OnMobile Global Ltd. — Interim / Quarterly Report 2021

Nov 2, 2020

ONMOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore - 560100, Karnataka, India P: +91 80 4009 6000 | F: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - investors@onmobile.com

www.onmobile.com

November 02, 2020

To Department of Corporate Services, The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 532944 Scrip Code: ONMOBILE

Dear Sir/Madam,

Sub: Outcome of the Board Meeting

This is with reference to our letter dated October 20, 2020 informing about the Board meeting scheduled on November 02, 2020.

The Board of Directors of OnMobile Global Limited (‘the Company’) at their meeting held on Monday, November 02, 2020 in Bangalore, through Zoom Video conference has inter alia, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, considered and approved the unaudited financial results as per IND-AS for the quarter and half year ended September 30, 2020. A copy of the unaudited financial results (Standalone and Consolidated) along with the limited review report of the Auditors is enclosed herewith .

The Meeting of Board of Directors of the Company commenced at 7.30 p.m. IST and concluded at 10.30 p.m. IST.

Request you to please take the same on record.

Thanking you,

Yours sincerely, For OnMobile Global Limited

==> picture [149 x 33] intentionally omitted <==

P V Varaprasad

Company Secretary

==> picture [80 x 80] intentionally omitted <==

Encl: a/a

OnMobile Global Limited Statement of unaudited standalone results for the quarter and half year ended September 30, 2020 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100

		Amount in Rs Lakhs except dataper share	Amount in Rs Lakhs except dataper share	Amount in Rs Lakhs except dataper share	Amount in Rs Lakhs except dataper share	Amount in Rs Lakhs except dataper share	Amount in Rs Lakhs except dataper share
Sl. No	Particulars	Quarter ended			Half Year Ended		Year Ended
		September 30, 2020	June 30, 2020	September 30, 2019	September 30, 2020	September 30, 2019	March 31, 2020
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1 2 3 4 5 6 7 8 9 10 11 12	Revenue from Operations Telecom Value Added Services Other income (Net) Total Income Expenses (a) Content fee and royalty (b) Contest expenses (c) Cost of software licenses and others (d) Employee benefits expense (e) Finance costs (f) Depreciation and amortisation expenses (g) Other expenses Total expenses Profit before tax and exceptional items (1-2) Exceptional items (Refer Note 6) Profit before tax (3-4) Tax expense: (a) Current tax (b) Deferred tax Total tax Profit/(Loss) for the period/ year (5-6) Other comprehensive income A. (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss B. (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss Other comprehensive income Total comprehensive income for the period/ year (7+8) Paid up equity share capital (Face value of Rs 10/- each) Other equity Earnings per share (of Rs. 10 each) (not annualised except for year ended March 31, 2020) (a) Basic (b)Diluted	4,672 191	4,936 257	4,979 600	9,608 448	9,977 962	20,384 2,441
		4,863	5,193	5,579	10,056	10,939	22,825
		299 133 280 2,377 24 217 1,143	404 110 241 2,009 31 230 1,149	408 143 404 2,497 25 247 1,115	703 243 521 4,386 55 447 2,292	841 341 901 5,323 63 482 2,489	1,619 630 1,731 9,633 131 962 6,918
		4,473	4,174	4,839	8,647	10,440	21,624
		390 -	1,019 -	740 -	1,409 -	499 -	1,201 367
		390 120 74	1,019 363 50	740 182 111	1,409 483 124	499 182 89	834 1,560 (574)
		194	413	293	607	271	986
		196	606	447	802	228	(152)
		17 (5) (41) -	(49) 14 15 -	(84) - 32 -	(32) 9 (26) -	(96) 4 16 -	(124) 4 168 -
		(29)	(20)	(52)	(49)	(76)	48
		167	586	395	753	152	(104)
		10,345	10,354	10,570	10,345	10,570	10,570 60,229
		0.19 0.19	0.58 0.58	0.42 0.42	0.77 0.77	0.21 0.21	(0.14) (0.14)

OnMobile Global Limited Statement of unaudited standalone results for the quarter and half year ended September 30, 2020 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100

1. STANDALONE BALANCE SHEET

Notes:

