Date: November 11, 2026

Board Meeting Outcomes

  • The Board of Directors of Glottis Limited at its meeting held on Wednesday, November 11, 2026, approved an amendment to the term of the Inter-Corporate Loan Agreement dated July 03, 2026
  • The amendment pertains to revision in the Loan amount and rate of interest
  • Except for the aforesaid revision, there is no other change in the terms and conditions of the Loan Agreements

Loan Agreement Details

Parties:

  • Borrower: Glottis Inc.
  • Lender: Glottis Limited

Purpose: Grant of Loan for Working Capital Requirements

Size of Agreement:

  • Previous Limit: Up To Rs. 5.00 Crore (Or equivalent USD)
  • Revised Limit: Up to US $5.00 Lakhs (Or Equivalent INR)

Shareholding: Glottis Inc. is 100% Wholly Owned Subsidiary of Glottis Limited

Significant Terms:

  • Nature of loan: Inter Corporate Loan
  • Date of signing of loan agreement: July 03, 2026 (initial Loan Agreement) and November 11, 2026 (Addendum to Loan Agreement)
  • Security: NIL (Unsecured)
  • Amount of loan outstanding as on date of disclosure: US$ 1,00,000/-
  • Repayment terms: The Loan shall be repaid within five (5) years from the date of initial disbursement

Related Party Status: Yes, Glottis Inc. is Wholly Owned Subsidiary of the Company

Related Party Transaction: Yes. The transaction is at arm's length basis

Amendment Details

Nature of Agreement: Addendum to Original Agreement dated July 03, 2026 on Unsecured Inter Corporate Loan

Date of execution: November 11, 2026

Specific Changes:

  • Rate of Interest revised from "WCDL rates prevailing at the time of disbursement" to "Highest Borrowing Cost prevailing at the time of Disbursement +0.50 Spread"
  • Loan amount was revised from "up to INR ₹5,00,00,000/- (Equivalent US$ at the time of Disbursement)" to "up to US $5,00,000/- (equivalent INR at the time of Disbursement)"

Impact Assessment: The amendment is not expected to have any adverse impact on the business operations or financial position of the Company

Additional Information

  • Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Information available on company website: https://www.glottislogistics.in/