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OnMobile Global Ltd. Interim / Quarterly Report 2025

Jul 31, 2024

62296_rns_2024-07-31_413f2454-4d00-4b5d-9f5e-c3f957a72005.pdf

Interim / Quarterly Report

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

July 31, 2024

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 held on July 31, 2024 Ref: Our letter dated July 19, 2024 about Notice of Board Meeting

The Board of Directors of OnMobile Global Limited (‘the Company’) at their meeting held on Wednesday, July 31, 2024 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 ended June 30, 2024. 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 5.00 p.m. IST and concluded at 8.10 p.m. IST.

Request you to please take the same on record.

Thanking you,

Yours sincerely, For OnMobile Global Limited

Pakanati V Digitally signed by Pakanati V Varaprasa Varaprasad Date: 2024.07.31 d 20:14:13 +05'30' P V Varaprasad Company Secretary

Encl: a/a

OnMobile Global Limited Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited standalone results for the quarter ended June 30, 2024

Amount in Rs Millions except dataper share Amount in Rs Millions except dataper share Amount in Rs Millions except dataper share Amount in Rs Millions except dataper share
Quarter ended Year Ended
Sl.
No
Particulars June 30, 2024
(Unaudited)
March 31, 2024
(Audited) (Ref Note 6)
Jun 30, 2023
(Unaudited)
March 31, 2024
(Audited)
1
2
3
4
5
6
7
8
9
10
11
12
Revenue from Operations
Mobile entertainment services
Other income (Net) (Note No. 4)
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) Marketing expenses
(h) Other expenses
Total expenses
Profit before tax and exceptional items (1-2)
Exceptional items (Refer Note 5)
Profit before tax (3-4)
Tax expense:
(a) Current tax
(b) Current Tax expense relating to prior years
(c) Minimum Alternate Tax (MAT) credit entitlement
(d) Deferred tax
Total tax
Profit 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, 2024)
(a) Basic
(b) Diluted
404.25
4.19
386.17
48.94
531.74
43.49
1,671.11
297.44
408.44 435.11 575.23 1,968.55
9.62
4.04
33.25
187.70
5.62
17.44
37.48
97.00
11.69
12.74
27.15
185.42
8.16
17.66
80.74
150.81
32.18
13.52
38.33
187.47
4.46
18.42
129.37
96.50
74.79
34.73
125.67
751.79
21.63
72.84
390.69
447.86
392.15 494.37 520.25 1,920.00
16.29
(17.94)
(59.26)
(5.30)
54.98
-
48.55
(5.30)
(1.65)
4.30
-
-
(1.14)
(64.56)
20.55
(23.95)
-
6.3
54.98
17.40
-
(6.90)
(2.61)
43.25
28.48
(23.95)
-
9.65
3.16 2.90 7.89 14.17
(4.81) (67.46) 47.09 29.07
1.39
(0.41)
(7.94)
-
(11.42)
(4.81)
7.59
-
10.80
(3.15)
(7.48)
-
2.53
(0.74)
(16.89)
-
(6.96) (8.64) 0.17 (15.10)
(11.77) (76.10) 47.26 13.98
1,063.21 1,062.14 1,060.70 1,062.14
6,013.55
(0.05)
(0.05)
(0.64)
(0.64)
0.44
0.44
0.27
0.27

OnMobile Global Limited Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited standalone results for the quarter ended June 30, 2024

  • 1 The unaudited standalone results for the quarter ended June 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on July 31, 2024. The above results have been subjected to limited review by the statutory auditors of the Company. The review report of the statutory auditors is unmodified.

  • 2 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

  • 3 As per Ind AS 108, Operating segments, the Company has disclosed the segment information only as part of the consolidated financial results.

  • 4 Other income for the year ended March 31, 2024 includes Rs. 25.30 Million on account of writeback of intercompany payables (net off receivables) with respect to subsidiaries / overseas branches which are either liquidated or are in the process of liquidation on account of cessation of operations.

  • 5 Exceptional items include –

  • a) Amount recorded towards impairment of investments in wholly owned subsidiaries – Rs. 5.30 Million for the quarter and year ended March 31, 2024 b) Head count restructuring and optimization cost of Rs. 17.94 Million for the quarter ended June 30, 2024

  • 6 The figures for the 3 months ended March 31, 2024 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

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

FRANCOIS Digitally signed by FRANCOIS CHARLES CHARLES SIROIS Date: 2024.07.31 SIROIS 17:56:20 +05'30'

François-Charles Sirois Executive Chairman & CEO

Place: Madrid Date: July 31, 2024

Embassy Golf Links Business Park Pebble Beach, B Block, 3rd Floor No. 13/2, off Intermediate Ring Road Bengaluru - 560 071, India Telephone: +91 80 4682 3000 Fax: +91 80 4682 3999

B S R & Co. LLP Chartered Accountants

Limited Review Report on unaudited standalone financial results of Onmobile Global Limited for the quarter ended 30 June 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of Onmobile Global Limited

  1. We have reviewed the accompanying Statement of unaudited standalone financial results of Onmobile Global Limited (hereinafter referred to as “the Company”) for the quarter ended 30 June 2024 (“the Statement”).