	Amount in Rs. Lakhs	Amount in Rs. Lakhs
Particulars	As at September 30,2020	As at March 31,2020
ASSETS Non-Current Assets Property, plant and equipment Capital work-in-progress Right-of-use asset Intangible assets Financial assets Investments Loans Other financial assets Income tax assets (net) Deferred tax assets (net) Other non-current assets Current Assets Financial Assets Investments Trade Receivables Cash and cash equivalents Other bank balances Loans Other financial assets Other current assets TOTAL- ASSETS EQUITY AND LIABILITIES Equity Equity share capital Other equity Non-Current Liabilities Financial liabilities Lease liability Provisions Current Liabilities Financial liabilities Lease liability Trade payables -Total outstanding dues of micro and small enterprises -Total outstanding dues of creditors other than micro and small enterprises Other financial liabilities Provisions Other current liabilities TOTAL- EQUITY AND LIABILITIES	(Unaudited)	(Audited)
	1,057 142 883 1 29,791 4,378 2,114 9,694 5,726 1,499	1,116 24 1,250 5 29,256 2,180 2,114 9,712 5,841 1,499
	55,285	52,997
	10,667 4,664 3,501 165 49 7,750 898	15,549 4,244 2,768 161 60 6,759 1,057
	27,694	30,598
	82,979	83,595
	10,345 59,032	10,570 60,229
	69,377	70,799
	611 432	957 388
	1,043	1,345
	361 - 8,574 1,858 724 1,042	372 - 8,938 526 617 998
	12,559	11,451
	82,979	83,595

OnMobile Global Limited Statement of unaudited standalone results for the quarter and half year ended September 30, 2020 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100

2 STANDALONE STATEMENT OF CASH FLOWS

A B C		Amount in Rs. Lakhs	Amount in Rs. Lakhs	Amount in Rs. Lakhs
	Particulars	Six months ended	Six months ended	Year ended
		September 30, 2020	September 30, 2019	March 31,2020
		(Unaudited)	(Unaudited)	(Audited)
	CASH FLOWS FROM OPERATING ACTIVITIES Profit/(Loss) for the period/year Adjustments to reconcile profit for the period/year to net cash flows: Income tax expenses recognised in the statement of profit and loss Depreciation and amortisation expense Impairment/write off of Investment in subsidiaries Unrealised Foreign Exchange Loss/(Gain) (Gain) on disposal of Property, plant and equipment (net) (Gain) on sale/redemption of Investment (net) Gain on termination of lease Provision for doubtful trade and other receivables (net) Share based payments Finance cost Interest income Operating profit before working capital changes Change in operating assets and liabilities: Trade receivables Other assets Trade payables and other liabilities Cash generated from operations Direct taxes paid (net of refunds) Net cash (used in)/generated from operating activities CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant and equipment including capital advances Loans to subsidiaries(net) Proceeds from sale of property, plant and equipment Sale, redemption/ (purchase) of short term investments (net) Sale, redemption/ (purchase) of long term investments (net) Sale/ (purchase) of investment in subsidiaries (net) Proceeds form sale of subsidiaries(net) (Increase)/decrease in earmarked bank balances Interest received/ gain on sale of investment Net cash generated from investing activities CASH FLOW FROM FINANCING ACTIVITIES Buyback of Equity Share Capital (including premiuim) Expenses for buyback of equity shares Repayment of lease liabilities Finance cost Dividend including tax paid Net cash used in financing activities Net increase/(decrease) in cash and cash equivalents (A+B+C) Effect of exchange differences on translation of foreign currency cash and cash equivalents Cash and cash equivalents at the beginning of the period/year Cash and cash equivalents at the end of theperiod/year	802 607 447 - 483 (1) (120) (13) (83) 57 55 (309)	228 267 482 - (132) (10) (537) - (151) 70 63 (72)	(152) 986 962 367 (1,257) (26) (870) - 1,783 114 131 (230)
		1,123	(20)	1,960
		1,925 (366) (714) (485)	208 (87) (51) 75	1,808 182 365 246
		(1,565)	(63)	793
		360 (535)	145 (395)	2,601 (824)
		(175)	(250)	1,777
		(340) (2,244) 1 5,002 19 (554) - (5) 38	(134) (3,114) 13 7,426 - 18 - 4 715	(339) (1,245) 30 4,486 (2,787) - 17 (42) 139
		1,917	4,928	259
		(614) (66) (175) (55) -	- - (180) (63) (325)	- - (362) (131) (1,870)
		(910)	(568)	(2,363)
		832	4,110	(327)
		(99) 2,768 3,501	14 2,949 7,073	146 2,949 2,768

