Summary of Key Information:

Reporting Period: Not Applicable (Corporate Action)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI Listing Regulations

Corporate Actions:

The Board of Directors of Tanla Platforms Limited approved the execution of a Share Purchase Agreement for the acquisition of ValueFirst Middle East FZC (VF FZC) through its subsidiary Karix Mobile FZ LLC.

  • Acquisition Structure: Karix Mobile FZ LLC will acquire 100% of the paid-up share capital of VF FZC from existing shareholders
  • Consideration: Aggregate enterprise consideration of AED 58.25 million equivalent to INR 148.52 Crore, comprising:
  • AED 4.61 million (INR 12.00 Crore) payable in cash by the purchaser
  • AED 53.54 million (INR 136.52 Crore) representing assumption and/or discharge of liabilities of VF FZC (including amounts payable to Tanla group entities)
  • Completion Timeline: Estimated to be completed by Q2 of FY27

Target Entity Details:

  • Name: ValueFirst Middle East FZC (VF FZC)
  • Business: Provides CPaaS services across multiple channels to enterprises
  • Geographic Presence: UAE, Kingdom of Saudi Arabia, and Indonesia through subsidiaries:
  • ValueFirst Technologies LLC (wholly-owned)
  • PT ValueFirst Komunikasi Indonesia (wholly-owned)
  • ValueFirst For Telecom & IT Co., KSA (70% owned)

Financial Information of Target (Based on Un-audited consolidated financials):

Turnover:

  • FY 2025-26: AED 75.50 million (INR 181.63 crore)
  • FY 2024-25: AED 152.57 million (INR 351.20 crore)
  • FY 2023-24: AED 116.51 million (INR 262.63 crore)

Net Worth: As on March 31, 2026, VF FZC has a negative net worth of AED 53.54 million (INR 136.52 crore)

Transaction Details:

  • Not a related party transaction
  • No governmental or regulatory approvals required
  • Strategic Rationale: Provides access to markets and customers in which VF FZC and its subsidiaries operate, and facilitate administrative efficiency
  • Industry: CPaaS services

Company Contact:

Seshanuradha Chava, General Counsel and Company Secretary (ACS-15519)

Company Website: www.tanla.com