OnMobile Global Ltd. — Interim / Quarterly Report 2021

Nov 9, 2021

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 09, 2021

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 27, 2021 informing about the Board meeting scheduled on November 09, 2021.

The Board of Directors of OnMobile Global Limited (‘the Company’) at their meeting held on Tuesday, November 09, 2021 in Dubai, UAE, 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, 2021. 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 12.15 p.m Dubai Time (i.e 1.45 p.m IST) and concluded at 6.30 p.m Dubai Time (i.e 8.00 p.m IST).

Request you to please take the same on record.

Thanking you, Yours sincerely, For OnMobile Global Limited

==> picture [141 x 31] intentionally omitted <==

P.V. Varaprasad

==> picture [54 x 53] intentionally omitted <==

Company Secretary

Encl: a/a

OnMobile Global Limited Statement of unaudited standalone results for the quarter and half year ended September 30, 2021 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

		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, 2021	June 30, 2021	September 30, 2020	September 30, 2021	September 30, 2020	March 31, 2021
		(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, 2021) (a) Basic (b)Diluted	4,591 75	4,826 447	4,672 191	9,417 522	9,608 448	19,468 1,726
		4,666	5,273	4,863	9,939	10,056	21,194
		205 81 293 2,406 14 155 1,347	346 106 213 2,072 14 155 1,002	299 133 280 2,377 24 217 1,143	551 187 506 4,478 28 310 2,349	703 243 521 4,386 55 447 2,292	1,383 511 940 9,174 90 834 5,115
		4,501	3,908	4,473	8,409	8,647	18,047
		165 -	1,365 -	390 -	1,530 -	1,409 -	3,147 (837)
		165 62 37	1,365 403 45	390 120 74	1,530 465 82	1,409 483 124	2,310 833 316
		99	448	194	547	607	1,149
		66	917	196	983	802	1,161
		(46) 13 30 -	38 (11) (7) -	17 (5) (41) -	(8) 2 23 -	(32) 9 (26) -	8 (2) (49) -
		(3)	20	(29)	17	(49)	(43)
		63	937	167	1,000	753	1,118
		10,532	10,480	10,345	10,532	10,345	10,450 59,693
		0.06 0.06	0.88 0.86	0.19 0.19	0.94 0.92	0.77 0.77	1.12 1.11

OnMobile Global Limited Statement of unaudited standalone results for the quarter and half year ended September 30, 2021 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Notes:

1. STANDALONE BALANCE SHEET

	Amount in Rs. Lakhs	Amount in Rs. Lakhs
Particulars	As at September 30,2021	As at March 31,2021
ASSETS Non-Current Assets Property, plant and equipment Capital work-in-progress Intangible assets Intangible assets under development Right-of-use asset 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 Income tax liabilities (net) Other current liabilities TOTAL- EQUITY AND LIABILITIES	(Unaudited)	(Audited)
	995 34 20 89 652 29,373 794 2,699 10,516 5,441	1,068 35 22 - 727 32,040 787 2,699 10,562 5,523 1,499
	2,160
	52,773	54,962
	5,771 4,433 4,019 2,364 4,320 8,630 1,075	7,917 3,480 2,089 3,660 1,998 7,007 1,256
	30,612	27,407
	83,385	82,369
	10,532 59,400	10,450 59,693
	69,932	70,143
	553 1,267	617 1,355
	1,820	1,972
	122 - 7,352 2,136 53 761 1,209	113 - 7,307 865 48 759 1,162
	11,633	10,254
	83,385	82,369

OnMobile Global Limited Statement of unaudited standalone results for the quarter and half year ended September 30, 2021 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

