Route Mobile Limited — Capital/Financing Update 2021

Nov 15, 2021

Ref: RML/2021-22/154

Date: November 12, 2021

To,

BSE Limited National Stock Exchange of India Limited Scrip Code: 543228 Symbol: ROUTE

Dear Sir/Madam,

Re: Qualified institutions placement (“QIP” or “Issue”) of equity shares of face value of ₹ 10 each (the “Equity Shares”) to qualified institutional buyers (“QIBs”) under Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”)

Sub: Outcome of the meeting of the Fund Raising Committee

Further to our letter dated November 8, 2021, intimating you about the resolution passed by the Fund Raising Committee in respect of the QIP, we wish to inform you that the Fund Raising Committee of the Company has, at its meeting today, i.e. November 12, 2021, inter alia , approved the following:

• (i) closure of issue period for the QIP today, i.e. November 12, 2021;

• (ii) Issue Price: approved the issue price for 46,84,116 Equity Shares to be allotted to eligible QIBs at a price of ₹ 1852 per Equity Share (including a premium of ₹ 1842 per Equity Share), which takes into account a discount of ₹ 97.24 per Equity Share on the floor price of ₹ 1949.24 per Equity Share, as permitted in terms of Regulation 176(1) of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.;

• (iii) Approved and finalized the confirmation of allocation note to be sent to the eligible QIBs, intimating them of allocation of Equity Shares pursuant to the Issue.

The details as required to be given under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed as ' Annexure A' .

The Committee’s meeting commenced at 10:00 P.M. and concluded at 10:55 P.M.

We request you to take the above on record pursuant to compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you, Yours truly, For Route Mobile Limited

RATHIND Digitally signed by RATHINDRA DAS RA DAS Date: 2021.11.12 23:08:51 +05'30'

________________________________

Rathindra Das

Head Legal, Company Secretary and Compliance Officer

Encl: as above

ANNEXURE A

ANNEXURE A	ANNEXURE A	ANNEXURE A	ANNEXURE A	ANNEXURE A
Type of securities proposed toType of issuanceTotal number of securities or
	Type of securities proposed to	Type of issuance	Total number of securities or
	be issued		the total amount for which thesecuritieswillbeissued
			(approximately)
	Equity shares of face value of Rs.10 (rupees ten) each	Qualified Institutions Placement ofEquity shares	Equity shares: 46,84,116 shares