  2. This Statement, which is the responsibility of the Company’s management and approved by its 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 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“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. 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.

  4. Attention is drawn to the fact that the figures for the three months ended 31 March 2024 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

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

Page 1 of 2

B S R & Co. LLP

Limited Review Report (Continued) Onmobile Global Limited

  1. 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 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: 2024.07.31 18:13:29 +05'30'

Praveen Kumar Jain

Partner

Bangalore 31 July 2024

Membership No.: 079893 UDIN:24079893BKEYYA5813

Page 2 of 2

OnMobile Global Limited

Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited consolidated results for the quarter ended June 30, 2024

Amount in Rs Millions except dataper share Amount in Rs Millions except dataper share Amount in Rs Millions except dataper share Amount in Rs Millions except dataper share
Quarter ended Year ended
**Sl. No ** Particulars June 30, 2024
(Unaudited)
March 31, 2024
(Audited) (Ref Note 6)
Jun 30, 2023
(Unaudited)
March 31, 2024
(Audited)
1
2
3
4
5
6
7
8
9
10
11
12
13
12
13
14
Revenue from Operations
Mobile entertainment 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) Marketing expenses
(h) 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)
Exceptional Items (Refer note 5)
Profit before tax (5+6)
Tax expense
(a) Current tax
(b) Current tax expense relating to prior years
(c) Deferred tax
(d) Minimum Alternate Tax (MAT) credit entitlement
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)
Profit attributable to:
Owners of the Company
Non-controlling interests
Total comprehensive income attributable to:
Owners of the Company
Non-controlling interests
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, 2024)
(a) Basic
(b) Diluted
1,234.95
2.04
1,226.81
34.69
1,370.64
41.36
5,132.40
201.77
1,236.99 1,261.50 1,412.00 5,334.17
581.73
10.10
41.17
290.11
12.88
80.33
220.66
99.07
560.99
15.60
28.84
263.57
17.50
26.70
213.54
117.39
559.39
16.43
40.77
281.03
5.06
28.72
230.61
128.81
2,345.00
42.98
137.54
1,082.00
45.61
112.14
859.05
444.56
1,336.05 1,244.13 1,290.82 5,068.88
(99.06) 17.37 121.18 265.29
0.15 (0.36) 0.14 0.09
(98.91) 17.01 121.32 265.38
(38.70) - - -
(137.61)
14.56
-
0.76
-
17.01
41.32
(22.56)
5.06
-
121.32
22.78
-
6.94
(6.90)
265.38
89.05
(22.56)
45.73
-
15.32 23.82 22.82 112.22
(152.93)
1.39
(0.41)
25.16

-
(6.81)
(11.42)
(4.81)
(88.34)
-
98.50
10.80
(3.15)
(101.91)
-
153.16
2.53
(0.74)
(184.79)
-
26.14 **(104.57) ** **(94.26) ** (183.00)
(126.79) (111.38) 4.24 (29.84)
(153.15)
0.22
(5.91)
(0.90)
98.34
0.16
152.37
0.79
(152.93) (6.81) 98.50 153.16
(126.79)
-
(111.38)
-
4.24
-
(29.84)
-
(126.79) (111.38) 4.24 (29.84)
1,063.21 1,062.14 1,060.70 1,062.14
5,434.53
(1.44)
(1.44)
(0.07)
(0.08)
0.93
0.93
1.44
1.43

OnMobile Global Limited

Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited consolidated results for the quarter ended June 30, 2024

  • 1 (a) The unaudited consolidated results for the quarter ended June 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on July 31, 2024. 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 ended June 30, 2024 are as under:

Amount in Rs. Millions Amount in Rs. Millions Amount in Rs. Millions Amount in Rs. Millions
Particulars Quarter ended Year ended
June 30, 2024
(Unaudited)
March 31, 2024
(Audited)
June 30, 2023
(Unaudited)
March 31, 2024
(Audited)
Total Income
Profit before Tax
Net Profit after Tax
408.44
(1.65)
(4.81)
435.11
(64.56)
(67.46)
575.23
54.98
47.09
1,968.55
43.25
29.07

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.

  • 2 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.

  • 3 The above results include consolidated results of the Company's subsidiaries : OnMobile Singapore Pte Limited, OnMobile Europe B.V., ONMO Sweden AB (formerly known as “Appland AB”), 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 Rwanda Telecom Limited, OnMobile Nigeria Telecom Limited, OnMobile Tanzania Telecom Limited, OnMobile Global Solutions Canada Limited, OnMobile Global Italy S.R.L, Onmobile Turkey Telekomunikasyon Sistemleri Limited Şirketi, Onmobile Telecom Burkina Faso, SARL, ONMO Inc (erstwhile OnMobile Live Inc.), 2dayUK Limited., OnMobile Global South Africa (PTY) LTD, OnMobile South Africa Technologies (PTY) Limited), OnMobile Bangladesh Technologies Private Limited, S.L, 9447-9029 Quebec Inc. (formerly known as Les Productions Back to the Game Inc.) and Technologies Rob0 Inc and associate Mobile Voice Konnect Private Limited.

