Shares of One MobiKwik Systems Limited slipped nearly 2% in Wednesday’s session after the company disclosed a financial fraud involving some of its registered merchants and users from limited locations in Haryana. The stock was down 1.83% at Rs 305.69, a decline of Rs 5.69, at 9:18 AM on the NSE.
In a filing dated September 16, MobiKwik revealed that the fraudulent activity occurred between September 11 and 12, 2025. The company said certain merchants and users colluded to claim unauthorized settlements, attempting to gain unfair monetary benefits.
According to the disclosure, an FIR has been registered for Rs 40 crore. Out of this, Rs 14 crore has already been recovered, leaving a net impact of around Rs 26 crore. Gurugram police have made arrests in the case, while bank accounts where funds were transferred have been frozen under enforcement directives.
MobiKwik clarified that no employees, key managerial personnel, or insiders were involved in the incident. The company added that it is “undertaking all possible and necessary efforts” to recover the remaining amount, including legal action, lien marking of affected accounts, and other corrective measures.
At the time of writing, MobiKwik shares were trading at Rs 305.69, down 1.83% in early trade.
