OnMobile Global Ltd. — Interim / Quarterly Report 2020

Feb 6, 2020

onmobile

ON MOBILE 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 IF: +9180 4009 6009 CIN - L64202KA2000PLC027860 Email - investors@onmobile.com

www.onmobile.com

February 06, 2020

To, The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai-400 00 I BSE Symbol: 532944

The Secretary

National Stock Exchange oflndia Limited Bandra Kurla Complex Bandra East Mumbai -400 051 NSE Symbol : ONMOBILE

Dear Sir/Madam,

Sub: Outcome of the Board Meeting

This is with reference to our letter dated January 14, 2020 informing about the Board meeting scheduled on February 06, 2020.

The Board of Directors of OnMobile Global Limited ('the Company') at their meeting held on Thursday, February 06, 2020 in Bangalore has inter alia

• I. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, considered and approved the unaudited financial results as per lndAS for the quarter ended December 31, 2019. 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 2.45 p.m. 1ST and concluded at 7.00 p.m. 1ST.

Request you to please take the same on record.

Thanking you,

Yours sincerely, For OnMobile Global Limited P.V.Varaprasad Company Secretary Encl: a/a

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OnMoblle Global Limited

Statetncnt of urw.uditrd standalone nsults for the quarter and nlnt months ended DN:c.mhl'r 31, 2019 Ri'giste�d office: Tower 1, 94/1 C & 94/2, Vecrnsondra Village, Electronic City Phase-I, �ngaluru• 560100

