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.

One MobiKwik Systems Limited has announced that its wholly-owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), has received approval from the Bombay Stock Exchange (BSE) to commence its stock broking business. The BSE has enabled MSBPL on its platform with effect from February 24, 2026, marking a significant milestone in the company's expansion into securities broking services.

Regulatory Approval Timeline

The securities broking subsidiary has achieved several key regulatory milestones over the past year, culminating in full operational authorization. The development timeline shows a systematic progression toward complete regulatory compliance.

Business Authorization Scope

With the latest BSE approval in place, MSBPL is now authorized to begin comprehensive broking operations on the BSE platform. The subsidiary can carry out activities including buying, selling, dealing, clearing and settlement of equity trades. This authorization represents the completion of key regulatory steps required for the subsidiary to operationalize its stock broking business.

The company has maintained full regulatory compliance throughout the development process, with all intimations filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Commentary

Commenting on the development, Upasana Taku, Executive Director, Co-founder & CFO of MobiKwik, stated that the BSE approval represents "a pivotal step in MobiKwik's evolution into a scaled financial services platform." She highlighted India's incredible growth in retail investor participation and expressed confidence that the platform can help demystify investing for users taking their first steps into the markets.

Strategic Expansion into Financial Services

This development represents One MobiKwik Systems' strategic expansion into the securities broking sector through its dedicated subsidiary structure. The company, which serves 186.60 million registered users and 4.79 million merchants, has been expanding its financial product distribution beyond traditional payment services.

According to the RedSeer Report, MobiKwik holds the fourth-highest user base in India by total registered users and maintains an 18.00% market share of the PPI wallet gross transaction value as of December 2025. The stock broking approval enables the company to leverage this extensive user base for securities services.