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, 2021	September 30, 2020	March 31,2021
		(Unaudited)	(Unaudited)	(Audited)
	CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period/year Adjustments to reconcile profit for the period/year to net cash flows: Tax expenses recognised in the statement of profit and loss Depreciation and amortisation expenses Impairment of investment in subsidiaries Unrealised foreign exchange loss Bad debts written off Gain on disposal of property, plant and equipment (net) Gain on sale/redemption of investment (net) Gain on lease termination Provision for doubtful trade and other receivables (net) Share based payments Dividend income Finance cost Interest income Operating profit before working capital changes Change in operating assets and liabilities: Trade receivables Other assets Trade payables, provisions 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 tangible and intangible assets Loan to subsidiary Loan repaid by subsidiary Proceeds from sale of tangible assets Sale, redemption / (purchase) of short term investments (net) Sale, redemption / (purchase) of long term investments (net) Sale / (purchase) of investment in subsidiaries (net) Changes in other bank balances Dividend received Interest received Net cash (used in) / generated from investing activities CASH FLOW FROM FINANCING ACTIVITIES Finance cost Payment of lease liabilities Proceeds form exercise of ESOPs (including premium) Buy back of equity share capital (including premium) Expenses for buy back of equity shares Dividend paid on equity shares including tax thereon Net cash (used in) / generated from financing activities Net increase / (decrease) in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the period/year Effect of exchange differences on translation of foreign currency cash and cash equivalents Cash and cash equivalents at the end of theperiod /year	983 547 310 - 72 - (4) (60) - 74 63 - 28 (283)	802 607 447 - 483 - (1) (120) (13) (83) 57 - 55 (309)	1,161 1,149 834 837 648 151 (40) (213) (112) 85 89 (746) 90 (583)
		747	1,123	2,189
			1,925 (366) (714) (485)	3,350 800 (921) (544)
		1,730 (1,030) (3,039) (5)
		(4,074)	(1,565)	(665)
		(2,344) (455)	360 (535)	2,685 (1,009)
		(2,799)	(175)	1,676
		(243) (4,447) 1,904 6 5,739 (807) - 1,296 308 746	(340) (2,244) - 1 5,002 19 (554) (5) - 38	(664) (4,286) 3,629 42 7,845 (3,068) (554) (3,499) - 495
		4,502	1,917	(60)
		(28) (55) 303 - - -	(55) (175) - (615) (65) -	(90) (311) 376 (615) (71) (1,552)
		220	(910)	(2,263)
		1,923	832	(647)
		2,089 7 4,019	2,768 (99) 3,501	2,768 (32) 2,089

Notes:

3 The unaudited standalone results for the quarter and half year ended September 30, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on held on November 8, 2021 and November 9, 2021 respectively. The above results have been subjected to limited review by the statutory auditors of the Company. The report of the statutory auditors is unmodified.

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, 2021 includes amount recorded towards impairment of investment in wholly owned subsidiaries.

7 During the quarter ended June 30, 2021, the Company has invested a total amount of Rs. 3,187 lakhs in Tech4billion Media Private Limited (Chingari), a Company which is involved in providing end users a video sharing social media platform. Subsequent to the September 30, 2021, the Company has made additional investment of Rs. 1,107 lakhs in Chingari.

8 The Company has declared a dividend of Rs. 1.50 per share amounting to Rs. 1,579 lakhs towards final dividend for the year ended March 31, 2021, as approved by the shareholders in the Annual General Meeting held on September 29, 2021. The Company has paid off the dividend subsequently in the month of October 2021.

For and on behalf of Board of Directors of Onmobile Global Limited

François-Charles Sirois

Executive Chairman

Place: Dubai, UAE Date: November 9, 2021

B S R & Co. LLP

Chartered Accountants

Embassy Golf Links Business Park, Pebble Beach, B Block, 3[rd] Floor, Off Intermediate Ring Road, Bengaluru-560 071 India

Telephone: + 91 80 4682 3000 Fax: + 91 80 4682 3999

Limited review report on unaudited quarterly standalone financial results and standalone yearto-date results under Regulation 33 of the Listing Regulations

To

Board of Directors of Onmobile Global Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of Onmobile Global Limited (“the Company”) for the quarter ended September 30, 2021 and year to date results for the period from April 1, 2021 to September 30, 2021 (“the Statement”).

2. 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.

3. 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.

4. 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 No.: 101248W/W-100022

PRAVEEN

KUMAR JAIN

Digitally signed by PRAVEEN KUMAR JAIN Date: 2021.11.09 16:44:56 +05'30'

Praveen Kumar Jain Partner Membership No. 079893 UDIN: 21079893AAAABW6461

Place: Bengaluru Date: November 9, 2021

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

OnMobile Global Limited Statement of unaudited consolidated results for the quarter and half year ended September 30, 2021 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

