Monitoring Agency Report

Date: November 03, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Symbol: MOBIKWIK Scrip Code: 544305 Sub: Monitoring Agency Report for the quarter ended September 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed the Monitoring Agency Report issued by CARE Ratings Limited (Monitoring Agency) dated November 03, 2026, in respect of utilisation of the proceeds raised through issuance of equity shares by way of Public Issue of the Company for the quarter ended September 30, 2026. The above intimation will be made available on the website of the Company at https://www.mobikwik.com/ir/stock-exchange-submission/FY2026-27. Kindly take the same on record. Thanking you For One MobiKwik Systems Limited Ankita Sharma Company Secretary and Compliance Officer Membership No.: A37518 Encl: A/a 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 Monitoring Agency Report CARE/NRO/GEN/2026-27/1147 The Board of Directors One Mobikwik SystemsLimited Unit 102, 1st Floor, Block-B, Pegasus One, Golf Course Road, Sector-53, Gurugram, Haryana-122003,India November 03, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended September30, 2026 -in relation to the IPO of One Mobikwik Systems Limited (“the Company”) We write in our capacity of Monitoring Agency for the IPO issuefor the amount aggregating to Rs. 572crore of the Company and refer to our duties cast under 41 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended September 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated December 05, 2024. Request you to kindly take the same on records. Thanking you, Yours faithfully, Jatin Arora Associate Director jatin.arora@careedge.in Monitoring Agency Report Report of the Monitoring Agency Name of the issuer: One Mobikwik Systems Limited For quarter ended: September 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects:Nil (b) Range of Deviation:Not applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intendedto or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Jatin Arora Designation of Authorized person/Signing Authority: Associate Director Monitoring Agency Report 1) Issuer Details: Name of the issuer : One Mobikwik Systems Limited Name of the promoter : Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, Narinder Singh Family Trust Industry/sector to which it belongs : Financial Services 2) Issue Details Issue Period : December 11, 2024, to December 13, 2024 Type of issue (public/rights) : Initial Public Offer Type of specified securities : Equity IPO Grading, if any : Not Applicable Issue size (in crore) : Rs. 572 crores 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Comments of Source of information / certifications Comments of the the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of preparation of report Directors There was a revision in objects/ terms of utilization/ amounts as against the original offer document and extension of time limit for utilization of IPO Chartered Accountant certificate*, proceeds basis shareholder resolution Whether all utilization is as per the disclosures in the Offer Management certificate^, Special resolution, Yes dated July02, 2026 Noted Document? and Fixed Deposit Receipts, Bank statements For amount utilised in Q2FY27, all the and invoices payments are made through CC/OD accounts from Jan-2026 to Sep-2026 and later reimbursed from monitoring account in Sep-2026. Whether shareholder approval has been obtained in case of Chartered Accountant certificate*, There was no material deviation in material deviations# from expenditures disclosed in the Offer No Noted Management certificate^ the objects. Document? Whether the means of finance for the disclosed objects of the Chartered Accountant certificate*, No change in means of finance for No Noted issue have changed? Management certificate^ the disclosed objects of the issue No, there are no deviations observed Is there any major deviation observed over the earlier monitoring No Earlier monitoring agency report from the last monitoring agency Noted agency reports? report Monitoring Agency Report Comments of Source of information / certifications Comments of the the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of preparation of report Directors Whether all Government/statutory approvals related to the Not applicable Chartered Accountant certificate*, No comments Not applicable object(s) have been obtained? Management certificate^ Whether all arrangements pertaining to technical Not applicable Chartered Accountant certificate*, No comments Not applicable assistance/collaboration are in operation? Management certificate^ Are there any favorable/unfavorable events affecting the viability No Chartered Accountant certificate*, No comments of these object(s)? Management certificate^ Is there any other relevant information that may materially affect Chartered Accountant certificate*, No material relevant information for No No the decision making of the investors? Management certificate^ investors. *Chartered Accountant certificate from DYP Jain & Chartered Accountants dated October 27, 2026. Thesaid certificate provides limited assurance and st [Showing first 8,000 characters — download PDF for full document]