One Mobikwik Systems Limited has informed the Exchange regarding a press release dated February 23, 2026, titled "MobiKwik gets BSE approval to commence Stock Broking business".
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MobiKwik's wholly-owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), has received approval from the Bombay Stock Exchange (BSE) to start its stock broking business, effective February 24, 2026. This follows the SEBI stock broking registration granted to MSBPL in July 2025, completing the key regulatory steps needed to begin operations. With this approval, MSBPL can now buy, sell, deal in, and handle clearing and settlement of equity trades on BSE. Management called it a pivotal step in MobiKwik's evolution into a scaled financial services platform, targeting India's growing retail investor base.
This opens a new revenue stream for MobiKwik in the stock broking space, leveraging its 186.6 million+ registered users. For shareholders, it signals business diversification beyond payments and wallets, though near-term financial impact will depend on user adoption and trading volumes on the new platform.