		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			Halfyear ended		Year ended
**Sl. No **	Particulars	September 30, 2021 (Unaudited)	June 30, 2021 (Unaudited)	September 30, 2020 (Unaudited)	September 30, 2021 (Unaudited)	September 30, 2020 (Unaudited)	March 31, 2021 (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 expenses (e) Finance costs (f) Depreciation and amortisation expenses (g) Other expenses Total expenses Profit before share of profit/(loss) of associates, exceptional items and tax (1 - 2) Share of profit/(loss) of associates Profit before tax and exceptional items (3+4)	13,043 69	12,877 360	13,997 146	25,920 429	28,081 464	55,129 1,007
		13,112	13,237	14,143	26,349	28,545	56,136
		6,433 85 329 3,259 19 275 2,039	6,365 107 251 3,001 15 265 1,725	6,543 133 350 3,681 25 330 1,915	12,798 192 580 6,260 34 540 3,764	13,139 243 653 7,075 55 667 3,620	26,207 513 1,170 14,023 93 1,280 6,622
		12,439	11,729	12,977	24,168	25,452	49,908
		673	1,508	1,166	2,181	3,093	6,228
		16	(6)	(17)	10	(17)	(57)
		689	1,502	1,149	2,191	3,076	6,171
		(160)	732	-	572	-	466
	Exceptional items - net (refer note 7 and 8)
	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, 2021) (a) Basic (b) Diluted
		529 211 52	2,234 511 82	1,149 300 88	2,763 722 134	3,076 929 177	6,637 1,576 463
		263	593	388	856	1,106	2,039
		266 (45) 13 (385) -	1,641 38 (11) 71 -	761 17 (5) 733 -	1,907 (7) 2 (314) -	1,970 (32) 9 710 -	4,598 8 (2) 776 -
		**(417) **	98	745	**(319) **	687	782
		(151)	1,739	1,506	1,588	2,657	5,380
		10,532	10,480	10,345	10,532	10,345 -	10,450 52,161
		0.25 0.25	1.57 1.54	0.74 0.74	1.82 1.79	1.90 1.90	4.42 4.41

OnMobile Global Limited

Statement of unaudited consolidated results for the quarter and half year ended September 30, 2021 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Notes:

1 Consolidated Balance Sheet

otes: Consolidated Balance Sheet
	Amount in Rs. lakhs
Particulars	As at September 30, 2021 (unaudited)	As at March 31, 2021 (Audited)
ASSETS Non-Current Assets Property, plant and equipment Capital work in progress Goodwill Other intangible assets Intangible asset under development 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 Other financial assets Other current assets TOTAL - ASSETS EQUITY AND LIABILITIES Equity Equity share capital Other equity Non-Current Liabilities Financial liabilities Lease liabilities Provisions Deferred tax liabilities (net) Current Liabilities Financial liabilities Lease liabilities Trade payables Other financial liabilities Provisions Income tax liabilities (net) Other current liabilities TOTAL - EQUITY AND LIABILITIES -Total outstanding dues of creditors other than micro and small enterprises -Total outstanding dues of micro and small enterprises	1,473 34 6,785 1,377 3,976 676 3,187 542 14,442 5,546 7,836	1,544 137 5,967 1,685 1,827 767 6,155 542 14,960 5,704 4,706
	45,874	43,994
	5,771 16,505 9,650 2,364 68 55 5,779 4,653	7,917 15,168 9,184 3,660 75 257 5,436 4,932
	44,845	46,629
	90,719	90,623
	10,532 52,411	10,450 52,161
	62,943	62,611
	553 1,267 86	617 1,355 11
	1,906	1,983
	143 - 17,863 2,572 339 2,586 2,367	150 - 18,618 1,552 429 3,079 2,201
	25,870	26,029
	90,719	90,623

OnMobile Global Limited

Statement of unaudited consolidated results for the quarter and half year ended September 30, 2021 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

