Latent View Analytics Limited — Capital/Financing Update 2023

Dec 29, 2023

December 29, 2023

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001. Scrip Code: 543398

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex Bandra East, Mumbai 400 051 Scrip Symbol: LATENTVIEW

Dear Sir/Madam,

Sub: Intimation under regulation 30(4) read with Para B of Part A of Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015(“SEBI LODR Regulations”) :

In line with the approval of the Board of Directors obtained on October 27, 2023, to grant a loan to M/s. LatentView Analytics Corporation (Material Wholly Owned Subsidiary), the Company has executed an agreement on December 28, 2023, to grant a loan amounting to USD 32,70,000 (equivalent to INR 27,19,95,330 as on date of the agreement).

As enunciated in the Prospectus dated November 17, 2021, the Net proceeds of the fresh issue from the Initial Public Offer will be used to grant the abovementioned loan.

Further, the detailed disclosure pursuant to the provisions of Regulation 30 of SEBI LODR Regulations read with Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, is enclosed as Annexure-A.

This is for your information and records.

Thanking you,

For Latent View Analytics Limited

PARTHASARA Digitally signed by PARTHASARATHY THY SRINIVASAN Date: 2023.12.29 SRINIVASAN 09:59:28 +05'30'

_________________

P. Srinivasan Company Secretary and Compliance Officer

Annexure – A

	S.no		Particulars		Details
	1.	Name(s)ofpartieswithwhomtheagreement is entered		LatentViewAnalyticsLimited(Lender) and LatentView AnalyticsCorporation (Borrower)
	2.	Purpose of entering into the agreement		Providing of loan to Material WhollyOwned Subsidiary for Workingcapitalpurposes.
	3.	Size of agreement		USD 32,70,000(equivalent to INR 27,19,95,330 as ondate of agreement)
	4.	Significant terms of the agreement		Tenure of the loan – 1 YearInterest @ 6%per annum
	5.	Shareholding, if any, in the entity withwhom the agreement is executed;		LatentView Analytics Corporation isa material Wholly Owned SubsidiaryoftheCompanyandunderRegulation23ofSEBI(LODR)Regulationsthetransactionsbetween holding company and itswholly owned subsidiaries whoseaccounts are consolidated with suchholding company are exempted fromapproval.
	6.	Whether, the said parties are related topromoter/promotergroup/groupcompanies in any manner. If yes, nature ofrelationship;
	7.	Whether the transaction would fall withinrelated party transactions? If yes, whetherthe same is done at arms length.