Route Mobile Limited — Capital/Financing Update 2021

Sep 13, 2021

Ref No: RML/2021-22/126

Date: September 13, 2021

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

Dear Sir/Madam,

Sub: Intimation of Incorporation of a subsidiary in Saudi Arabia

With reference to the captioned subject, we wish to you inform you that our Company has incorporated a subsidiary namely – ‘Route Mobile Arabia Telecom’, a Limited Liability Company, in Saudi Arabia.

The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure 1.

You are requested to take the above information on record.

Thanking you, Yours faithfully, For Route Mobile Limited

RATHIN Digitally signed by RATHINDRA DAS DRA DAS Date: 2021.09.13 20:26:29 +05'30'

_________ Rathindra Das Head Legal, Company Secretary & Compliance Officer

Encl : as above

Annexure 1

Details regarding incorporation of a subsidiary in Saudi Arabia

Sr. No.	Particulars	Details
1	Name of the target entity, details in brief such as size, turnover etc.	Route Mobile Arabia Telecom (‘Limited Liability Company/LLC’) has been incorporated with effect from September 12, 2021. Turnover: Not Applicable since Route Mobile Arabia Telecom is a newly incorporated Limited Liability Company.
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms’ length”	Incorporation of Route Mobile Arabia Telecom doesn't fall within the purview of related party transactions. None of the promoter/ promoter group / group companies have any interest in the newly incorporated entity. However, post incorporation, Route Mobile Arabia Telecom would be a Related Party, being the subsidiary of the Company.
3	Industry to which the entity being acquired belongs	Omni-channel communication services.
4	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	The objects of the LLC shall be to carry on business of providing SMS services. This new entity formation would further strengthen Company’s organic growth strategy in the MENA region.
5	Brief details of any governmental or regulatory approvals required for the acquisition	Not Applicable.
6	Indicative time period for completion of the acquisition	Not Applicable.
7	Nature of consideration - whether cash consideration or share swap and details of the same	Cash (Route Mobile Limited has subscribed 70% of the shares of Route Mobile Arabia Telecom).
8	Cost of acquisition or the price at which the shares are acquired;	The share capital of the LLC is split into 1,000 shares of 50 (fifty) Saudi Riyals each. Route Mobile Limited has subscribed 700

					RegisteredOffice:
	routemobile				RouteMobileLimited 4thDimension,3i0 floor,MindSpace,Malad(West),
	communicationsimplified				Mumbai-400064,India +912240337676/77-99IFax:+912240337650
					info@routemobile.comIwww.routemobile.com
					CINNo:U72900MH2004PLC146323
					shares (70%) valued at 35,000 Saudi Riyals.
	9	Percentage	of shareholding / control		Route Mobile Limited: 70%
		acquired and / or number of shares			First Support Trading Company: 30%
		acquired
	10	Brief background about		the entity	Route Mobile Arabia Telecom will be involved
		acquired in	terms of products/line of		in the business of providing SMS services.
		business	acquired,	date of
		incorporation, history of		last 3 years	Date of Incorporation: September 12, 2021
		turnover,	country in	which the
		acquired entity has presence and any			History of turnover: Not Applicable
		other significant information.
					Country of Incorporation: Saudi Arabia