Route Mobile Limited — Board/Management Information 2024

Jan 15, 2024

Ref No: RML/2023-24/428 Date: January 15, 2024

To,

BSE Limited Scrip Code: 543228

National Stock Exchange of India Limited NSE Symbol: ROUTE

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on January 15, 2024

Pursuant to the Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (“Listing Regulations”), we hereby inform you that the Board of Directors (“Board”) of Route Mobile Limited (the “Company”) at its meeting held today i.e. January 15, 2024 have approved the following:

Corporate Guarantee:

The Board has approved to provide the Corporate Guarantee in favour of ICICI Bank Limited and ICICI Bank (UK) PLC., (collectively referred to as “Lenders”) for term loan facility proposed to be taken by Route Mobile (UK) Limited (“Borrower”), wholly owned subsidiary of the Company of USD 31.50 million.

The details in relation to the aforementioned guarantee required under Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are given below .

The detailSEBI/HO/	s in relation to the aforementioned guarantee requiredCFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023	under Listing Regulations read with SEBI Circularare given below**.**
Sr. No.	Particulars	Details
1.	Name of party for which such guarantees or	Route Mobile (UK) Limited
	indemnity or surety was given;
2.	Whether the promoter / promoter group / group	No
	companies have any interest in the transaction If yes,
	nature of interest and details thereof and whether
	the same is done at “arms’ length”;
3.	Brief details of such guarantee or indemnity or	Route Mobile Limited has agreed to provide the Corporate
	becoming a surety viz. brief details of agreement	Guarantee in favour of ICICI Bank Limited and ICICI Bank
	entered (if any) including significant terms and	(UK) PLC, (collectively referred to as “Lenders”) for term
	conditions, including amount of guarantee;	loan facility proposed to be taken by Route Mobile (UK)
		Limited of USD 31.5 Million (‘Guaranteed Amount’). The
		Company unconditionally and irrevocably covenants to,
		jointly and severally, repay all obligations with respect to
		the Facilities and duly observe and perform all the terms
		and conditions of the Transaction Documents.
4.	Impact of such guarantees or indemnity or surety on	The Corporate Guarantee will be treated as a contingent
	listed entity	liability for the Company.

The meeting of the Board of Directors commenced at 8:05 p.m. and concluded at 9:10 p.m.

You are requested to take the above information on record.

Thanking You Yours faithfully, For Route Mobile Limited

Rathindra Digitally signed by Rathindra das das Date: 2024.01.15 21:17:26 +05'30'

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Rathindra Das Group Head-Legal, Company Secretary & Compliance Officer Membership No: F12663