2 Consolidated Cash Flow Statements

Consolidated Cash Flow Statements
	Amount in Rs. Lakhs
Particulars	Six month ended	Six month ended	Year ended
	September 30, 2021	September 30, 2020	March 31, 2021
	(Unaudited)	(Unaudited)	(Audited)
A. CASH FLOW FROM OPERATING ACTIVITIES Profit for the period/year Adjustments to reconcile profit for the period/year to net cash flows: Tax expense recognised in the consolidated statement of profit and loss Share of (profit)/loss from associate Depreciation and amortisation expenses Exceptional items Unrealised foreign exchange loss/ (gain) Bad debts written off Gain on disposal of Property plant and equipment (net) Gain on sale/ redemption of investment (net) Provision for doubtful trade receivables (net) Gain on lease termination Share based payments Finance costs Interest income Operating profit before working capital changes Changes in operating assets and liabilities: Trade receivables Other assets Trade payable, provisions and other liabilities Cash 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 tangible and intangible assets Proceeds from sale of tangible and intangible assets Sale, redemption / (purchase) of short term investment (net) Sale, redemption / (purchase) of long term investments (net) Consideration paid towards business combination, net of cash acquired Changes in other bank balances Interest received Net cash (used in) / generated from investing activities C. CASH FLOW FROM FINANCING ACTIVITIES Finance cost Repayment of lease liabilities Proceeds from exercise of ESOPs (including premium) Buy back of equity share capital (including premium) Expenses for buyback of equity shares Dividend paid on equity shares including tax thereon Net cash (used in) / generated from financing activities Net increase in cash and cash equivalents (A+B+C) Cash and cash equivalents at the beginning of the period/year Cash and cash equivalents at the end of the period/year Effect of exchange differences on translation of foreign currency cash and cash equivalents	1,907 856 (10) 540 (572) (245) - (4) (60) 203 - 63 34 (269)	1,970 1,106 - 667 - 128 10 (120) (1) (13) 57 55 (296)	4,598 2,039 57 1,280 (466) 14 164 (47) (213) (188) (112) 89 93 (552)
	536	1,593	2,158
	2,443 (1,409) (3,816) (890)	3,563 (1,725) (789) (1,619)	6,756 667 1,048 (2,716)
	(6,115)	(4,133)	(1,001)
	(3,672) (589)	(570) (1,271)	5,755 (1,814)
	(4,261) (1,785) 6	(1,841) (867) 1 5,002 (507) - (5) 25	3,941 (2,578) 86 7,845 (3,610) - (3,499) 465
	5,797 (899)
	(192) 1,296 294
	4,517	3,649	(1,291)
	(34) (70) 303 - - -	(55) (206) - (614) (66) -	(93) (370) 376 (615) (71) (1,552)
	199	(941)	(2,325)
	455 9,184 11	867 8,951 (187)	325 8,951 (92)
	9,650	9,631	9,184

OnMobile Global Limited Statement of unaudited consolidated results for the quarter and half year ended September 30, 2021 Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100

CIN: L64202KA2000PLC027860 Website: www.onmobile.com

• 3 (a) The unaudited consolidated results for the quarter ended September 30, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on November 8, 2021 and November 9, 2021 respectively. The above results have been subjected to limited review by the statutory auditors of the Company. The report of the statutory auditors is unmodified.

• (b) Key numbers of Standalone Financial Results of the Company for the quarter and half-year ended September 30, 2021 are as under:

	Amount in Rs. Lakhs	Amount in Rs. Lakhs	Amount in Rs. Lakhs	Amount in Rs. Lakhs	Amount in Rs. Lakhs	Amount in Rs. Lakhs
Particulars	Quarter ended			Half Year Ended		Year Ended
	September 30, 2021 (Unaudited)	June 30, 2021 (Unaudited)	September 30, 2020 (Unaudited)	September 30, 2021 (Unaudited)	September 30, 2020 (Unaudited)	March 31, 2021 (Audited)
Total Income Profit before tax Netprofit after tax	4,666 165 66	5,273 1,365 917	4,863 390 196	9,939 1,530 983	10,056 1,409 802	21,194 2,310 1,161

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, 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 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 Limited Columbia S.A.S., OnMobile Global South Africa (PTY) LTD, OnMobile Bangladesh Technologies Private Limited, OnMobile Latam Holding, S.L, Les Productions Back to the game Inc. and Technologies Rob0 Inc and associate Mobile Voice Konnect Private Limited.

• 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 On May 22, 2020, OnMobile Global Solutions Canada Ltd. (“OnMobile Canada”), 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 (Rs. 543 lakhs). The Group had accounted for this investment as an equity accounted associate. Further, the Group has done the fair valuation of the option as at March 31, 2021 and recognised an amount of Rs 185 lakhs as Derivative asset as a current financial asset.

