Notice of Extraordinary General Meeting to the members of Mobikwik Systems Ltd.- June 19, 2024

Special Businesses:

1. To approve the re-appointment of Mr. Bipin Preet Singh, as managing director and chief executive officer of the company.

Term of appointment: For three (03) years with effect from June 23, 2024, to June 22, 2027 (both days inclusive), he shall not be liable to retire by rotation. 

A.Total Compensation: Fixed Compensation: Rs. 3,50,00,000/- (Rupees Three Crores Fifty Lakhs Only) per annum which includes: 

I. Basic Salary: 50% of Fixed Compensation 

II. Allowances: Costs of allowances include: 

• House Rent Allowance: 20% of the Fixed Compensation 

• Executive Allowance: 20% of the Fixed Compensation 

• Travelling Allowance: 10% of the Fixed Compensation. 

B. Performance-Linked Variable Compensation (PLVC): Nil to 200% of fixed compensation is based on the company’s performance. The PLVC amount shall be paid annually per the performance parameters decided by the Company's Board of Directors. 

C. Flexible Compensation: In addition to Fixed Compensation & PLVC, he shall be entitled to the following perquisites, <br>benefits, facilities, and amenities as per rules of the Company up to Rs. 15,00,000/- (Rupees Fifteen Lakh Only) per annum: 

Perquisites/ Benefits/Facilities and Amenities: Mr. Bipin Preet Singh shall continue to be eligible for perquisites (evaluated as per Income-tax rules wherever applicable and otherwise at actual cost to the Company) such as the benefit of the Company’s furnished accommodation, gas, electricity, water, and furnishings, club fees, group insurance, use of car and telephone at residence or reimbursement of expenses in lieu thereof; medical reimbursement for family members, driver’s salary, leave travel concession, education benefits, provident fund, and gratuity, by the scheme(s) and rule(s) applicable from time to time and under Company Policies.

2. To approve the re-appointment of Ms. Upasana Rupkrishan Taku, as whole-time director of the company.

3. To approve the re-appointment of Mr. Navdeep Singh Suri, as an independent director of the company.

4. To approve the re-appointment of Mr. Raghu Ram Hiremagalur Venkatesh, as an independent director of the company.

5. To approve the re-appointment of Ms. Punita Kumar Sinha, as independent director of the company.

6. To approve the re-appointment of Ms. Sayali Karanjkar, as an independent director of the company.

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