Interim report
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ONE MOBIKWIK SYSTEMS LIMITED Registered Office: Unit No. 102, 1st Floor, Block-B, Pegasus One, Golf Course Road, Sector-53, Gurugram, Haryana-122003, India. Ph: +91 (124) 490-3344 | CIN: L64201HR2008PLC053766 | www.mobikwik.com | cs@mobikwik.com Date: November 02, 2026 To, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai – 400 051 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Symbol: MOBIKWIK Scrip Code: 544305 Sub: Outcome of Board Meeting held on November 02, 2026 Dear Sir/Madam, Pursuant to Regulation 30, 33 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Monday, November 02, 2026 , which commenced at 12:05 p.m. (IST) and concluded at 01:00 p.m. (IST) , has inter-alia considered and approved the unaudited financial results (standalone and consolidated) of the Company for the quarter and half year ended September 30, 2026 (“Financial Results” ) and noted the Limited Review Report issued by the Statutory Auditor on Financial Results. Financial results along with the limited review report are enclosed herewith as Annexure-A. The aforesaid information will also be hosted on the Company's website at https://www.mobikwik.com/ir/stock-exchange-submission/FY2026-27. We request you to take the above on record. Thanking you, For One MobiKwik Systems Limited Ankita Sharma Company Secretary and Compliance Officer Membership No.: A37518 Encl: A/a
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Annexure-A BS Rand Co Chartered Accountants Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India Tel: +91 124 719 1000 Fax: +91 124 235 8613 Limited Review Report on unaudited consolidated financial results of ONE MOBIKWIK SYSTEMS LIMITED for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of ONE MOBIKWIK SYSTEMS LIMITED 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of ONE MOBIKWIK SYSTEMS LIMITED (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting'' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities mentioned in Annexure I to the Statement: 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The Statement includes the interim financial information of four Subsidiaries which have not been reviewed, whose interim financial information reflects total assets (before consolidation adjustments) of Rs. 194.95 million as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs. 4.45 million and Rs. 9.37 million, total net loss after tax (before consolidation adjustments) of Rs. 3.65 million and Rs. 8.32 million and total comprehensive loss (before consolidation adjustments) of Rs. 3.95 million and Rs. 8.78 million, for the quarter ended 30 September 2026 and for the period from 01 April 2026 to 30 September 2026 respectively, and cash outflows (net) (before consolidation adjustments) of Rs. 4.76 million for the period from 01 April 2026 to 30 September 2026. as considered in the Statement. According to the information and explanations given to us by the Parent's management, these interim financial information are not material to the Group. Principal Office: 14th Floor, Central B VVing and North C Wing, Nasca IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 3
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BS Rand Co Limited Review Report (Continued) ONE MOBIKWIK SYSTEMS LIMITED Our conclusion is not modified in respect of this matter. Gurugram 02 November 2026 For B S R and Co Chartered Accountants Firm's Registration No.:128510W Girish Arora Partner Membership No.: 098652 UDIN:26098652OHJT JL6301 Page 2 of 3
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BS Rand Co Limited Review Report (Continued) ONE MOBIKWIK SYSTEMS LIMITED Annexure I List of entities included in unaudited consolidated financial results. Sr. No Name of component Relationship 1. ONE MOBIKWIK SYSTEMS UMITED Parent 2. Zaak ePayment Services Private Limited Wholly Owned Subsidiary 3. Mobikwik Fintech Services Private Limited (formerly Wholly Owned Subsidiary know as MobiKwik Finance Private Limited) 4. Mobikwik Investment Adviser Private Limited Wholly Owned Subsidiary (formerly known as Harvest Fintech Private Limited) 5. Mobikwik Distribution Services Private Limited Wholly Owned Subsidiary (Mobikwik Credit Private Limited) 6. Mobikwik Securities Broking Private Limited Wholly Owned Subsidiary 7. Mobikwik Financial Services Private Limited Wholly Owned Subsidiary Page 3 of 3
