Main Disclosure – Disinvestment Details
Target Entity: MobiKwik Distribution Services Private Limited (formerly known as Mobikwik Credit Private Limited) ("MDSPL")
Business Transferred: Lending Services Provider Business (LSP Business) forming part of financial services business
Transaction Type: Slump sale basis
Transaction Completion Date: August 18, 2026 (appointed date)
Counterparty/Buyer: MDSPL is a wholly owned subsidiary of One MobiKwik Systems Limited
Mode of Consideration: Consideration will be discharged by way of issuance of Non-Convertible Debentures by MDSPL to the Company
Valuation or Price Basis: Based on the book value of assets and liabilities of the LSP business determined as on the appointed date (August 18, 2026)
Approvals Required: The transaction was approved via Postal Ballot Notice dated June 02, 2026
Regulatory References:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Regulation 30 of SEBI Listing Regulations
- Previous stock exchange intimations dated May 22, 2026 (with Annexure-A), June 02, 2026, and July 02, 2026
Documentation: Business Transfer Agreement
Additional Information
No other disclosures are present in the document.