OnMobile Global Ltd

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.

AGM details

• Date and time: 11 August 2026, 4:00 PM IST.
• Mode: VC/OAVM.
• Cut-off voting date: 4 August 2026.
• Remote e-voting window: 7–10 August 2026.

Resolutions presented

• Ordinary: Adoption of audited financial statements and reports.
• Ordinary: Appointment of François-Charles Sirois as Director liable to retire by rotation.
• Special: Appointment of Leo Olebe as Independent Director.
• Ordinary: Bonus payment for FY2026 to François-Charles Sirois from subsidiary.
• Ordinary: Revision of remuneration for François-Charles Sirois from subsidiary.
• Special: Revision of remuneration for Radhika Venugopal, WTD & CFO.
• Special: Re-appointment of Radhika Venugopal as Director/WTD & CFO.
• Special: Remuneration payments to non-executive directors including Independent Directors.
• Ordinary: Material related party transactions with ONMO INC.
• Ordinary: RPT between OnMobile USA LLC and ONMO INC.
• Ordinary: RPT between OnMobile Global Spain, S.L. and ONMO INC.

Voting results

• Voting results not disclosed in the filing; to be declared by Aug 13, 2026.

Material related party transactions

• Material RPTs with ONMO INC; intra-group RPTs with OnMobile USA LLC and OnMobile Global Spain, S.L.