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ONE MOBIKWIK SYSTEMS LIMITED Statement of Unaudited Consolidated Flnanclal Results for the quarter and half year ended 30 September 2026 ("Statement") (Amounts In INR millions , unless otherwise stated) Quarter ended Half-year ended 30 September 30 June 30 September 30 September 30 September Particulars 2026 2026 2025 2026 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Income ' Revenue from operations 2,957 .02 2,814 .81 2,702.11 5,771.83 5,415 .74 Other Income 70.62 76.72 91.16 147.34 193.69 Total Income 3,027.64 2,891.53 2,793.27 5,919.17 5,609.43 Expenses Payment processing charges 1,194 .73 1,173.54 1,339 .12 2,368.27 2,766.94 Lending operational expenses 15.21 17.59 127.81 32.80 419.63 Financial guarantee expenses 283.09 283.31 228 .85 566.40 442.73 Employee benefits expense 561.88 533 .96 353 .48 1,095.84 773.03 Other expenses 745.93 725.38 807 .77 l 471.31 l 582.87 Total expenses 2,800.84 2,733.78 2,857.03 5,534.62 5,985.20 Earnings before finance cost, depreciation, 226.80 157.75 (63.76) 384.55 (375.77) amortisation and tax (E8ITDA) Finance costs 65.02 45.36 72.06 110.38 150.33 Depreciation and amortisation expense 43 .07 35.94 31.67 79.01 60.24 Proflt/(Loss) before exceptional Items 118.71 76.45 (167.49) 195.16 (586.34) and tax for the period/year Exceptional Items (refer note 5 & 6) - - 118.30 - 118.30 Profit/ (Loss) before tax for the period/year 118.71 76.45 (285.79) 195.16 (704.64) Tax expense Current tax 0.39 0.29 0.36 0.68 0.71 Total tax expense 0.39 0.29 0.36 0.68 0.71 Proflt/(Loss) for the period/ year 118.32 76.16 (286.15) 194.48 (705.35) Other comprehensive Income (OCI) Items that will not be reclassified subsequently to profit or loss: Remeasurement of net defined benefit liability 1.96 (3.51) (3.05) (1.55) (4.41) Fair value changes on equity Investments through OCI 5.95 - - 5.95 7.18 Income tax relating to Item that will not be reclassified to profit and loss - - - - - Other comprehensive Income/Closs) - 7.91 (3.51) (3.05) 4.40 2.77 for the period/year Total comprehensive income/(loss) 126.23 72.65 for the period/ year (289.20) 198.88 (702.58) Paid-up equity share capital 157.49 157.49 157.32 157.49 157.32 (face value of INR 2 per share) Other equity Eamings/(Loss) per equity share (EP5) (face value of INR 2 per share)*: (i) Basic 0.75 0.97 (3 .67) 1.23 (9 .05) (Ii) DIiuted 0.75 0.97 (3.67) 1.23 (9 .05) * EPS Is not annualised for the quarter and half-year ended 30 September 2026, 30 September 2025 and 30 June 2026 . Year ended 31 March 2026 Audited 11,192.32 349.63 11,541.95 5,250 .85 450.93 1,010 .98 1,648.89 3 232.24 11,593.89 (51.94) 273.64. 137.83 (463.41) 155.94 (619.35) 1.66 1.66· (621.01) (1.09) 28.70 - 27.61 (593.40) 157.47 5,231.49 (7.93) (7 .93)
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ONE MOBIKWIK SYSTEMS LIMITED Statement of Unaudited Consolidated Balance Sheet as at 30 September 2026 (Amounts in INR millions, unless otherwise stated) Particulars Assets Non-current assets Property, plant and equipment Right-of-use assets Other intangible assets Financial assets (i) Investments (ii) Other financial assets Other tax assets (net) Other non-current assets Total non-current assets Current assets Financial assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than (ii) above (iv) Other financial assets Other current assets Total current assets Total assets Equity and liabilities Equity Equity share capital Other equity Total equity Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities (ii) Other financial liabilities Provisions Total non-current liabilities Current liabilities Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises (b) Total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities Other current liabilities Provisions Total current liabilities Total liabilities Total equity and liabilities As at 30 September 2026 Unaudited 114.46 92 .09 10.02 95.69 125.92 147.86 858.26 1,444.30 1,576.72 2,960.86 6,925.57 2,198 .63 721.47 14,383.25 15 827.55 157.49 5,505.06 5,662.55 32.43 7.58 62.22 102.23 3,487 .01 75.83 63.04 731.37 5,437.39 178.94 89.19 10,062.77 10,165.00 15,827.55 As at 31 March 2026 Audited 95.96 126.47 11.22 89 .74 62.54 217 .20 859 .07 1,462.20 730.76 2,391.35 6,540.00 2,133.72 827.65 12,623.48 14,085.68 157.47 5,231.49 5,388.96 70.82 2.78 60.14 133.74 2,611.68 77 .05 72.06 902.72 4,633.27 195.58 70.62 · 8,562.98 8,696.72 14,085.68