Sl. No I 2 3 4 5 6 7 8 9 10 JI 12 Amourt in & lihs �.ap! data iier share Ouarttr "ndtd Nine months tnded Year t11ded Parcuars Dlembr 31, 2019Septembtr .0, 2019Detmlr 31, 2018.embtr 31, 2019 Dece.mbr 31. 2018 MMch 31, 2019 (Unaudlt<d) (nwled) (Unucted) (Unudlted) (Unudted) (Audited) Revnue from Oertions Tclccom Value Added Serce 5,177 4,979 5,536 15,15 17,758 22,952 Other income {Net} 559 600 1,817 1.521 4,855 5.182 Totl Icoe 5,736 5,579 7,53 16,675 22,613 28,13 f.pcnses {a) Content f« and roalty 385 408 4!8 1,225 127 1,692 (b) Contest expeose, cost of software licenses and other 586 547 661 1,828 2,132 2,877 (c) Employe benefits expense 2,245 2,497 2,761 7,569 8,172 11,27 (d) Finance cost 35 25 98 4 4 (e) Dereiation and aorisation expenses 241 247 141 723 536 675 (f)Oter exyeoses 1,259 l 115 U45 3,748 6,006 i.753 Total e�mt� 4,751 4,839 5,826 15,191 18877 24,27 Proft bfore ta, and exceptional item (1�2) 985 740 1,527 1,48 3,736 3,861 Excetional ites (Refr Nole 5) 127 Proft befre t:u (3) 985 740 1,27 1,484 3,736 3,73 Ta expese: (a) Currcot ta 169 182 IOI 351 74� l,20 (b) Defered ta 10 Ill 55 99 1298 1866) Total tx 179 29 156 450 447 45 Proft fo. the period year (5-6) 806 447 1,71 1,03 U89 3,180 Oter comprebensive incme A.(i) Hem tht wll not be w:la ifed to proft or Joss (34) (84) (61) (130) {lS) (63) (ii) Incoe ta utatng to itffs tat will not be recla ifed to proft or lo 0 21 4 12 22 B.ltems that will b tc\acsifed ro proft or loss 14 32 (i62i 30 150 133 Other corpehu.sive income (20) (52) (202) (96) 127 92 Total compehensive income fr the priod year (7+8} 786 395 l.169 938 3. 6 3,J72 Paid up equity share capitl (Face wlue of Rs lO/A each) 10,570 10,570 10,570 10,570 10,570 10,570 Other equity 62,130 Earings per share (of R.l 0 each) {not a ualised excet fr yer ede March 3l.2019) {a) Basic 0.76 0.42 1.30 0.98 .111 3.10 {b) Dilute 0.76 0.42 1.30 0.98 3.11 3.10	Sl. No I 2 3 4 5 6 7 8 9 10 JI 12 Amourt in & lihs �.ap! data iier share Ouarttr "ndtd Nine months tnded Year t11ded Parcuars Dlembr 31, 2019Septembtr .0, 2019Detmlr 31, 2018.embtr 31, 2019 Dece.mbr 31. 2018 MMch 31, 2019 (Unaudlt<d) (nwled) (Unucted) (Unudlted) (Unudted) (Audited) Revnue from Oertions Tclccom Value Added Serce 5,177 4,979 5,536 15,15 17,758 22,952 Other income {Net} 559 600 1,817 1.521 4,855 5.182 Totl Icoe 5,736 5,579 7,53 16,675 22,613 28,13 f.pcnses {a) Content f« and roalty 385 408 4!8 1,225 127 1,692 (b) Contest expeose, cost of software licenses and other 586 547 661 1,828 2,132 2,877 (c) Employe benefits expense 2,245 2,497 2,761 7,569 8,172 11,27 (d) Finance cost 35 25 98 4 4 (e) Dereiation and aorisation expenses 241 247 141 723 536 675 (f)Oter exyeoses 1,259 l 115 U45 3,748 6,006 i.753 Total e�mt� 4,751 4,839 5,826 15,191 18877 24,27 Proft bfore ta, and exceptional item (1�2) 985 740 1,527 1,48 3,736 3,861 Excetional ites (Refr Nole 5) 127 Proft befre t:u (3) 985 740 1,27 1,484 3,736 3,73 Ta expese: (a) Currcot ta 169 182 IOI 351 74� l,20 (b) Defered ta 10 Ill 55 99 1298 1866) Total tx 179 29 156 450 447 45 Proft fo. the period year (5-6) 806 447 1,71 1,03 U89 3,180 Oter comprebensive incme A.(i) Hem tht wll not be w:la ifed to proft or Joss (34) (84) (61) (130) {lS) (63) (ii) Incoe ta utatng to itffs tat will not be recla ifed to proft or lo 0 21 4 12 22 B.ltems that will b tc\acsifed ro proft or loss 14 32 (i62i 30 150 133 Other corpehu.sive income (20) (52) (202) (96) 127 92 Total compehensive income fr the priod year (7+8} 786 395 l.169 938 3. 6 3,J72 Paid up equity share capitl (Face wlue of Rs lO/A each) 10,570 10,570 10,570 10,570 10,570 10,570 Other equity 62,130 Earings per share (of R.l 0 each) {not a ualised excet fr yer ede March 3l.2019) {a) Basic 0.76 0.42 1.30 0.98 .111 3.10 {b) Dilute 0.76 0.42 1.30 0.98 3.11 3.10	Sl. No I 2 3 4 5 6 7 8 9 10 JI 12 Amourt in & lihs �.ap! data iier share Ouarttr "ndtd Nine months tnded Year t11ded Parcuars Dlembr 31, 2019Septembtr .0, 2019Detmlr 31, 2018.embtr 31, 2019 Dece.mbr 31. 2018 MMch 31, 2019 (Unaudlt<d) (nwled) (Unucted) (Unudlted) (Unudted) (Audited) Revnue from Oertions Tclccom Value Added Serce 5,177 4,979 5,536 15,15 17,758 22,952 Other income {Net} 559 600 1,817 1.521 4,855 5.182 Totl Icoe 5,736 5,579 7,53 16,675 22,613 28,13 f.pcnses {a) Content f« and roalty 385 408 4!8 1,225 127 1,692 (b) Contest expeose, cost of software licenses and other 586 547 661 1,828 2,132 2,877 (c) Employe benefits expense 2,245 2,497 2,761 7,569 8,172 11,27 (d) Finance cost 35 25 98 4 4 (e) Dereiation and aorisation expenses 241 247 141 723 536 675 (f)Oter exyeoses 1,259 l 115 U45 3,748 6,006 i.753 Total e�mt� 4,751 4,839 5,826 15,191 18877 24,27 Proft bfore ta, and exceptional item (1�2) 985 740 1,527 1,48 3,736 3,861 Excetional ites (Refr Nole 5) 127 Proft befre t:u (3) 985 740 1,27 1,484 3,736 3,73 Ta expese: (a) Currcot ta 169 182 IOI 351 74� l,20 (b) Defered ta 10 Ill 55 99 1298 1866) Total tx 179 29 156 450 447 45 Proft fo. the period year (5-6) 806 447 1,71 1,03 U89 3,180 Oter comprebensive incme A.(i) Hem tht wll not be w:la ifed to proft or Joss (34) (84) (61) (130) {lS) (63) (ii) Incoe ta utatng to itffs tat will not be recla ifed to proft or lo 0 21 4 12 22 B.ltems that will b tc\acsifed ro proft or loss 14 32 (i62i 30 150 133 Other corpehu.sive income (20) (52) (202) (96) 127 92 Total compehensive income fr the priod year (7+8} 786 395 l.169 938 3. 6 3,J72 Paid up equity share capitl (Face wlue of Rs lO/A each) 10,570 10,570 10,570 10,570 10,570 10,570 Other equity 62,130 Earings per share (of R.l 0 each) {not a ualised excet fr yer ede March 3l.2019) {a) Basic 0.76 0.42 1.30 0.98 .111 3.10 {b) Dilute 0.76 0.42 1.30 0.98 3.11 3.10
		28,13 1,692 2,877 11,27 4 675 i.753 24,27 3,861 127
		3,73 l,20 1866) 45 3,180 (63) 22 133 92
	6 0 1 1	3,J72 10,570 62,130 3.10 3.10

