Mobikwik shares drop 3.5% amid fraud allegations involving 400 million rupee unauthorized settlements and recovery.

• The company recovered 140 million rupees, leaving an estimated net fraud impact of 260 million rupees total.
• Mobikwik is pursuing aggressive collection and legal action to retrieve the full disputed amount from colluding merchants.
• Year‑to‑date, ONEM shares have fallen roughly 49%, reflecting market concerns over the fraud episode now.