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ONE MOBIKWIK SYSTEMS LIMITED Statement of Unaudited Consolidated Cash Flows for the half-year ended 30 September 2026 (Amounts in INR millions, unless otherwise stated) Particulars Cash flow from operating activities Proflt/(Loss) before tax Adjustments for : Depreciation of property, plant and equipment Amortisation of intangible assets Depreciation of right -of-use asset Gain on sale of property, plant and equipment Interest income Exceptional items Provision for doubtful advances Employee stock options expense - equity settled Gain on modification of lease liability Finance costs Impairment loss on trade receivables Interest on income tax refund Operating proflt/(loss) before working capital changes Working capital adjustments : (Increase) In Trade receivables (Increase) in Other financial assets Decrease/(Increase) in Other assets (Increase) In Other bank balances (Escrow and Nodal accounts) Increase In Other financial liabilities (Decrease) in Trade payables (Decrease)/Increase in Other liabilities Increase in Provisions Cash used In operating activities Income tax refund/(paid), net Net cash used In operating activities cash flow from Investing activities Purchase of property, plant and equipment Proceeds from sale of propert-,:, plant and equipment Interest received on bank deposits Investments in bank deposits Proceeds from maturity of bank deposits Net cash generated from Investing activities cash flow from financing activities Proceeds from issues of equity shares Proceeds from borrowings Repayment of borrowings Repayment of non-convertible debenture Payment of lease liabilities Interest and other borrowing cost Net cash generated from financing activities Net lncrease/(decrease) In cash and cash equivalents Cash and cash equivalents at the beginning of the period cash and cash equivalents at the end of the period Cash and cash equivalents as per above comprises of following : Cash and cash equivalents Less: Bank overdra~ Half-year ended 30 September 2026 Unaudited 195 .16 42.58 1.20 35.23 (0.53) (132.40) 6.40 35.58 (3 .20) 110.38 7.77 (10.17) 288.00 (853.73) (97.55) 106 .99 (467.72) 822 .86 (141.52) (16.64) 19.10 (340.21) 78.83 (261.38) (61.20) 0.65 131.53 (2,859.16) 2 890.96 102.78 0.30 42,086.42 (41,725 .79) (43.41) 1103.901 213.62 55.02 1,140.63 1-195.65 2,960.86 (1,765 .21) 30 September 2025 Unaudited (704 .64) 25.57 34.67 (0.63) (186 .55) 118.30 33.88 28.58 150 .33 1.08 (499.41) (553.26) {1,103.34) (3.18) {214 .79) 572.14 (45 .56) 29.14 7.45 (1,810.81) (27 .26) (1,838.07) (32 .03) 2.45 185.83 {4,995.00) 4 918.86 80.11 22 .17 16,051.05 (15,342 .00) (230 .77) ( 41.65) 1138.93 ' 319.87 (1,438.09) 1,121.83 (316.26' 1,372.27 (1,688.53) Cash balance for the purposes of consolidated statement of cash flows /4 ~ 1,195.65 (316.26) /-.J-~;:·~r-"--:::~ ~~ ,(9~'\~~;;;;~==========1
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ONE MOBIKWIK SYSTEMS UMITED Notes to the Unaudited Consolidated Flnanclal Results (Amounts In INR millions, unless otherwise stated) 1 These unaudited consolidated financial results of ONE MOBIKWIK SYSTEMS LIMITED ("the Company") and Its subsidiaries (together referred to as "the Group") have been prepared In accordance with Indian Accounting Standards ('Ind AS') prescribed under Section 133 or the Companies Act, 2013 along with the relevant rules Issued thereunder and other accounting principles generally accepted In India and In terms of Regulation 33 or the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2 The above unaudited consolidated financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 02 November 2026. The statutory auditors have carried out an limited review of the unaudited consolidated financial results of the quarter and half-year ended 30 September 2026. 3 The Company was Incorporated on 20 March 2008 and completed an Initial public offering (!PO) In December 2024 comprising fresh Issue of 2,05,01,792 equity shares with a face value of INR 2 each at an Issue price of INR 279 per share. The equity shares of the Company got listed on BSE Limited (BSE) and National stock Exchange of India Limited (NSE) on 18 December 2024. The Company has received an amount or INR 5,344.30 million (net of IPO expenses of INR 375.57 million) , as proceeds of fresh Issue of equity shares. out of total !PO expenses, INR 351.55 million (net or taxes) has been adjusted to securities premium. The amount of !PO expense have been revised during the period, as the actual !PO expenses Incurred were lower than orlglnally estimated , correspondingly Increasing the net proceeds available for utilisation. Further, there has been a change In allocation among the objects of the Issue as approved by the shareholders through Postal Ballot, the results of which were declared on 02 July 2026. The utilisation of the net IPO proceeds as on 30 September 2026 are summarised below: 1 Amounts In INR millions ) S.No. Objects of the Issue Orlglnal Net IPO Revised Net IPO Utlllsatlon of net IPO Unutlllsed net IPO proceeds to be proceeds to be proceeds upto proceeds as on utlllsed as per utlllsed (A)* 30 September 2026 30 September 2026 prospectus (B) (A•B) 1 Funding organic growth In our financial services business 1,500 .00 891.50 891.50 Revised 1 Investment In MoblKwlk Distribution Services Private Limited 608.50 608.50 (Formerly known as MoblKwlk Credit