One Mobikwik Systems Limited announced significant board changes following a meeting held on December 17, 2025. The Board of Directors appointed Mr. Radhakrishna Nair as an Additional Director (Non-Executive Independent Director) for a term of five consecutive years, effective from December 17, 2025. The Board has also recommended his appointment as an Independent Director, not liable to retire by rotation, for the same term. In addition, Mr. Navdeep Singh Suri, currently a Non-Executive Independent Director, has been appointed as the Chairperson of the Board, succeeding Ms. Upasana Rupkrishan Taku. This appointment is also effective from December 17, 2025. The company will seek shareholder approval for Mr. Nair's appointment through a Postal Ballot, the notice for which will be submitted to the stock exchanges in due course. This information will also be published on the company's investor relations website. Mr. Nair brings over 40 years of experience in the banking, capital market, and insurance sectors, having held key positions at Corporation Bank and served as Executive Director at SEBI and Member (Finance and Investment) at IRDAI. He is not related to any existing director of the company and is not debarred from holding a directorship by any regulatory authority.