Date: August 20, 2026
Board Meeting Outcomes
- Sojern, Inc., a wholly owned step down subsidiary, received an offer letter dated August 18, 2026 from J.P. Morgan Chase Bank, N.A. for a line of credit
- Credit facility amount: USD 40 million for general corporate purposes
- Loan agreement execution date: August 19, 2026
- Nature of loan: Secured Loan
- Total amount outstanding: NIL
Financial Results
Not Specified
Dividend Declaration
Not Specified
KMP / Board / Auditor Changes
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Credit Facility Details (Annexure A)
- Name of parties: J.P. Morgan Chase Bank, N.A. (Lender) and Sojern, Inc. (Borrower)
- Purpose: Line of credit for general corporate purposes
- Facility amount: USD 40 million
- Shareholding in J.P. Morgan: NIL
- Interest rate: As fully described in the offer letter
- Repayment terms: As fully described in the offer letter
- Relationship with promoter/promoter group: Not Applicable
- Related party transaction: Not Applicable
- Security: As fully described in the offer letter
- Other disclosures: NIL
Corporate Guarantee Details (Annexure B)
- Name of party: Sojern Inc.
- Promoter/promoter group interest: No interest in this transaction
- Transaction basis: Arm's length basis in compliance with Companies Act, 2013 and SEBI Listing Regulations
- Guarantee details: Corporate guarantee for USD 44 million in favour of J.P. Morgan for the credit facility
- Impact assessment: The Company does not foresee any impact as Sojern Inc. is a wholly owned step down subsidiary whose financials shall be consolidated with the Company