Private Limited) (MDSPL), wholly-owned subsidiary of the Company to operate as a Lendlna Service Provider /"LSP"l ** 2 Funding organic growth In our payment services business *** 1,350.00 1,686.50 1,408 .90 277.60 3 Research and development In data, ML and AI and product and 1,070.00 1,070.00 1,051.50 18.50 technology 4 Capital expenditure for our payment devices business *** 702.85 366.40 211.50 154.90 5 General corporate purposes 682.32 721.44 682.32 39.12 Net Proceeds S,305.17 5,344.34 4,854.22 490.12 * Pursuant ta the Special Resolution passed by the shareholders of the Company through Postal Ballot (remote e-votlng concluding on 02 July 2026), the Campany has revised the objects of the ls.sue as stated In the Prospectus. The unutlllsed amount of IPO expense of INR 39.10 million (!PO expense revised to INR 375.57 million from orlgnal !PO Expense INR 414.83 million) has been adjusted to the net !PO proceeds, thereby Increasing It from INR 5,305.17 million to INR 5,344.30 million, and earmarked for general corporate purposes. Also the tlmellne of the revised Object 1 and 3 has been extended upto 31 March 2027. ** As per the revised objects, an amount or INR 608.50 million has been reallocated from "Funding organic growth In our financial services business" towards "Investment in MoblKwlk Distribution Services Private Limited (Formerly known as MoblKwlk Credit Private Limited) (MDSPL), wholly -owned subsidiary of the Company to operate as a Lending Service Provider ("LSPj" through equity. *** Further, an amount of INR 336.50 million has been reallocated from Object 4 "Capital expenditure for our payment devices business" to Object 2 "Funding organic growth In our payment services business• to grow Its offllne merchant business. 4 During the quarter ended 30 September 2026, the Company has granted 48,000 stock options under the MoblKwlk Employee Stock Option Plan 2014, as approved by the Board at Directors, to the eligible employees of the Company and Its subsidiaries. Further, no stock options were exercised (alloted) during the quarter ended 30 September 2026. 5 During the year ended 31 March 2026, the Company flied a First Information Report (F.I.R.) on 13 September 2025, wherein It was alleged that certain registered merchants and users, prlmarlly located In the Nuh and Mewat regions of Haryana, colluded to exploit a technical bug In the Company's application. It Is further alleged that these merchants fraudulently dalmed unauthorized settlements totaling INR 403.59 million from the Company, thereby gaining an unfair financial advantage and causing wrongful loss to the Company. As of 31 March 2026, the Company has successfully recovered INR 276.02 million, which has been credited to Its bank accounts. Additionally , INR 9.26 million remains secured through merchant affidavits and court order, which the Company expects to recover In due course. The Company Is actively pursuing the recovery ar the remaining balance of INR 118.31 mllllon , on which the Company has recognized expense far Expected Credit Loss and presented as ·exceptional Items• In the quarter ended 30 September 2025. 6 With effect from 21 November 2025, the Government of India notified the Code on Social Security, 2020, the Occupational Safety, Health and Working Conditions Code, 2020, the Industrial Relations Cade, 2020, and the Code on Wages, 2019 (collectively, the "New Labour Codes"), which consolldate and replace the existing central labour laws. In addition, several State Governments have Issued state-specific legislations pursuant to the Labour Codes. The Company has evaluated the overall Impact at the new labour code and considered the Impact of past service cost under exceptional Items amounting to INR 20.08 mllllon for gratuity and INR 15.33 million tor leave provisions In the year ended 31 March 2026. 7 During the period ended September 30, 2026, the Company transferred Its Lending Service Provider (LSP) business undertaking ("Undertaking") to Its wholly-owned subsidiary, MoblKwlk Distribution Services Private Limited (formerly known as MoblKwlk Credit Private Limited), on a slump sale basis, pursuant to the Business Transfer Agreement dated May 22, 2026, with effect from August 18, 2026. The transfer was effected on a going concern basis as a "slump sale", as defined under the applicable provisions of the Income -tax Act, 1961. The consideration for the transfer was INR 1471.08 million and was fully discharged by MoblKwlk Distribution Services Private Limited (formerly known as MoblKwlk Credit Private Limited) through the Issuance of non-convertible debentures (NCDs) to the Company. Considering the transaction to be within the Group, this has not been disclosed as discontinued operations. 8 The Group operates In a single operating segment only which Is financial and payment services. Hence, no separate disclosure Is required for segments. 9 The unaudited consolidated financial results for the quarter and half-year ended 30 September 2026 are also being made available on the Stock Exchange websites www.bselndla.com and www.nselndla.com and on the Company's website: www.moblkwlk.com/lr . Place: Gurugram Date : 02 November 2026 For and on behalf of the Board or Directors or ONI! MOBIKWIK SYSTEMS LI ITED Upasana R Whole-time rector & Chief Financial Officer DIN:02979387
