 78658459 to 78730262 (both inclusive), and they will be issued in demat form under ISIN number INE0HLU01028. The shares carry no lock-in restrictions and are immediately tradeable upon allotment.

Exercise Price Structure

The dual pricing structure reflects different grant periods under the employee stock option plan:

• ₹2 per share: Applied to 68,344 shares with no premium component
• ₹34.75 per share: Applied to 3,460 shares with a premium of ₹32.75 per share

This employee stock option exercise demonstrates the company's commitment to employee participation in its growth story while maintaining compliance with regulatory requirements.