Fintech firm One MobiKwik Systems Ltd announced on Monday that its wholly-owned subsidiary, Mobikwik Securities Broking Private Ltd (MSBPL), has received approval from the Bombay Stock Exchange to commence stock broking activities. The subsidiary will be operational on the BSE platform starting February 24, 2026.

This approval follows stock broking registration granted by the Securities & Exchange Board of India (SEBI) in July 2025, clearing the final regulatory hurdle for MSBPL to fully launch operations, including buying, selling, clearing, and settlement of equity trades.

Upasana Taku, Executive Director, co-founder, and CFO of MobiKwik, described the move as a “pivotal step in MobiKwik’s evolution into a scaled financial services platform.” She added that MSBPL aims to simplify investing for first-time retail investors and support financial inclusion across India.

Despite the positive development, shares of One MobiKwik Systems Ltd closed at ₹201.05 on the BSE, down ₹8.40, or 4.01%, reflecting market caution.

With regulatory approvals in place, MSBPL is now positioned to leverage MobiKwik’s digital platform to expand its footprint in India’s growing retail investment segment.