3 The standalone results for the quarter and half year ended September 30, 2020 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on November 2, 2020 . The above results have been subjected to limited review by the statutory auditors of the Company. The report of the statutory auditors is unqualified.

4 These financial results have been prepared in accordance with Indian Accounting Standards (‘Ind AS’) prescribed under section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant circulars issued thereunder.

5 The Company is engaged in providing value added services in telecom business and its operations are considered to constitute a single reportable segment in the context of Ind AS 108- "Operating Segments".

6 Exceptional item for the year ended March 31, 2020 includes amount recorded towards impairment/ Write off of investment in wholly owned subsidiaries.

7 The Board of Directors of the Company in their Board meeting held on April 9, 2020 have approved buy back of 19,321,429 shares for a maximum value of INR 5,410 lakhs. The Company has during the period from April 1, 2020 to September 30, 2020 bought back 2,247,881 equity shares of Rs 10 each at a maximum price of Rs 28 per equity share. The total cash outflow as at 30 September 2020 towards shares bought back ( including the expenses for buy-back) amounts to INR 680 lakhs. The window for said buy-back offer closed subsequent to the period end on October 23, 2020.

8 The Company has considered the probable effects of COVID-19 in preparation of the interim financial results, on matters like assessment of liquidity, going concern assumption, recoverable values of its financial and non-financial assets, impact on revenues etc. The Company has relied on internal and certain external sources of information while finalizing various estimates in relation to its financial result captions upto the date of approval of the financial results by the Board of Directors. The impact of COVID-19 on the financial results may be different from that which has been estimated. The Company will continue to closely monitor any material changes to future economic conditions.

9 On May 22, 2020, one of the subsidiaries of the Company has acquired a 25% voting interest in Technologies Rob0 Inc. ("Rob0"), a Company that offers AI-powered visual retention analytics for video game developers for a total consideration of CAD 10 lakhs (INR 543 lakhs). Further the Group has an option to acquire additional 25% equity interest in Technologies Rob0 Inc within a period of 9 month from the date of agreement for an agreed consideration.

10 The Company has declared a dividend of Rs.1.5 per share amounting to Rs. 1,552 lakhs towards final dividend for the year ended March 31, 2020, as approved by the shareholders in the Annual General Meeting held on 28 September 2020. The Company has paid off the dividend subsequently in the month of October 2020.

on behalf of Board of Directors

François-Charles Sirois Executive Chairman

Place: Montreal, Canada Date: Nov 2, 2020

BS R & Co. LLP

Chartered Accountants

Embassy Golf Links Business Park Telephone +91 BO 4682 3000 Pebble Beach, B Block. 3rd Floor Fax +91 80 4682 3999 Off ln1ermed1ate Ring Road Bengaluru 560 071 l11d,a

Limited review report on unaudited quarterly standalone financial results and standalone year-to-date results ofOnmobile Global Limited under Regulation 33 of the Listing Regulations

To

Board of Directors ofOnmobile Global Limited

• I. We have reviewed the accompanying Statement of unaudited standalone financial results ofOnmobile Global Limited ("the Company") for the qua1ter ended September 30, 2020 and year to date results for the period from April O I, 2020 to September 30, 2020 ("the Statement").

• This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review.

