Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI LODR

Date of Board Meeting / Approval: September 17, 2026

Meeting Duration: 3:00 PM to 4:00 PM (IST)

Key Financial Highlights:

Not Specified

Corporate Actions:

1. Issuance of Secured, Unlisted, Non-Convertible Debentures

  • Approved issuance of Secured, Unlisted, Non-Convertible Debentures (NCDs) on private placement basis
  • Aggregate amount: ₹99,19,00,000 (₹99.19 crores)
  • Purpose: Part of purchase consideration for acquisition of 62.01% equity shareholding in Tikona Infinet Private Limited (TIPL)
  • NCDs to be issued to identified shareholders/sellers of TIPL
  • Issuance is otherwise than for cash

Acquisition Details:

  • Total acquisition consideration: ₹99,22,00,380
  • Acquisition structure:
  • 36-Month Secured NCDs: ₹86,80,00,000 (principal amount)
  • 12-Month Secured NCDs: ₹12,39,00,000 (principal amount)
  • Cash Payment: ₹3,00,380
  • NCDs will be secured by mortgage/charge/pledge over identified assets of SAR Televenture Limited with aggregate value of approximately ₹99.19 crores

NCD Terms:

36-Month Secured NCDs:

  • Face Value: ₹1,00,000 per NCD
  • Principal Amount: ₹86,80,00,000
  • Tenure: 36 months from date of allotment
  • Coupon Rate: 1% p.a.
  • Interest Payment: Yearly
  • Redemption: At maturity (36 months from allotment)

12-Month Secured NCDs:

  • Face Value: ₹1,00,000 per NCD
  • Principal Amount: ₹12,39,00,000
  • Tenure: 12 months from date of allotment
  • Coupon Rate: 6% p.a.
  • Interest Payment: Yearly
  • Redemption: At maturity (12 months from allotment)

2. Deferment of Fundraising

  • Board discussed fund-raising through issuance of equity shares/warrants convertible into equity shares via preferential allotment
  • After deliberation, decided to defer this matter for future consideration
  • Date of next board meeting for this matter will be intimated in due course

Other Significant Information:

  • Share Purchase Agreement for TIPL acquisition was executed and disclosed to stock exchanges on September 12, 2026
  • Company's Registered Office: 17, 1st Floor, A Wing, B No. 19, BKC Bandra Pinnacle Corporate Park, Mumbai - 400098
  • Company's Corporate Office: B-16, First Floor, Sector 2, Noida, U.P., India - 201301
  • CIN No.: L61900MH1973PLC017655

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