• During the current quarter, OnMobile Canada has acquired 100% equity interest in Les Productions Back to the Game Inc (“Les Productions”), the parent company of Rob0, vide Share Purchase Agreement (‘SPA’) dated August 1, 2021 for a total consideration of CAD 20 lakhs (Rs. 1,192 lakhs). The said transaction falls under the purview of Ind AS 103 Business Combination, the relevant accounting of which has been included in these results. On account of this transaction, OnMobile Canada and ultimately, OnMobile Global Limited has gained control over both Les Productions and Rob0. Rob0 acquisition is a step up acquisition and accordingly, as at August 1, 2021, the investment held in associate (Rob0) has been fair valued. Further, the Company has not exercised the option to acquire the balance 25% of Rob0 and the derivative asset has been written off. The net impact of this transaction amounting to Rs. 160 lakhs has been shown as exceptional item in profit and loss account.

• 8 During the year ended March 31, 2021, the Company had renegotiated and amended the payment terms and parameters of the earnout payable towards acquisition of Appland AB ("Appland"). Based on the amended agreeement, which was valid till June 30, 2021, the earn out liability has been capped at Rs. 732 lakhs (USD 10 lakhs). Accordingly, an amount of Rs. 466 lakhs had been reversed as on March 31, 2021. Such reversal had been disclosed as an exceptional item.

• During the quarter ended June 30, 2021, since Appland was not able to achieve the amended parameters and upon expiry of the term of the amended agreement, the management has concluded that no further payment would be made against the earnout liability and accordingly, the amount of Rs. 732 lakhs has been reversed and disclosed as an exceptional item.

• 9 During the quarter ended June 30, 2021, the Company has invested a total amount of Rs. 3,187 lakhs in Tech4billion Media Private Limited (Chingari), a Company which is involved in providing end users a video sharing social media platform.

• Subsequent to September 30, 2021, the Company has made additional investment of Rs. 1,107 lakhs in Chingari.

• 10 The Company has declared a dividend of Rs. 1.50 per share amounting to Rs. 1,579 lakhs towards final dividend for the year ended March 31, 2021, as approved by the shareholders in the Annual General Meeting held on September 29, 2021. The Company has paid off the dividend subsequently in the month of October 2021.

For and on behalf of Board of Directors of Onmobile Global Limited

François-Charles Sirois Executive Chairman

Place: Dubai, UAE Date: November 9, 2021

Chartered Accountants

B S R & Co. LLP

Embassy Golf Links Business Park, Pebble Beach, B Block, 3[rd] Floor, Off Intermediate Ring Road, Bangaluru-560 071 India

Telephone: + 91 80 4682 3000 Fax: + 91 80 4682 3999

Limited review report on unaudited quarterly consolidated financial results and consolidated yearto-date results under Regulation 33 of the Listing Regulations

To

Board of Directors of Onmobile Global Limited

1. 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 profit after tax and total comprehensive loss of its associates for the quarter ended September 30, 2021 and year to date results for the period from April 1, 2021 to September 30, 2021 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

2. 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.

3. 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. 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:

2. i. OnMobile Singapore Pte. Ltd.

3. ii. OnMobile SA. (Erstwhile Telisma SA)

4. iii. OnMobile Europe B.V.

5. iv. Servicios De Telefonia OnMobile, SA DE CV

6. v. OnMobile USA LLC

7. vi. OnMobile Global S A

8. vii. OnMobile Brasil Sistemas De Valor Agregado Para Comunicacoes Moveis Ltda

9. viii.OnMobile Global for Telecommunication Services

10. ix. OnMobile Senegal SARL

11. x. OnMobile De Venezuela C.A.

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

B S R & Co. LLP

Onmobile Global Limited

Limited review Report (continued)

• xi. OnMobile Latam Holdings SL 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, S 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. �����������������������������������������������������������

• xxxi. OnMobile Telecom Burkina Faso, SARL

• xxxii. OnMobile Portugal SGPS, Unipessoal LDA (Zona Franca Da Madeira)

• xxxiii. OnMobile Live Inc xxxiv. 2dayUK Limited

• xxxv. OnMobile Global Limited Colombia S.A.S.

• xxxvi. OnMobile Global Solutions Canada Limited xxxvii. OnMobile Global South Africa (PTY) Limited

• xxxviii. Appland AB

• xxxix. Les Productions Back to the Game Inc

• xl. Technologies Rob0 Inc

B S 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 No.: 101248W/W-100022

PRAVEEN KUMAR JAIN

Digitally signed by PRAVEEN KUMAR JAIN Date: 2021.11.09 16:40:23 +05'30'

Praveen Kumar Jain

Partner Membership No.: 079893 UDIN: ������������������

Place: Bengaluru Date: November 9, 2021