Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting - Acquisition Approval and Loan Facility

Corporate Actions:

Acquisition Details:

  • Route Connect Private Limited (wholly owned subsidiary) to acquire AI-led Omnichannel Business Undertaking of Heltar Technologies Private Limited
  • Acquisition method: Slump sale on a going concern basis
  • Includes all assets, liabilities, business contracts, intellectual property rights, employees and related rights/obligations
  • Total consideration: INR 33,66,55,400 (₹33.66 crore)
  • Upfront consideration: INR 23,88,45,200 (₹23.88 crore) payable at closing
  • Deferred consideration: INR 9,77,09,400 (₹9.77 crore) payable after 18 months from closing
  • Payment method: Cash consideration
  • Expected completion timeline: Approximately 6 weeks
  • Subject to completion of condition precedents in Business Transfer Agreement

Target Company Information:

  • Heltar Technologies Private Limited (CIN: U62091HR2023PTC113176)
  • Business: AI-first omnichannel customer engagements solution
  • Date of Incorporation: July 10, 2023
  • Country of Incorporation: India
  • Financial Performance:
  • FY 2023-24: Turnover ₹2.00 lakhs
  • FY 2024-25: Turnover ₹10.79 lakhs
  • FY 2025-26: Turnover ₹246.16 lakhs

Loan Facility Details:

  • Lender: Route Mobile Limited
  • Borrower: Route Connect Private Limited (wholly owned subsidiary)
  • Facility type: Unsecured loan / inter corporate deposit facility
  • Total amount: INR 35,00,00,000 (₹35 crore) in one or more tranches
  • Interest rate: 9% per annum
  • Term: 5 years (60 months) from disbursement date
  • Repayment: Facility along with interest repayable after 5-year term
  • Conversion right: Lender has option to convert outstanding facility (with accrued interest) into equity shares of borrower at price determined by lender
  • Security: Unsecured facility, no security interest required
  • Execution date: On or before July 22, 2026
  • Purpose: Acquisition/business purposes
  • Outstanding loan amount: INR 39,18,077.10

Other Significant Information:

  • Strategic rationale: Strengthening and expanding capabilities in artificial intelligence and omnichannel communications
  • Industry classification: AI-driven omnichannel conversational commerce space / CPaaS
  • The intimation is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

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