MobiKwik gets BSE approval to commence Stock Broking business

Mobikwik Securities Broking Private Limited (MSBPL), a wholly-owned subsidiary of One MobiKwik Systems Ltd. (MobiKwik) (NSE: MOBIKWIK/ BSE: 544305), today announced that it has received approval from the Bombay Stock Exchange (BSE) to commence its Stock Broking business.

BSE has enabled MSBPL on its platform with effect from February 24, 2026. The BSE nod follows the grant of stock broking registration to MSBPL by the Securities & Exchange Board of India in July 2025. With the latest approval in place, the company is now authorized to begin broking operations on the BSE. This enables MSBPL to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades.

The development marks the completion of the key regulatory steps required for the subsidiary to operationalize its stock broking business.

Commenting on the development, Upasana Taku, Executive Director, Co-founder & CFO, MobiKwik said "The approval by BSE to commence our stock broking business in its platform is a is a pivotal step in MobiKwik's evolution into a scaled financial services platform. India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. We will continue to responsibly serve the financial needs of Bharat and build products that genuinely improve financial inclusion".

Shares of One Mobikwik Systems Limited was last trading in BSE at Rs. 201.70 as compared to the previous close of Rs. 209.45. The total number of shares traded during the day was 38623 in over 667 trades.

The stock hit an intraday high of Rs. 210.55 and intraday low of 199.70. The net turnover during the day was Rs. 7889854.00.

Source : Equity Bulls

Keywords

OneMobikwikSystems INE0HLU01028 Fintech BSEApproval StockBroking