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

• Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

for B S R & Co. LLP

Chartered Accountants Firm's Registration Number: 101248W/W-100022 ------=-

� �

Sampad Gui �l Thakurta

Partner

Membership Number: 060573 UDIN: 20060573AAAAEN4498

Place: Bengaluru Date: November 02, 2020

OnMobile Global Limited

Statement of unaudited consolidated results for the quarter and half year ended September 30, 2020

Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100

		Amount in Rs lakhs except dataper share	Amount in Rs lakhs except dataper share	Amount in Rs lakhs except dataper share	Amount in Rs lakhs except dataper share	Amount in Rs lakhs except dataper share	Amount in Rs lakhs except dataper share
		Quarter ended			Half Year ended		Year Ended
Sl. No	Particulars	September 30, 2020 (Unaudited)	June 30, 2020 (Unaudited)	September 30, 2019 (Unaudited)	September 30, 2020 (Unaudited)	September 30, 2019 (Unaudited)	March 31, 2020 (Audited)
1 2 3 4 5 6 7 8 9 10 11 12 13 14	Revenue from Operations Telecom value added services Other income (net) Total income Expenses (a) Content fee and royalty (b) Contest expenses (c) Cost of software licenses and others (d) Employee benefits expense (e) Finance costs (f) Depreciation and amortisation expenses (g) Other expenses Total expenses Profit before share of loss of associates, exceptional items and tax(1 - 2) Share of loss of associates Profit before tax and exceptional items (3+4) Exceptional items - net (refer note 7) Profit before tax (5+6) Tax expense (a) Current tax (b) Deferred tax Total tax Profit for the period / year (7-8) Other comprehensive income A. (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss B. (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss Other comprehensive income Total comprehensive income for the period/ year (9+10) Paid up equity share capital (Face value of Rs 10/- each) Other equity Earnings per share (of Rs. 10 each) (not annualised except for year ended March 31, 2020) (a) Basic (b) Diluted	13,997 146	14,084 318	14,376 239	28,081 464	28,323 632	57,242 1,717
		14,143	14,402	14,615	28,545	28,955	58,959
		6,543 133 350 3,681 25 330 1,915	6,596 110 303 3,394 30 337 1,705	6,325 143 432 4,212 31 472 2,290	13,139 243 653 7,075 55 667 3,620	12,142 341 923 8,560 71 1,146 4,754	25,473 630 1,733 16,165 147 1,852 9,432
		12,977	12,475	13,905	25,452	27,937	55,432
		1,166	1,927	710	3,093	1,018	3,527
		(17)	-	-	(17)	-	-
		1,149	1,927	710	3,076	1,018	3,527
		-	-	-	-	-	820
		1,149 300 88	1,927 629 89	710 397 210	3,076 929 177	1,018 642 57	4,347 2,451 (862)
		388	718	607	1,106	699	1,589
		761 17 (5) 733 -	1,209 (49) 14 (23) -	103 (84) - 267 -	1,970 (32) 9 710 -	319 (96) 4 285 -	2,758 (124) 4 1,583 -
		745	(58)	183	687	193	1,463
		1,506	1,151	286	2,657	512	4,221
		10,345	10,354	10,570	10,345	10,570	10,570 48,435
		0.74 0.74	1.16 1.16	0.10 0.10	1.90 1.90	0.30 0.30	2.61 2.61

OnMobile Global Limited Statement of unaudited consolidated results for the quarter and half year ended September 30, 2020 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100

Notes:

1 Consolidated Balance Sheet

Consolidated Balance Sheet
	Amount in Rs. lakhs
Particulars	As at September 30, 2020 (Unaudited)	As at March 31, 2020 (Audited)
ASSETS Non-Current Assets Property, plant and equipment Capital work in progress Goodwill Other Intangible assets Right to use assets Financial assets Investments Loans Income tax assets (net) Deferred tax assets (net) Other non-current assets Current Assets Financial assets Investments Trade receivables Cash and cash equivalents Other bank balances Loans Derivative asset (Refer note 9) Other financial assets Other current assets TOTAL - ASSETS EQUITY AND LIABILITIES Equity Equity share capital Other equity Non-Current Liabilities Financial liabilities Lease liabilities Other financial liabilities Provisions Deferred tax liabilities (net) Current Liabilities Financial liabilities Lease liabilities Trade payables -Total outstanding dues of micro enterprises and small enterprises -Total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities Provisions Other current liabilities TOTAL - EQUITY AND LIABILITIES	1,603 619 5,825 1,722 946 3,108 584 12,491 6,041 1,499	1,735 124 5,336 1,683 1,361 2,787 605 12,163 6,206 1,499
	34,438	33,499
	10,667 17,674 9,631 166 113 185 6,587 9,115	15,549 15,989 8,951 161 127 - 7,951 6,348
	54,138	55,076
	88,576	88,575
	10,345 49,141	10,570 48,435
	59,486	59,005
	633 757 432 62	1,069 757 388 73
	1,884	2,287
	399 - 20,367 2,242 2,176 2,022	375 - 22,419 1,041 1,700 1,748
	27,206	27,283
	88,576	88,575