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BS Rand Co Chartered Accountants Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India Tel: +91 124 719 1000 Fax: +911242358613 Limited Review Report on unaudited standalone financial results of ONE MOBIKWIK SYSTEMS LIMITED for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of ONE MOBIKWIK SYSTEMS LIMITED 1. We have reviewed the accompanying Statement of unaudited standalone financial results of ONE MOBIKWIK SYSTEMS LIMITED (hereinafter referred to as "the Company") for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 ("the Statement"). 2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Gurugram 02 November 2026 Principal Office: For B S R and Co Chartered Accountants Firm's Registration No.:128510W Girish Arora Partner Membership No.: 098652 UDI N :260986520QSVOX8727 14th Floor, Cenlral 8 Wing and North C VVing, Nesco IT Park 4, Nesco Cenler, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 1
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ONE MOBIKWIK SYSTEMS LIMITED Statement of Unaudited Standalone Flnanclal Results for the quarter and half-year ended 30 September 2026 ("Statement") (Amounts in INR millions, unless otherwise stated) Quarter ended Half year ended 30 September I 30 lune I 30 September 30 September I 30 September Particulars 2026 2026 2025 2026 2025 Unaudited I Unaudited I Unaudited Unaudited I Unaudited Income Revenue from operations 2,048 .30 2,008 .27 2,070 .75 4,056 .57 4,186 .03 Other income 216.98 75.78 99.04 292 .76 219 .95 Total Income 2,265.28 2,084.05 2,169.79 4,349.33 4,405.98 Expenses Payment processing charges 1,193 .59 1,140.37 1,339.27 2,333 .96 2,766 .60 Employee benefits expense 396.45 372.25 260.09 768.70 575.91 Other expenses 523.60 512.00 559.17 1,035.60 1,106.34 Total expenses 2,113.64 2,024.62 2,158.53 4,138.26 4,448.85 Earnings before finance cost, depreciation, 151.64 59.43 11.26 211.07 (42.87) amortisation and tax (EBITDA) Finance costs 64.86 45.88 81.07 110.74 168.85 Depreciation and amortisation expense 33.55 25.95 24.44 59.50 46.84 Proflt/(Loss) before exceptlonal Items and 53.23 (12.40) (94.25) 40.83 (258.56) tax for period/year Exceptional items (refer note 5 & 6) - - 118.30 - 118.30 Proflt/(Loss) before tax for the period/year 53.23 (12.40) (212.55) 40.83 (376.86) Tax expense Current tax - - - - - Total tax expense - - - - - Proflt/(Loss) from continuing operations for 53.23 (12.40) (212.55) 40.83 (376.86) the period/year (A) Proflt/(Loss) from discontinued operations before tax for the period/year 93.73 94.73 (57.27) 188.46 (291.25) Tax expense for discontinued operations - - - - - Proflt/(Loss) from discontinued operations after tax for the period/year (B) 93.73 94.73 (57.27) 188.46 (291.25) ( refer note 7) Proflt/(Loss) for the period/year (A)+(B) 146.96 82.33 (269.82) 229.29 (668 .11) Other comprehensive Income (OCI) Items that will not be reclasslfled subsequently to proflt or loss: Remeasurement of net defined benefit liability 2.14 (3.50) (3.02) (1.36) (4 .34) Fair value changes on equity Investments through OCI 5.95 - - 5.95 7.18 Income tax relating to Item that will not be reclassified to Profit and loss - - - - Other compiehenslve lncome/(loss) for the 8.09 (3.50) period/year (3.02) 4.59 2.84 Total comprehensive lncome/(loss) for the 155.05 78.83 period/year (272.84) 233.88 (665.27) Paid-up equity share capital 157.49 157.49 157.33 (face value of INR 2 per share) 157.49 157.33 Other equity Eamlngs/(Loss) per equity idlare (EPS) from continuing operations (face value of INR 2 per share)• : (i) Basic 0.68 (0 .16) (2. 73) 0.52 (4.83) {ii) Diluted 0.68 (0 .16) (2 .73) 0.52 (4 .83) Eamlngs/(Loss) per equity share (EPS) from discontinued operations (face value of INR 2 per share)• : (I) Basic 1.19 1.20 (0 .73) 2.39 (3 .74) (Ii) Diluted 1.19 1.20 (0 .73) 2.39 (3.74) Earnlngs/(LDH) per equity share (EPS) from continuing operations and discontinued operations (face value of INR 2 per .share)•: (I) Basic 1.87 1.05 (3.46) 2.91 (8.57) (II) Diluted 1.87 1.04 (3.46) 2.91 (8.57) * EPS Is not annualised for the quarter and half-year ended 30 September 2026 and 30 September 2025 and quarter ended 30 June 2026. Year ended 31 March 2026 Audited 8,452.01 399.47 8,851.48 5,205 .13 1,205 .54 2,160 .07 8,570.74 280.74 307.59 104.69 (131.54) 145.20 (276.74) - - (276.74) (264.80) - (264.80) (541.54) (1.06) 28.70 - 27.64 (513.90) 157.47 5,464 .12 (3.53) (3.53) (3.38) (3 .38) (6.92) (6.92)