�oteli:

The unaudited standalooe :es;.1lts for the quancr and nine months erided December] 1, 2019 h.a\'e been reviewed by the Audit Cummittee and approved by the Board of Direla'tors of the Company at their ineetings held on Februr..ry 6. 2020. The above results have beco subjected lo limited review by the stau ory auditors of the Company. Toe report cf the statutory auditors is unqualified.

1. 'Jbese financiBI results have been pttpcred in accordance with Indian Accounting Standards ('Ind AS') prescribed under sedon 133 ofthc Companies Act, 2013 read with the relevant rules thereunder and in renns of Regulation. 33 of the SEBJ (Lisrir;g Obligations and ffodosurc Requirements) Regulations, 20) 5 and relevant c.irculars issued thereunder.

2. Effective April l. 2019, the Company adopted lnd AS l i6 "Lease" on all lease contracts existing on April l, 2019 using the niodifiM retrospective method. Accorrlingly, comp.'lr:i.rivc for the year ended March 31, 2019 have not been adji1stcd rctrospcc.ti-.:dy, Oo tronsirion, the adoption of tbe standard resul:ed in reco1,'llition of Right of Use a ets (RolT) of R'i:. 1,690 lakhs and oet lease liability of Rs, 1,'590 lakhs. The effect of this adoption did nm have mater.la! impact OD the results for lhc quarter and niue mou!hs ended December 31, 2019

3. '!be Company is engaged i!'I pro.,.idi.ng vali.1e addc:d services in telccom b>.1.' n�s ll!ld its opern?iolls ere considered to constitute a sing.le reportable segment in the context of Ind AS 108� ''Operating: Segments''.

4. Exc.eytionnl item for the year ended Man;h 31, 2019 includes amount recorded tcwards impairmeot/ Write off cfinve.-.tmcnt in OnMobile Global Czech Republic S.R.O and OrJvlcbi\e PormgaJ SGPS, lhipe oal LDA {Zena Fornea Da Madeira) a.l'.h.1 PT Otimohile Indor.e�ia, wholly ownW subsidiaries of the Company.

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Pl2.ce: Mont[r] eal. Canada Date: Febr:iary 6, 2C20

BS R & Co. LLP Chartered Accountants

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Board of Directors ofOnmobilc Global Limited
We have reviewed the accompanying �tatcment of unaudited S1andalnnc fi=al r
Global Limited ( [00] 1he Company") for the quarter ended 3 I December :w 19 and )ear
for the period from I April 201910 31 Oecember2019 (" the 1a1emenn.
2. This Statement, which is the responsibilil) of the Compan) ·s man.igemerll and
Board of Directors. has been prepared in accordance with the recogniuon and measur t pril1Cl
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dov.n in Indian Accounting Standard 34 lntem11 Financ,af Reportm'i( 1-1nd , � 34"). proaibed
under SectJon 133 of the Companies Act, 2013. and other accounting principles enerally aoccpf.Cd
India and in compliance with Regulation 33 of the Lbting Regulations. Our r�ponsibihty IO
a report on the Statement based on our review.
'.\ e conducted our review of the tatemcnt in accordance v,ith the Standard on RC\ iew Ensl?l:lrDell!S
( RE) 2410 "Rei.·ien of lmerim Financial Jnformatwn Performed by the Inder e nfi Aw:lw:,ro
the £111,t [y ] • issued b,- the Institute of Chartered Accountants of India. This standard r,:quircs that
p13n and p.:rform the review to obtain moderate assurance as to whether the talement is free of
J ,.itcrial mi� tatemt:nt. A review is limited primarily to inquiries of company personnel and ancl.
proc,>Jur� applied to financial data and thus pro, ides less assurance than an audit \'c ha e not
p.:rform�d an audit and accordingly, we do not express an audit opinion.
4 B cd on our review conducted as above, nothing has come toouraltention that causes u 10 bdi e
th.: .i..:cumpany ing Statement, prepared in accordance with applicable ac ounting t:111d:ud and
recognised accounting practices and policies has nor disclo,;ed the information required to be d&
in term� of Regulation 33 of the EBI (Listing Obligations and Disclo ore Requiremenu) RCful
2015 including th.: manner in which it is to be disclosed. or that it contains an) material mi taiemenl..
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OnMobile Globid Limited