OnMobile Global Limited

Statement of unaudited consolidated results for the quarter and half year ended September 30, 2020 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100

2 Consolidated Cash Flow Statements

Consolidated Cash Flow Statements
	Amount in Rs. Lakhs
Particulars	Six months ended	Six months ended	Year Ended
	September 30, 2020	September 30, 2019	March 31, 2020
	(Unaudited)	(Unaudited)	(Audited)
A. CASH FLOW FROM OPERATING ACTIVITIES Profit for the period/year Adjustments for : Income tax expense recognised in the consolidated statement of profit and loss Depreciation and amortisation expense Exceptional items Unrealised foreign exchange (gain)/loss Provision for doubtful trade receivables (net) Finance cost (Gain) on disposal of Property plant and equipment (net) Gain on sale/ redemption of Investment (net) Gain on Termination of lease Provisions no longer required written back Share based payments Interest income Operating profit before working capital changes Changes in operating assets and liabilities: Trade receivables Other assets Trade payable and other liabilities Cash (used in)/generated from operations Direct taxes paid (net of refunds) Net cash (used in)/generated from operating activities B. Cash flow from investing activities Purchase of property, plant and equipment including capital advances Proceeds from sale of property, plant and equipment Sale, redemption/(purchase) of short term investment (net) Sale, Redemption / (Purchase) of long term investments (net) (Increase)/decrease in other bank balances Interest received Net cash generated from investing activities C. Cash flow from financing activities Payment towards lease liability Finance cost Dividend paid including tax Buyback of Equity Share Capital (including premium) Expenses for buyback of equity shares Net cash used in financing activities Net increase in cash and cash equivalents (A+B+C) Effect of exchange differences on translation of foreign currency cash and cash equivalents Cash and cash equivalents at the beginning of the period/year Cash and cash equivalents at the end of the period/year	1,970 1,106 667 - 128 10 55 - (120) (13) (1) 57 (296)	319 699 1,146 - 366 142 71 (10) (537) - (1) 70 (104)	2,758 1,589 1,852 (820) (1,047) 575 147 (19) (870) - (1) 114 (271)
	1,593	1,842	1,249
	3,563 (1,725) (789) (1,619)	2,161 (2,838) (3,691) 1,625	4,007 183 (692) 511
	(4,133)	(4,904)	2
	(570) (1,271)	(2,743) (957)	4,009 (2,293)
	(1,841) (867) 1 5,002 (507) (5) 25	(3,700) (239) 32 7,426 - 4 747	1,716 (653) 40 4,486 (2,787) (42) 180
	3,649	7,970	1,224
	(206) (55) - (614) (66)	(192) (71) (326) - -	(345) (147) (1,870) - -
	(941)	(589)	(2,362)
	867 (187) 8,951	3,681 70 7,941	578 432 7,941
	9,631	11,692	8,951

OnMobile Global Limited

Statement of unaudited consolidated results for the quarter and half year ended September 30, 2020

Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100

• 3 (a) The unaudited consolidated results for the quarter ended September 30, 2020 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on November 02, 2020. The above results have been subjected to limited review by the statutory auditors of the Company. The report of the statutory auditors is unqualified.

• (b) Key numbers of Standalone Financial Results of the Company for the quarter and half-year ended September 30, 2020 are as under:

	Rs. in lakhs	Rs. in lakhs	Rs. in lakhs	Rs. in lakhs	Rs. in lakhs	Rs. in lakhs
Particulars	Quarter ended			Half Year ended		Year Ended
	September 30, 2020 (Unaudited)	June 30, 2020 (Unaudited)	September 30, 2019 (Unaudited)	September 30, 2020 (Unaudited)	September 30, 2019 (Unaudited)	March 31, 2020 (Audited)
Total Income Profit / (Loss) before Tax Net Profit /(Loss)after Tax	4,863 390 196	5,193 1,019 606	5,579 740 447	10,056 1,409 802	10,939 499 228	22,825 834 (152)

Standalone results of OnMobile Global limited are available in investors section in www.onmobile.com and also with the stock exchanges where it is listed.