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ONE MOBIKWIK SYSTEMS LIMITED Statement of Unaudited Standalone Balance Sheet as at 30 September 2026 (Amounts in INR millions, unless otherwise stated) Particulars Assets Non-current assets Property, plant and equipment Right-of-use assets Other intangible assets Financial assets (i) Investments (ii) Other financial assets Other tax assets (net) Other non-current assets Total non-current assets Current assets Financial assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than (ii) above (iv) Loans (v) Other financial assets Other current assets Total current assets Total assets Equity and liabilities Equity Equity share capital Other equity Total equity Liabilities Non-current liabilities Financial liabilities (i) Lease liabilities (ii) Other financial liabilities Provisions Total non-current liabilities Current liabilities Financial liabilities (i) Borrowings (ii) Lease liabilities Trade payables (a) Total outstanding dues of micro enterprises and small enterprises (b) total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Other financial liabilities Other current liabilities Provisions Total current liabilities Total liabilities Total equity and liabilities As at 30 September 2026 Unaudited 114.37 83.61 - 2,923.42 98.06 103.11 853.94 4,176.51 124.45 2,520.19 4,636.32 30.00 2,056.76 663.60 10,031.32 14,207.83 157.49 5,771.69 5,929.18 30.53 7.23 49.73 87.49 3,512.01 69.27 32.01 526.22 3,901.42 78.50 71.73 8,191.16 8,278.65 14,207.83 As at 31 March 2026 Audited 95.87 126.47 11.22 826.85 51.45 120.13 854.72 2,086.71 722.10 2,319.80 5,953.10 - 2,108.76 786.46 11,890.22 13,976.93 157.47 5,464.12 5,.621~59 ,- 70.82 2.7_7 55.50 129;09 2,665.68 77.05 -- - 55;2a 848.05 · 4,310.74 191.81 66.64 8,226.25 8,355.34 13,976,93
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ONE MOBIKWIK SYSTEMS LIMITED Statement of Unaudited Standalone Cash Flows for the half year ended 30 September 2026 (Amounts In INR millions, unless otherwise stated) Half-year ended Particulars 30 September 2026 30 September 2025 Cash flow from operating activities Proflt/{Loss) before tax from continuing operations Proflt/{Loss) before tax from discontinued operations Adjustments for : Depreciation of property, plant and equipment Amortisation of intangible assets Gain on sale of property, plant and equipment Depreciation of right-of-use assets Interest income Exceptional items Provision for doubtful advances Employee stock options expense - equity settled Finance costs Impairment loss on trade receivables Interest on income tax refund Gain on modification of lease liability Operating proflt/{loss) before working capital changes Working capital adjustments : (Increase) in Trade receivables (Increase) in Other financial assets Decrease/(Increase) in Other assets (Increase)/Decrease in Other bank balances (Escrow and Nodal accounts) Increase in Other. financial liabilities (Decrease) in Trade payables (Decrease}/lncrease in Other liabilities (Decrease)/Increase in Provisions Cash used In operating activities Income tax refund/(paid), net Net cash used In operating activities {A) Cash flow from Investing activities Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Investment in subsidiaries Interest received Investments in bank deposits Proceeds from matur ity of bank deposits Net cash {used ln)/generated from Investing activities {B) Cash flow from financing activities Proceeds from issue of equity shares Proceeds from borrowings Repayment of borrowings Loan given to related party Repayment received against loan to related parties Repayment of non-convertible debenture Payment of lease liabilities Interest and other borrowing cost Net cash generated from financing activities {C) Net {decrease) In cash and cash equivalents {A+B+C) Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the period Cash and cash equivalents as per above comprises of following : Cash and cash equivalents Less: Bank overdraft Cash balance for the purposes of Standalone Statement of Cash Flows Unaudited Unaudited 40.83 (376.86) 188.46 (291.25) 42.59 25 .57 0.91 - (0.53) (0 .63) 34.11 34 .67 (119.56) (184 .03) - 118.30 6.40 33.88 30.83 30.54 112.20 171.04 2.04 1.08 (5. 70) - (3.20) - 329.38 (437.69) (667 .74) (553.59) (470 .12) (1,333.45) 122 .84 (0.98) (75.39) 75.22 658.00 519.93 (94.02) (54 .25) (110.89) 30.77 (2.04) 6.66 (309.98) {1,747.38) 22 .72 (17.89 ) (287.26) {1,765.27) (61.20) (32.03) 0.65 2.45 (618 .33) (20.10) 117.49 183 .31 (1,174.27) (4,995 .00) 1 554.77 4 ,920.12 (180.89) 58.75 0.30 22.19 42,086.62 16,051.05 (41,754 .79) (15,402.00) (394.49) - 364.49 - - (230.77) (42.21) (41.65) /105 .87) (159.64 : 154.05 239.18 (314.101 (1,467.34) 1,069.08 1,073.20 754.98 (394.14 ] 2,520.19 1,294.39 1 765 .21 1 688.53 754.98 (394.14)