Statement of unaudited consolidated 1-esults for the qum1er and nine months ended December 31, 2019 Registered office: Tower I, 94/IC & 94/2, Vc ernsandrn Vilbtgc, [lc-ctronic City Phase-I, Bmg:tlun1- 560100

						Amo11111 in Rs Lnkhs excem d(lla /Jer xlwre	Amo11111 in Rs Lnkhs excem d(lla /Jer xlwre
			Oua11er ended		Nine months ended		Year ended
SI. No	Pm1iculars	December 31, 2019 (Ummdited)	Seplember 30, 2019 (Unaudited)	December 31, 2018 (Unaudited)	December 31, 2019 (Unaudited)	December 31, 2018 (Unaudited)	March31, 2019 (Audited)
I	ReYenue from Operations Telecom value added services	14.317	1-U7	15.247	42.640	45.057	59,386
	Other income (net)	341	239	(117)	973	2.631	2,902
	Total income	14,658	14,615	15,130	43,613	47,688	62,288
2	Expenses
	(a) Content f and royalty	6,360	6.325	6.378	18,502	18,537	24,424
	(b) Contest expenses, cost of software licenses and others	583	575	660	1,847	2,036	2,772
	(c) Employee benefts expense	3.983	4,212	4,445	12,543	13,670	17,768
	(d) Finance costs	43	31	4	114	8	8
	(e) Depreciation and amortisation expenses	355	472	596	1,501	2,139	2,722
	(f Other expenses	2,352	2.290	3.106	7,106	8.620	11.462
	Total expenses	13,676	13,905	15,189	41,613	45,010	59,156
3	Proft/ (Loss) befretax(1-2 )	982	7IO	(59)	2,000	2,678	3,132
4	Tax expense (a) Current ta- (b) Defrred tax	417 (86)	397 210	353 (131)	1,059 (29)	1,488 (477)	2,261 (1,019)
	Total tax	331	607	222	1,030	1,01t	1,242
5	Proft/ (Loss) fr the p.1iod / year(34)	651	103	(281)	970	1,667	1,890
6	Other comprehensive income
	A (i) Items that will not be reclassifed to proft or loss	(33)	(84)	(61)	(129)	(35)	(63)
	(ii) Income ta' relating to items that will not be reclassifed to proft or loss B. Items that will be reclassifed to proft or loss	440	267	21 /1,338)	4 725	12 /869)	22 /L227)
	Other comprehensive income	407	183	(1,378)	600	(892)	(1,268)
7	Total comprehensive income fr the pe1iod/ year (5+6 )	1,058	286	(1,659)	1,570	775	622
8	Paid up equity share capital (Face vaue of Rs 10/- each)	10,570	10,570	10,570	l0,570	10,570	10,570
9	Other equity						46,010
IO	Eaings per share (of Rs. 10 each) (not a ualised except for yea ended
	March 31, 2019)
	(a) Basic	0.62	0.10	(0,27)	0,92	1,58	L79
	(b) Diluted	0.62	0.10	(0,27)	0.92	1,58	L79
	Notes
I	(a) The unaudited consolidated results fr the quarter and nine months ended December 31, 2019 have on February 6, 2020. The above results have been subjected to limited re,•iew by the statutory auditors		been re,·ie\·ed by 1he Audit Committee and approved by the Board of Directors of the Company at their meetings held of the Company. The report of the statutory auditors is unqualifed.
	(b) Key numbers of Standalone Financial Results of the Company fr the quarter and nine months ended December 31. 2019 are as under:						Rs. in lakhs
			Quarter ended		Nine months ended		Year ended
	Pai1iculars	December31 2019	Se1Jtembe1·30 2019	December JI 2018	December 31 2019	December 31 2018	March 31, 2019
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	Total Income	5,736	5.579	7,353	16.675	22.613	28,134
	Proft befre Tax Net Proft afer Ta	985 806	740 447	1.527 ],371	1,484 1,034	3,736 3,289	3,734 3,280
	Standalone results ofOnMobile Global hmted are avrulable m mvestors section m w,Yw.onmobtle.com and also w11h the stock exchanges where 1t 1s				hsted.