• 4 These financial results have been prepared in accordance with Indian Accounting Standards (‘Ind AS’) prescribed under section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant circulars issued thereunder.

• 5 The above results include consolidated results of the Company's subsidiaries : OnMobile Singapore Pte Limited, PT OnMobile Indonesia (Liquidated), OnMobile Europe B.V., Appland AB, OnMobile S.A., OnMobile USA LLC, Servicios De Telefonia OnMobile SA DE CV, OnMobile Global SA , OnMobile Brasil Sistemas de Valor Agregado Para Comunicacoes Moveis Ltda, OnMobile DE Venezuela C.A, OnMobile Global for Telecommunication Services, OnMobile Senegal SARL, OnMobile Uruguay S.A., OnMobile Bangladesh Private Limited , OnMobile Mali SARL , OnMobile Servicios Corporativos De Telefonia S.A. DE C.V. (merged with Servicios De Telefonia OnMobile SA DE CV w.e.f. December 18, 2019) , OnMobile Kenya Telecom Limited , OnMobile Telecom Limited , OnMobile Global Spain S.L.U, OnMobile Costa Rica OBCR SA. , OnMobile Uganda Limited, OnMobile Zambia Telecom Limited, OnMobile Madagascar Telecom Limited, OnMobile Rwanda Telecom Limited, OnMobile Nigeria Telecom Limited, OnMobile Tanzania Telecom Limited, OnMobile Ghana Telecom Limited, OnMobile Telecom (SL) Limited, OnMobile Global Solutions Canada Limited, OnMobile Global Italy S.R.L, Onmobile Turkey Telekomunikasyon Sistemleri Limited Şirketi, Onmobile Telecom Burkina Faso, SARL, OnMobile Portugal SGPS Unipessoal LDA (Zona Franca Da Madeira), OnMobile Live Inc., Fonestarz Media Group Limited. (Dissolved w.e.f. October 06, 2020), 2dayUK Limited., OnMobile Global Czech Republic s.r.o (Dissolved w.e.f. August 29, 2019)., OnMobile Global Limited Columbia S.A.S., OnMobile Global South Africa (PTY) LTD, OnMobile Bangladesh Technologies Private Limited and OnMobile Latam Holding, S.L, and associate Mobile Voice Konnect Private Limited and Technologies Rob0 Inc.

• 6 The Company is engaged in providing value added services in telecom business and its operations are considered to constitute a single reportable segment in the context of Ind AS 108 - “Operating Segments”.

• 7 Exceptional item for last quarter and year ended March 31, 2020 include the reversal of earnout liability amounting to INR 3,147 lacs and impairment of goodwill amounting to INR 2,327 lacs.

• 8 The Board of Directors of the Company in their Board meeting held on April 9, 2020 have approved buy back of 19,321,429 shares for a maximum value of INR 5,410 lakhs. The Company has during the period from April 1, 2020 to September 30, 2020 bought back 2,247,881 equity shares of Rs 10 each at a maximum price of Rs 28 per equity share. The total cash outflow as at 30 September 2020 towards shares bought back ( including the expenses for buy-back) amounts to INR 680 lakhs. The window for said buy-back offer closed subsequent to the period end on October 23, 2020.

• 9 On May 22, 2020, one of the subsidiaries of the Company has acquired a 25% voting interest in Technologies Rob0 Inc. ("Rob0"), a Company that offers AI-powered visual retention analytics for video game developers for a total consideration of CAD 10 lakhs (INR 543 lakhs). Further the Group has an option to acquire additional 25% equity interest in Technologies Rob0 Inc within a period of 9 month from the date of agreement for an agreed consideration. The Group has accounted for this investment as an equity accounted associate. Further, the group has done the fair valuation of the option during the quarter and recognised an amount of Rs 185 lakhs as Derivative asset as a current financial asset.