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ONE MOBIKWIK SYSTEMS UMITED Notes to the Unaudited Standalone Financial Results (Amounts In INR millions, unless otherwise stated) 1. These unaudited standalone financial results of ONE MOBIKWIK SYSTEMS LIMITED ("the Company") has been prepared In accordance with ln.dlan Accounting Standards ('Ind AS') prescribed under Section 133 of the Companies Act, 2013 along with the relevant rules Issued thereunder and other accounting principles generally accepted In India and In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. The above unaudited standalone financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 02 November 2026. The statutory auditors have carried out a limited review of the unaudited standalone financial results of the quarter and half-year ended 30 September 2026. 3. The Company was Incorporated on 20 March 2008 and completed an Initial public offering (IPO) In December 2024 comprising fresh Issue of 2,05,01,792 equity shares with a face value of INR 2 each at an Issue price of INR 279 per share. The equity shares of the Company got listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on 18 December 2024. The Company has received an amount of INR 5,344.30 million (net of IPO expenses of INR 375.57 million) , as proceeds of fresh issue of equity shares. Out of total IPO expenses, INR 351.55 million (net of taxes) has been adjusted to securities premium. The amount of IPO expense have been revised during the period, as the actual IPO expenses Incurred were lower than originally estimated, correspondingly Increasing the net proceeds available for utilisation. Further, there has been a change In allocation among the objects of the Issue as approved by the shareholders through Postal Ballot, the results of which were declared on 02 July 2026. The utilisation of the net IPO proceeds as on 30 September 2026 are summarised below: (Amounts in INR millions) S.No. Objects of the issue Original Net Revised Net IPO Utlllsatlon of Unutllised net IPO proceeds to proceeds to be netIPO IPO proceeds as be utilised as utilised* proceeds upto on per prospectus 30 September 30 September {A) 2026 2026 (B) (A-B) 1 • Funding organic growth in our financial services business 1,500.00 891.50 891.50 - Revised 1 Investment in MobiKwik Distribution Services Private Limited - 608.50 608.50 - (Formerly known as MoblKwlk Credit Private Limited) (MDSPL), wholly-owned subsidiary of the Company to operate as a Lending Service Provider rLSP"l** 2 Funding organic growth in our payment services business *** 1,350.00 1,686.50 1,408.90 277.60 3 Research and development In data, ML and Al and product and 1,070.00 1,070.00 1,051.50 18.50 technology 4 Capital expenditure for our payment devices business *** 702.85 366.40 211.50 154.90 5 General corporate purposes 682.32 721.44 682.32 39.12 Net Proceeds 5,305.17 5,344.34 4,854.22 490.12 * Pursuant to the Special Resolution passed by the shareholders of the Company through Postal Ballot (remote e-voting concluding on 02 July 2026), the Company has revised the objects of the Issue as stated In the Prospectus. The unutllised amount of IPO expense of INR 39.10 million (IPO expense revised to INR 375.57 million from orignal IPO Expense INR 414.83 million) has been adjusted to the net IPO proceeds, thereby Increasing it from INR 5,305 .17 million to INR 5,344.30 million, and earmarked for general corporate purposes. Also the tlmellne of the revised Object 1 and 3 has been extended upto 31 March 2027. ** As per the revised objects, an amount of INR 608.50 million has been reallocated from "Funding organic growth in our financial services business" towards "Investment in MoblKwlk Distribution Services Private Limited (Formerly known as MobiKwik Credit Private Limited) (MDSPL), who.lly-owned subsidiary of the Company to operate as a Lending Service Provider ("LSP")" 'through equity. *** Further, an amount of INR 336.50 million has been reallocated from Object 4 "Capital expenditure for our payment devices business" to Object 2 "Funding organic growth In our payment services business" to grow Its offline merchant business. 4. During the quarter ended 30 September 2026, the Company has granted 48,000 stock options under the MoblKwlk Employee Stock Option Plan 2014, as approved by the Board of Directors, to the eligible employees of the Company and Its subsidiaries. Further, no stock options were exercised (alloted) during the quarter ended 30 September 2026. 