During Thursday’s trading session, shares of this fintech company engaged in providing a unified open API and wallet platform surged nearly 3 percent on NSE, after the company’s Board approved a 1:5 stock split and a 1:1 bonus issue.
With a market cap of Rs. 693.5 crores, at 12:24 p.m., the shares of MOS Utility Limited were trading in the green at Rs. 278.1 on NSE, up by around 1 percent, as compared to its previous closing price of Rs. 275.5.
What’s the News
According to the latest regulatory filings on the NSE, the Board of MOS Utility Limited has approved a stock split and bonus issue during its meeting held on 11th June 2025.
The Board has approved the sub-division/split of equity shares in a 1:5 ratio, whereby the face value of Rs. 10 each will reduce to Rs. 2 each. In addition, the Board approved the issuance of bonus shares in the ratio of 1:1—meaning shareholders will receive 1 additional equity share of Rs. 2 for every 1 equity share of Rs. 2 held as of the record date. The record date will be determined and announced by the Board in due course.
Both corporate actions, the stock split and the bonus issue, are subject to the approval of regulatory/statutory authorities, as well as from the shareholders. The proposals will be placed for approval at the Extraordinary General Meeting (EGM) scheduled for Monday, 7th July, at 4:00 PM.
Financials & more
MOS Utility reported an impressive growth in revenue from operations, experiencing a year-on-year increase of nearly 199 percent, rising from Rs. 103 crores in H2 FY24 to Rs. 308 crores in H2 FY25. Similarly, during the same period, the company’s net profit increased from Rs. 6 crores to Rs. 8 crores, representing a significant increase of around 33 percent YoY.
MOS Utility Limited operates the business of providing a platform to agents which then facilitates the booking of instant digital transfer of money to a bank account, AEPS, Micro ATM, NSDL kiosk, flight booking, hotel booking, recharge any cell phone and DTH, Bill payments of utility bills and insurance premium selling to travel, 2-wheeler and health insurance, CMS, courier services, Mera Adhikar etc.
Written by Shivani Singh
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