MOBIKWIK HAS RECIEVED AN APPROVAL FOR ISSUANCE OF SECURITIES ON PREFERENTIAL BASIS TO BENNETT, COLEMAN AND COMPANY LIMITED

Mobikwik has received an investment proposal from Bennett, Coleman and Company Limited (“Offeree”) to invest an aggregate amount of Rs. 1,00,00,00,936/- in the company by way of subscription to 8,83,159 Equity Shares of the company. The company proposes to offer, issue and

allot 8,83,159 Equity Shares having face value of Rs. 2/- at a premium of Rs. 1,130.30/- aggregating to Rs.1,00,00,00,936/- on a preferential basis for cash.

The Company has obtained the approval of the Board of Directors for offer and issue of 8,83,159 Equity Shares, at itsMeeting held on December 07, 2021.