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OnMobUe Global Limited. Statemtnt of U!!alldiCed ronsolh:Ulted results for the quarter and nlne months ended Dt.>cember 31, 2019 Rei:;isterr.d oflke: Tower I, 94/lC & 94/2, Vumsandn Vlllai:c, Elertronlc Qty Phase-I, Bengalurlt- 560100 2 These financial results have been prepared in a ordance with Indian Acrounting Standards ('Ind AS') prescribed under section 133 or lhe Compani� Act, 2013 read with the rclcve.nt rules thereur.C.cr .a.>td in terms of Rc:t,'llfafion 3 3 oft he SEBl (l.isting Obligtrions and Disclcs-Jre Requirements) Regulations, 1015 and relevant circulars issued Uiercunder. 3 The above rt:SUlts include eo�olidated resulls of the Company's subsidiaries : OnMobilc Singapore Pte Lirn.ited. PT OnMobile Indonesia (Liquidated), On�cbilc Europe B.V., Appland AB, OnMobile S.A .• OnMobile USA LLC. Servicios De Tctcfonia Or.Mobile SA DE CV, OnMobilc Ok�b3I SA, C>Mfobile Brasil Sistcmas de Valor Agregado Para Comunicacocs Mo\•eis Ltda, OnMobilc De Venezuela C.A, OnMobHe Global for Tckcomm11nicalion Services, 01W!obile Senegal SARI., OnMobilc Umguay S.A., On:..tohilc Bangladesh Private Limited, OnMobile ?-tali SARL, Ol)Mobile Servicios Cotp0111tlvos De Tdcfonia S.A. DE C.V., On.Mobile Kcny-.i Telecom Limited , OnMobik Tclccom Lin1i1c:d, O[n] lvfobilt: Global Spain S.L.U. OnMobile Cost> Rica OBCR SA ... OnMohile Ug Li..-nitcd, OnMobile Zambia Tel¢e0m Limited, OnMobik MadagasC3l Tclecorn Limit(({, OnMobilc Rwanda Tele,,;:orn Limited, On.'v!.obik Nigeria Tclew:n Limited, Onl\fobi!c Tam.ania Telecom Limited, OnMobile Ghana Telecom lirniled, OnM�bile Telecom (SL) Limited, OnMobi!e Global Solutions Csn!tda Limited, 01-.Mobile Global 11':!ly S.R.L, Onmobi!e Turkey Telckornunik.lsyon Sistemlcri Limited Sirketi, Onmohile Tele m Burlcina Faso, SARL, OnMobile Portugal SGPS Unipcssoal LDA (Zon.a Franea Da Madeira). Or .... ¥.obilc Live lnc., foncstnrz Media Group LimitCG.., 2dayl}K. Limited .• Fonestart Media (liCfflsing) Limited (Dissoh'Cd w.e.£ January 22, 2019), Oaius Liruilcd (Dissolved w.c.! January 22, 20L9), Foncstan Limited (Dissoh-ed w.e.f. J;muary 22, 20i9). Liv<.-wire Mobile (Aw:;traliB) PTY Limited (Dissolved w.e.£ Se_ptembcr 20, 2018), Foncstarz Media Limited (Di olved w.c.£ January 22, 2019), Or.Mobile Global Czech Republic s.r.o. (Dissolved w.e.£ August 29, 2019). Or.Mobile Global Limited Columbia SA.S., On.\fobile Global South Africa (PTV) LTD, OnMobilc L:itam Holding, S.L and OnMobilc Banglad�h Tcchnologi� Private Limted and associate Mobile Voice Kon.nect Private Limited. 4 Efft.ctivc April 1, 2019. the Company has adopted fND AS 116 "L�" on all lease oontract$ ex.isling on April 1, 2019using the modified retrospective method Accordingly, ccmparativcs for they<:arended Maf\�h 31, 2019 have not been adjusted retrospectively. On transition, the adoption of the �tanda.rd resulted in recognition of Right of Use a ls (RoU) of Rs. 1,837 lacs and net lease liabilily ofRs. l,837 laa. The effect of this adoption did not have a material impact on the tt3\llls for the quarter and nine months t:l!.dcd December 31, 2019. 5 As per IND AS 115 "Rev-enue from Contracts wilh Cusromcrs" company has accounted contract acquisition cosl as rccfoction in r ues for the nine month p(riod ended D-eccmbcr 31, 2019 amoi!nting to INR t,029 lakhs; excluding lhe i.ame gross revenue for repor1ing pr.riod would have been INR 43,669 lakhs. Y:or lhe quarter ended Deccmbcr 2019, the company accounted contract acquisi1i1>11 rost ofINR 568 lak.'1s; excluding the $8IDC, the gross m-cnuc for the qua."'1erwould be JN"'R 14,885 !akhs. 6 The Company is engaged in providing valu.e -dded services in tclccom business and its operati<:ins are considered to constitme a :single reportable segment in the oon1ext oflnd AS IO& • "Operating Segments" on Behalf cf Board ofDircaors /� FuhArks Slro;s ~ E)l,ecuth-cChainnan and ChicfExc.cutivc Officer Plaec: Monlrea1. Canada Date: February fl, 2020

