One Mobikwik Systems Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
MOBIKWIK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
One Mobikwik Systems Limited's Board approved three key matters on May 22, 2026. First, the company will alter its MOA object clause to include Payment Aggregator (Physical POS) activities per RBI regulations. Second, the Board approved a slump sale of the Lending Services Provider (LSP) business to MDSPL, a wholly-owned subsidiary, for book value consideration of INR 952.21 million. The LSP business contributed INR 2,613.75 million (22.70% of standalone revenue) and INR 952.21 million (16.94% of standalone net worth) for FY 2025-26. This transfer is a pre-condition for the NBFC registration of another subsidiary. Third, the company will seek shareholder approval for variation in IPO proceeds utilization. All transactions are subject to shareholder approval and expected to complete by end of Q2 FY 2026-27.
The LSP business divestment removes a significant revenue contributor (22.7%) from the parent company, though it remains within the group via the wholly-owned subsidiary. The transaction is at arm's length and classified as a related party transaction, with no change in shareholding pattern expected.