One Mobikwik Systems Limited — Others, 15-05-2025: Monitoring Agency Report

One Mobikwik Systems Limited has announced a monitoring agency report confirming appropriate utilization of Rs. 572 crore raised via its IPO. Rs. 65 crore was used mainly for general corporate purposes, and Rs. 85 crore was invested this quarter in growth areas like financial services, payment services, and AI-related R&D. Rs. 422 crore remains in fixed deposits and public issue accounts for future deployment. The company reported higher losses in Q3 FY2025 due to industry and regulatory challenges and disclosed a Rs. 1.26 crore fund misappropriation by a former employee. The Co-Founder & CEO of Payments Division resigned for personal reasons. Planned investments continue without deviation from IPO objectives.