5. During the year ended 31 March 2026, the Company filed a First Information Report (F.1.R.) on 13 September 2025, wherein It was alleged that certain registered merchants and users, primarily located In the Nuh and Mewat regions of Haryana, colluded to exploit a technical bug In the Company's application. It Is further alleged that these merchants fraudulently claimed unauthorized settlements totaling INR 403.59 million from the Company, thereby gaining an unfair financial advantage and causing wrongful loss to the Company. As of 31 March 2026, the Company has successfully recovered INR 276.02 million, which has been credited to Its bank accounts. Additionally, INR 9.26 million remains secured through merchant affidavits and court order, which the Company expects to recover In due course. The Company Is actively pursuing the recovery of the remaining balance of INR 118.31 million, on which the Company has recognized expense for Expected Credit Loss and presented as •exceptional Items" In the quarter ended 30 September 2025. 6. With effect from 21 November 2025, the Government of India notified the Code on Social Security, 2020, the Occupational Safety, Health and Working Conditions Code, 2020, the Industrial Relations Code, 2020, and the Code on Wages, 2019 (collectively, the "New Labour Codes"), which consolidate and replace the existing central labour laws. In addition, several State Governments have Issued state-specific legislations pursuant to the Labour Codes. The Company has evaluated the overall Impact of the new labour code and considered the Impact of past service cost under exceptional Items amounting to INR 18.38 million for .gratuity and INR 14.59 million for leave provisions In the year ended 31 March 2026.
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7. During the period ended September 30, 2026, the Company transferred Its Lending Service Provider (LSP) business undertaking ("Undertaking") to Its wholly-owned subsidiary, MoblKwlk Distribution Services Private Limited (formerly known as MoblKwlk Credit Private Limited}, on a slump sale basis, pursuant to the Business Transfer Agreement dated May 22, 2026, with effect from August 18, 2026. The transfer was effected on a going concern basis as a "slump sale", as defined under the applicable provisions of the Income -tax Act, 1961. The consideration for the transfer was INR 1471.08 million and was fully discharged by MoblKwlk Distribution Services Private Limited (formerly known as MoblKwlk Credit Private Limited) through the Issuance of non-convertible debentures (NCDs) to the Company. The 'LSP business' Is disclosed as Discontinued Operations In these results In accordance with Ind AS 105 "Non-Current Assets Held for Sale and Discontinued Operations" till the date of actual transfer I.e. 18 August, 2026. The financial results of the discontinued operations till the date of actual transfer I.e. 18 August, 2026 are as under : (Amounts In INR millions) Quarter ended Half year ended Year ended S.No Particulars 30 September 30 June 30 September 30 September 30 September 31 March 2026 2026 2025 2026 2025 2026 1 Revenue from ooeratlons 477.21 727.19 612.29 1,204.40 1.194.80 2,612.93 2 Other Income 7.33 14.16 13.02 21.49 23.57 47.88 3 Total Income 484.54 741.35 625.31 1,225.89 1,218.37 2,660 .81 4 Total expenses 382.14 635.71 674.26 1,017.85 1,494.03 2,879 .86 5 Earnings before finance cost, depreciation, 102.40 105.64 (48.95) 208.04 (275.66) (219.05) amortisation and tax (EBITDA) 6 Finance costs 0.54 0.92 1.09 1.46 2.19 4.29 7 Depreciation and amortisation expense 8.13 9.99 7.23 18.12 13.40 33.14 8 Proflt/(Loss) before exceptional Items and tax 93.73 94.73 (57.27) 188.46 (291.25) (256.48) for period/year 9 Exceptional Items - - - 8.32 10 Proflt/(Loss) from discontinued operations 93.73 94.73 (57.27) 188,46 (291.25) (264.80} before tax for the period/year 11 Tax expense of discontinued operations - - - - - - 12 Proflt/(Loss) from discontinued operations after tax for the period/year 93.73 94.73 (57.27) 188.46 (291.25) (264.80) 8. The Company operates In a single operating segment only which Is financial and payment services. Hence, no separate disclosure Is required for segments . 9. The unaudited standalone financial results for the quarter and half-year ended 30 September 2026 are also being made available on the Stock Exchange websites www.bselndla .com and www.nselndla.com and on the Company's website : www.moblkwlk.com/lr. Place: Gurugram Date : 02 November 2026 For and on behalf of the Board of Directors of ONE MOBIKWIK SYSTEMS UMITED ~ Upasana Rupkrlshan Taku Whole-time Director & Chief Financial Officer DIN :02979387