• 10 The Group has considered the probable effects of COVID-19 in preparation of the interim financial results, on matters like assessment of liquidity, going concern assumption, recoverable values of its financial and nonfinancial assets, impact on revenues etc. The Group has relied on internal and certain external sources of information while finalizing various estimates in relation to its financial result captions upto the date of approval of the financial results by the Board of Directors. The impact of COVID-19 on the financial results may be different from that which has been estimated. The Group will continue to closely monitor any material changes to future economic conditions.

• 11 The Group has declared a dividend of Rs.1.5 per share amounting to Rs. 1,552 lakhs towards final dividend for the year ended March 31, 2020, as approved by the shareholders in the Annual General Meeting held on September 28, 2020. The Group has paid off the dividend subsequently in the month of October 2020.

on behalf of Board of Directors

François-Charles Sirois Executive Chairman

Place: Montreal, Canada Date: November 2, 2020

BS R & Co. LLP

Chartered Accountants

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Limited review report on unaudited quarterly consolidated financial results and consolidated year-to-date results of On mobile Global Limited under Regulation 33 of the Listing Regulations

To

Board of Directors ofOnmobile Global Limited

• I. We have reviewed the accompanying Statement of unaudited consolidated financial results of

• Onmobile Global Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its associates for the qua11er ended September 30, 2020 and year to date results for the period f[r] om April 0 1, 2020 to September 30, 2020 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 I 5, as amended (' Listing Regulations').

• This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review ol Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Char1ered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities: r. OnMobile Singapore Pte. Ltd.

2. OnMobile SA.

3. OnMobile Europe B.V.

4. rv. Servicios De Telefonia OnMobile, SA DE CV

5. v. OnMobile USA LLC

6. vi. OnMobile Global S A

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• vii. OnMobile Brasil Sistemas De Valor Agregado Para Comunicacoes Moveis Lida

• viii. OnMobile Global for Telecommunication Services

• ix. OnMobile Senegal SARL

• x. OnMobile De Venezuela C.A.

• xi. OnMobile Latam Holdings SL

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8 SR & Co. LLP

Onmobile Global Limited

Limited Review report (continued)

xii.	OnMobile Mali SARL
xiii.	OnMobile Bangladesh Private Limited
xiv.	OnMobile Bangladesh Technologies Private Limited
xv.	OnMobile Kenya Telecom Limited
xvi.	OnMobile Costa Rica OBCR, SA
xvii.	OnMobile Ghana Telecom Limited
xviii.	OnMobile Madagascar Telecom Limited
xix.	OnMobile Nigeria Telecom Limited
xx.	OnMobile Zambia Telecom Limited
xxi.	OnMobile Telecom (SL) Limited
xxii.	OnMobile Tanzania Telecom Limited
xxiii.	OnMobile Global Spain S.L
xxiv.	OnMobile Uruguay S.A
xxv.	Mobile Voice Konnect Private Limited
xxvi.	OnMobile Uganda Limited
xxvii.	OnMobile Rwanda Telecom Limited
xxviii.	OnMobile Global Italy S.R.L.
xxix.	OnMobile Telecom Limited
xxx.	OnMobile Turkey Telekomunikasyon Sistemleri Limited �irketi
xxxi.	OnMobile Telecom Burkina Faso, SARL
xxxii.	OnMobile Portugal SOPS, Unipessoal LDA (Zona Franca Da Madeira)
xxxiii.	OnMobile Live Inc
xxxiv.	Fonestarz Media Group Limited
xxxv.	2dayUK Limited
xxxvi.	OnMobile Global Limited Colombia S.A.S.
xxxvii.	OnMobile Global Solutions Canada Limited
	OnMobile Global South Afica (PTY) Limited
xxxix.	Appland AB
xi.	Technologies Rob0 Inc.

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BS R & Co. LLP

Onmobile Global Limited

Limited Review report (continued)

1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

for B S R & Co. LLP Chartered Accountants Firm's Registration Number: 101248W /W-100022 c;�� Sampad Guha Thakurta Partner Membership Number: 060573 UDIN: 20060573AAAAEM8332

Place: Bengaluru Date: November 02, 2020

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