  • 4 The Company is engaged in providing Mobile Entertainment Services and its operations are considered to constitute a single reportable segment in the context of Ind AS 108 - “Operating Segments”.

  • The geographical information analysis of the Group’s revenues and non-current assets by the Company’s country of domicile (i.e. India) and other countries is as below. In presenting the geographical information, segment revenue has been based on the geographic location of customers and segment assets which have been based on the geographical location of the assets.

Geographical information Quarter ended Quarter ended Quarter ended Year Ended
Sl.
**No **
Particulars June 30, 2024
(Unaudited)
March 31, 2024
(Audited)
Jun 30, 2023
(Unaudited)
March 31, 2024
(Audited)
1
2
Revenue from Operations
Mobile entertainment services :
India
Europe
Africa
Latin America and United States of America
Rest of the World
203.07
638.58
236.80
77.30
79.20
193.87
667.60
199.46
80.13
85.75
384.83
607.83
209.82
75.32
92.84
972.04
2,649.16
833.56
319.50
358.14
Total revenue 1,234.95 1,226.81 1,370.64 5,132.40
Non-Current Assets*
India
Europe
Africa
Latin America and United States of America
Rest of the World
835.60
1,348.21
133.27
2,438.92
84.66
952.60
1,334.68
125.34
2,457.62
85.09
358.29
1,306.20
124.65
1,970.29
777.35
952.60
1,334.68
125.34
2,457.62
85.09
Total 4,840.66 4,955.33 4,536.78 4,955.33

*- excluding Financial Instruments and Deferred Tax Assets

  • 5 Exceptional items represents Head count restructuring and optimization cost of Rs. 38.70 Million for the quarter ended June 30, 2024.

  • 6 The figures for the 3 months ended March 31, 2024 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

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

FRANCOIS Digitally signed by FRANCOIS CHARLES CHARLES SIROIS SIROIS Date: 2024.07.31 17:55:17 +05'30'

François-Charles Sirois Executive Chairman & CEO

Place: Madrid Date: July 31, 2024

Embassy Golf Links Business Park Pebble Beach, B Block, 3rd Floor No. 13/2, off Intermediate Ring Road Bengaluru - 560 071, India Telephone: +91 80 4682 3000 Fax: +91 80 4682 3999

Chartered Accountants

B S R & Co. LLP

Limited Review Report on unaudited consolidated financial results of Onmobile Global Limited for the quarter ended 30 June 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of Onmobile Global Limited

  1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Onmobile Global Limited (hereinafter referred to as “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 income of its associates for the quarter ended 30 June 2024 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (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 Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

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

  2. Onmobile Global Limited (Parent)

  3. OnMobile Singapore Pte. Ltd.

  4. 3.OnMobile Europe BV

  5. 4.Servicios De Telefonia OnMobile SA De CV

  6. 5.OnMobile Global SA

  7. 6.OnMobile De Venezuela CA

  8. 7.OnMobile Brasil Sistemas De Valor Agregado Para Comunicacoes Moveis Ltd.

  9. 8.OnMobile Global for Telecommunication Services

  10. 9.OnMobile Uruguay SA

  11. 10.OnMobile Senegal SARL

  12. 11.OnMobile Mali SARL

  13. 12.OnMobile Bangladesh Private Limited

  14. 13.OnMobile Kenya Telecom Limited

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

Page 1 of 3

B S R & Co. LLP

Limited Review Report (Continued) Onmobile Global Limited

14.OnMobile Telecom Limited

15.OnMobile Costa Rica OBCR, SA

16.OnMobile Global Spain, S.L.U.

17.OnMobile Tanzania Telecom Limited

18.OnMobile Zambia Telecom Limited

19.OnMobile Uganda Limited

20.OnMobile Rwanda Telecom Limited

  • 21.OnMobile Nigeria Telecom Limited

  • 22.OnMobile Global Solutions Canada Limited

23.OnMobile Global Italy SRL

  • 24.OnMobile Turkey Telekomunikasyon Sistemleri Limited Şirketi

25.OnMobile Telecom Burkina Faso, SARL

26.ONMO, Inc.

  • 27.2DayUK Limited

  • 28.OnMobile Global South Africa (RF) (PTY) Ltd.

29.ONMO Sweden AB (formerly known as “Appland AB”)

30.OnMobile Bangladesh Technologies Private Limited

31.Technologies rob0 Inc.

32.OnMobile South Africa Technologies (PTY) Ltd.

33.Onmobile USA LLC

34.Mobile Voice Konnect Private Limited

  1. Attention is drawn to the fact that the figures for the three months ended 31 March 2024 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

Page 2 of 3

B S R & Co. LLP

Limited Review Report (Continued) Onmobile Global Limited

  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: 2024.07.31 18:14:26 +05'30'

Praveen Kumar Jain

Bangalore 31 July 2024

Partner Membership No.: 079893 UDIN:24079893BKEYYB6167

Page 3 of 3