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8 SR & Co. LLP

Chartered Accountants

EmbassyGoll unl-.s � l'l<t � +91l!O«l82:le00 Pebble BNc:h. B Bloc:x. 3rd Roar flfX •91 00 � l900 Off Intermediate R,,,g Road e.ngali.ltu56 71&l<M

To

Boa,d of Directors ofOnmobile Global Limited

• \Ve have reviewed the accompanying Statemeni of unaudited consolidated financial results of Onmobile Global Limited ("'the Parent'") and its subsidiaries (the Parent and its sub diancs � referred to as .. the Group"'). and its share of the net profit after tax and total comprehcnsJ\C income of its associate for the quarter ended 31 December 2019 and year to date resulb forthc p,enod from I April 2019 to 31 December 2019 ( .. the tatement"'). being submitted b) the Parcr.1 pUISuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and D1:;.elo�ure RequiremaltS, Regulations, 2015, as amended ("Listing Regulations').

• :!. This Statement, which is the responsibility of the Parent's management and appro�cd b) L'ie Parem·s Board of Directors, has b n prepared in accordance with the recognition and mc::isure.mcu principles laid down in Indian Accounting Standard 34 "lmerim Fi11c.1 1cial Reporting (-Joo AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accountini,; principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulatioos. 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 tandard oo Re..,iew Engagements (SRE) 2410 "Review of Interim Financial Information Performed b; the /nt.kpem/rn! Auditor of the Entity", issued by the Institute of Chartered Accoun1ants of India. A rt". ie\ ofimerim financial infonnation consists of making inquiries, primarily of persons responsible for finJnCi3.I and accounting matters, and applying analytical and other review procedure.,.. A n-:,iew is substantially less in scope than an audit conducted in accordance with tandards on Auditing alh1 consequently does not enable us to obtain assurance that ,,e would become a\1are of all i.ig:nifiaint matters that might be identified in an audit. Accordingly. we do not express :in audit opiruon.

We also performed procedures in accordance .\ith the circular issued b) the EB! under Rc,;ubt1on 33 (8) of the Listing Regulations. to the extent applicable.

1. The Statement includes the results of the following entities:

2. i. OnMobile Singapore Ptc. Ltd.

3. ii OnMobile !:>A.

4. iii. OnMobile Europe B.V. 1v. OnMobile Serv idos Corporntivo� De f cldonia <; \ m: C. .

5. v. 'icrvic1os De Telefonia 0111.lobile. 'i.\ *DL C*

6. vi. OnMob1!.: USA LU

7. vii Oni\lobile Global\,\

8. viii. ( JnMobile Bra�il Si tcm.,, I Jc \ ,1l01 \g1 cgJdo !',11,1 I 'omum,Jdl, • \foh'b l tJ.1 i . O11Mobile ( ,lohal ti II Id, c11111111u11i,::111un :-i,n 1, cs

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5 Based on our review condm:tcd and procedures performed a, �lated in paragraph 3 above, noth111g has come to our attention that cause:. us to believe that the accompan) ing Statement, prepared accordance with the rc ogmtion and mca5uremen1 principles laid dO\[T] I m the .iforesa1d lndian Accounting tandard and other a..:l.:ountmg principk, genciall} accepted in India, h.1s 110 d3clo:sed thc information rcl.juired to be disclosed 111 terms of Regubuon 33 of the l 1stm Regul t including the manner in which it is to be di,;clo�ed. or that it contJ.in, an� malcnal ir,ssi eniem

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