Date: July 03, 2026

Board Meeting Outcomes

  • Board of Directors meeting held on July 03, 2026 from 4:40 PM to 5:10 PM
  • Approved inter-corporate loan of up to ₹5.00 crore (or equivalent USD) to foreign wholly owned subsidiary Glottis Inc.
  • Company has entered into a loan agreement with Glottis Inc. on July 03, 2026

Loan Agreement Details

Parties:

  • Lender: Glottis Limited
  • Borrower: Glottis Inc. (Wholly Owned Subsidiary)

Purpose: Working Capital Requirements

Loan Terms:

  • Maximum amount: ₹5.00 crore (or equivalent USD)
  • Repayment period: 5 years from date of disbursement
  • Security: Unsecured (NIL security provided)
  • Nature: Inter Corporate Loan

Relationship Details:

  • Glottis Inc. is a Wholly Owned Subsidiary of Glottis Limited
  • Transaction qualifies as related party transaction
  • Transaction conducted at arm's length basis

Outstanding Amount: Not specified in disclosure

Not Specified Sections

  • KMP / Board / Auditor Changes
  • Dividend Declaration or Non-Declaration
  • Financial Results (Standalone & Consolidated)
  • Auditor's Report
  • Disinvestment / Strategic Actions
  • Media Release / Investor Communication
  • Other Operational / Legal / Strategic Disclosures