LTM LIMITED — Capital/Financing Update 2024

Dec 4, 2024

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LTIM/SE/STAT/2024-25/95 December 4, 2024

National Stock Exchange of India Limited, The BSE Limited, Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Dalal Street Mumbai - 400 051 Mumbai - 400 001

NSE Symbol: LTIM

BSE Scrip Code: 540005

Dear Sir(s)/Madam,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) – Regulations, 2015 Investment in Voicing.AI, Inc., an autonomous platform operations solution.

We wish to inform you that LTIMindtree USA Inc., a wholly owned subsidiary of the Company has signed a definitive agreement on December 3, 2024 with Voicing.AI, Inc. (‘Voicing.AI’), an autonomous platform operations solution, to invest upto $6 million into convertible instruments to be issued by Voicing.AI.

Details as required pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is mentioned in Annexure A .

This is for your information and records.

Thanking you,

Yours faithfully,

For LTIMindtree Limited

ANGNA Digitally signed by ANGNA ANISH ARORA ANISH ARORA Date: 2024.12.04 08:38:27 +05'30'

Angna Arora

Company Secretary and Compliance Officer

Encl. As above

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Annexure A

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Sr. Particulars Details
No.
(a) Name of the target entity, details in Voicing.AI, Inc. (‘Voicing.AI’), incorporated on April 3,
brief; 2024 is an autonomous platform operations solutions
Company in USA.
(b) Whether the acquisition would fall The aforementioned investment by LTIMindtree USA
within related party transaction(s)? If Inc. in Voicing.AI does not fall under the ambit of a
yes, nature of interest and details related party transaction.
thereof and whether the same is done at
“arm’s length”;
(c) Whether the promoter/ promoter Promoter / Promoter group/group companies are in no
group/group companies have any way interested in the aforementioned transaction.
interest in the entity being acquired? If
yes, nature of interest and details
thereof and whether the same is done at
“arm’s length”;
(d) Industry to which the entity being Autonomous platform operations solution.
acquired belongs
(e) Objects and impact of acquisition Investment in Voicing.AI would enable leverage our AI
(including but not limited to, disclosure related offerings to potential customers and enhance AI
of reasons for acquisition of target capabilities.
entity, if its business is outside the main
line of business of the listed entity);
(f) Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition;
(g) Indicative time period for completion of The investment from LTIMindtree USA Inc. will be made
the acquisition; within 7 days from the date of signing the definitive
agreement for acquisition of the convertible instrument
to be issued by Voicing.AI, subject to conditions as per
definitive agreement.
(h) Consideration - whether cash Cash consideration
consideration or share swap or any other
form and details of the same;
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(i)	Cost of acquisition and/ or the price at which the shares are acquired	The securities will be acquired for a purchase consideration of upto $6 million, subject to the conditions stipulated in the definitive agreement.
(j)	Percentage of shareholding / control acquired and / or number of shares acquired;	LTIMindtree USA Inc., would be entitled to acquire convertible instruments (which could convert to minority common stock) in Voicing.AI, subject to conditions as per definitive agreement
(k)	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information(in brief)	Voicing.AI incorporated in April 2024, specializes in Voice AI autonomous agents. It has been established just eight months ago with a presence in the USA, hence no financial details have been mentioned herein.

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