OnMobile Global Ltd

Meeting Details

• Board meeting scheduled Oct 28, 2026, via Zoom Video Conference at Bangalore address.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended Sep 30, 2026.

Other Notes

• Conference call to discuss results on Oct 29, 2026 at 04:00 PM IST.

OnMobile Global Limited — Trading Window closed for Designated Persons and Insiders from October 01, 2026, till expiry of 48 hours after the declaration of unaudited financial results of the Company for the quarter ended September 30, 2026.

Investigation status

• Audit Committee engaged independent law firm for a fact-finding investigation into former consultant allegations.
• Investigation is underway with no conclusions reached at this stage.
• Company will disclose material developments as required based on investigation outcomes.
• Allegations may have legal or compliance implications for operations.

Filing Status

• This chunk contains only wrapper metadata and the cover letter; no management remarks.
• Transcript content for Q1 FY2026-27 Investors' Call is not included here.

ESOP grant details

• 390,000 ESOPs granted to eligible employees under Employee Stock Option Plan 1, 2012.
• Grant approved by Nomination & Compensation Committee via circular resolution dated August 18, 2026.
• Total shares covered: 390,000 equity shares of face value Rs 10 each.
• Pricing is Fair Market Value on the date of passing the circular resolution.
• Vesting minimum period is one year; schedule to be determined by N&CC.
• Exercise window is five years from the vesting date.
• Scheme complies with SEBI SBEB Regulations, 2021.
• Plan administered by Nomination & Compensation Committee.
• No options vested or exercised yet; no money realized.

AGM Details

• Date of AGM: 11-08-2026; voting via remote and during AGM.
• Shareholders on record: 77,641; attendance via video conferencing.

Key Resolutions & Outcomes

• Resolution 1 (Ordinary): Adoption of financial statements — passed.
• Resolution 2 (Ordinary): Sirois appointed as director by rotation — passed.
• Resolution 3 (Special): Leo Olebe appointed independent director — passed.
• Resolution 4 (Ordinary): Bonus payment to Sirois from Spain subsidiary — passed.
• Resolution 5 (Ordinary): Remuneration payable to Sirois from Spain subsidiary — passed.
• Resolution 6 (Ordinary): Revision of remuneration payable to Sirois from Spain subsidiary — passed.
• Resolution 7 (Special): Remuneration payable to Radhika Venugopal as WTD & CFO — passed.
• Resolution 8 (Special): Remuneration for non-executive and independent directors — passed.
• Resolution 9 (Ordinary): Related party transactions between OnMobile USA LLC and ONMO INC — approved.
• Resolution 10 (Ordinary): Related party transactions between OnMobile Spain S.L. and ONMO INC — approved.
• Resolution 11 (Ordinary): Related party transactions between OnMobile Spain S.L. and OnMobile USA LLC — approved.

Material Related Party Transactions

• OnMobile USA LLC and ONMO INC intercompany RPT approved.
• OnMobile Global Spain S.L. and ONMO INC intercompany RPT approved.
• OnMobile Global Spain S.L. and OnMobile USA LLC intercompany RPT approved.

Q1 FY27 highlights

• ONMO+ Smart Console launched through Flipkart on 26 June 2026.
• Q1FY27 revenue at INR 1,241 Mn, down 3.8% QoQ.
• Q1FY27 Gaming Revenue at INR 394 Mn, up 2.4% QoQ.
• Q1FY27 EBITDA at INR 15 Mn includes ONMO+ launch expenses.
• Closing cash balance was INR 1,355 Mn.
• Advanced discussions with retail partner groups.

Business Overview

• OnMobile operates mobile entertainment, gaming platforms, and the ONMO+ Smart Console business.

Operational Highlights

• ONMO+ Smart Console launched through Flipkart on 26 Jun 2026.
• Q1 FY27 revenue INR 1,241 Mn, down 3.8% QoQ.
• Q1 FY27 Gaming Revenue INR 394 Mn, up 2.4% QoQ.
• Q1 FY27 EBITDA INR 15 Mn; includes ONMO+ launch expenses.
• Closing cash INR 1,355 Mn; balance supports liquidity.
• Spain expansion and other geographies planned for 2027.
• MRR at $3M indicates recurring revenue scale.

Financial Performance

• Gross revenue INR 1,241 Mn; QoQ -3.8%.
• Gross margin 51.7%.
• EBITDA INR 15 Mn; 1.2% margin; launch costs included.
• PAT INR -289 Mn; severance INR 141 Mn included.
• International revenue share ~98% of total.
• Cash and equivalents INR 1,355 Mn; total assets INR 9,235 Mn.
• Trade receivables & current assets INR 2,195 Mn.

Capital Structure & Liquidity

• Short-term borrowings INR 640 Mn.
• Current liabilities INR 2,555 Mn; total liabilities INR 9,235 Mn.
• Shareholders' funds INR 5,855 Mn.
• Non-current liabilities INR 184 Mn.

Strategic Priorities & Outlook

• Expansion to Spain and other geographies in 2027.
• D2C launch on Flipkart accelerates direct sales.
• Gaming revenues expected to grow 50% in FY27.
• Smart Console monetization via new channels beyond Telco.
• Market size supports growth: $400B by 2029.
• Revenue mix shift toward gaming anticipated to improve multiples.

Risks & Mitigation

• PAT depressed by INR 141 Mn severance and ONMO+ launch costs.
• QoQ revenue decline indicates ongoing investment in launches.
• Margins remain compressed near 1.2% EBITDA due to launch spend.
• Reliance on telco partnerships; direct-to-consumer expansion planned.

Standalone results

• Standalone revenue from operations: Rs 398.39 million in Q1 FY27.
• Standalone total income: Rs 523.23 million in the quarter.
• Standalone PBT before exceptional items: Rs 86.27 million; after exceptional items: Rs -9.82 million.
• Standalone net profit after tax: Rs -72.35 million.
• Standalone EPS (basic/diluted): Rs -0.68.
• Impairment losses on standalone financial assets and contract assets: Rs 480.83 million.
• Standalone exceptional items include headcount restructuring Rs 96.09 million and labour-code impact Rs 4.61 million.

Consolidated results

• Consolidated revenue from operations: Rs 1,227.55 million; QoQ down ~3.9%.
• Consolidated total income: Rs 1,240.95 million.
• Consolidated PBT before tax and exceptional items: Rs -88.36 million; after exceptional items: Rs -229.80 million.
• Consolidated net profit after tax: Rs -289.23 million.
• Consolidated impairment losses on financial assets and contract assets: Rs 479.01 million.
• Consolidated exceptional items: headcount restructuring Rs 141.44 million; labour-code impact Rs 4.61 million (prior year).

Geography & mix

• Geography revenue: Europe Rs 542.89m; Africa Rs 227.09m; India Rs 123.01m; Latin America & USA Rs 65.41m; Rest of World Rs 269.15m; Total Rs 1,227.55m.

Notes

• Labour Codes impact disclosed as exceptional item; gratuity-related.
• Results reviewed by Audit Committee; limited review by statutory auditors.