Route Mobile Limited — Interim / Quarterly Report 2022

Oct 18, 2021

Registered & Corporate Office: Route Mobile Limited 41^ Dimension, 3 rd floor, Mind Space, Malad (West), Mumbai -400064, India +9122 4033 7676/77-99 I Fax +91 22 4033 7650 info@routemobile.com I www.routemobile.com CI N No: L72900MH2004PLC146323

Ref No: RML/2021-22/142

Date: October 18, 2021

To,

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

Dear Sir/Madam,

Sub: Outcome of Board Meeting

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ("Listing Regulations"), this is to inform you that the Board of Directors of Route Mobile Limited (the "Company") in their Meeting held today i.e. October 18, 2021, through Audio-Visual means, inter alia,

1. Approved the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Half Year ended September 30, 2021.

We attach herewith a copy of the Unaudited Consolidated and Standalone Financial Results along with the Limited Review Report of the Auditors and Investors Presentation.

We are arranging to publish these results in the newspapers as per Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1. Pursuant to the Stock Purchase Agreement ("SPA") entered on October 9, 2021 by Route Mobile (UK) Limited, wholly owned subsidiary of the Company (the "WOS"), and the existing shareholders (the "Sellers") of Masivian S.A.S., Colombia and further to our intimation dated October 9, 2021, the Board has approved issuance of an undertaking by the Company in favour of the WOS to enable the WOS to meet its deferred payment obligations under the SPA for an amount not exceeding US$ 19,999,000 plus any applicable default interest (if any) in the event of any shortfall in the cash balances and reserves of the WOS.

The meeting of the Board of Directors commenced at 1:00 P.M. (IST) and concluded at 3:17 P.M. (IST).

You are requested to take the above information on record.

Yours truly, For Route Mobile Limited

RATHIN DRA DAS Digitally signed by RATHINDRA DAS Date: 2021.10.18 15:33:05 +05'30'

________________________________________________________________ Rathindra Das Head Legal, Company Secretary & Compliance Officer

Encl: as above

Walker Chandiok & Co LLP

11th Floor, Tower II, One International Center, S B Marg, Prabhadevi (W), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601

Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Route Mobile Limited

• 1. We have reviewed the accompanying statement of unaudited consolidated financial results ( the Statement ) of Route Mobile Limited ( the Holding Company ) and its subsidiaries (the Holding Company and its subsidiaries together referred to as the Group ), (refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 30 September 2021 and the consolidated year to date results for the period 1 April 2021 to 30 September 2021, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.
• 1. This Statement, which is the responsibility of the Holding Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 , and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the SEBI Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019 issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable.

Page 1 of 4

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

Chartered Accountants

Route Mobile Limited

Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

1. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. Emphasis of Matter

We draw attention to Note 8 to the accompanying Statement wherein it is stated that Department of Revenue of the Ministry of Finance, Government of India, has requested the Holding Company to pay the goods and services tax in accordance with the reverse charge mechanism under Integrated Goods and Services Tax (IGST) Act, 2017 of 3,301.85 lakhs (excluding interest) for the period from July 2017 to March 2019 on the purchases of messages from its foreign vendors and sale to its overseas customers. Based on the legal opinion obtained, the management is of the view that the aforementioned services are not chargeable to goods and services tax and accordingly, no consequential adjustments have been made in the accompanying Statement. Our conclusion is not modified in respect of this matter.

1. We did not review the interim financial results / interim consolidated financial results of 11 subsidiaries included in the Statement, whose interim financial results / interim consolidated financial results reflect total assets of 34,753.37 lakhs as at 30 September 2021 and 12,925.41 lakhs and 25,186.87 lakhs, total net profit after tax 1,578.62 lakhs and 2,555.87 lakhs, total comprehensive income of 1,578.62 lakhs and 2,555.87 lakhs, for the quarter and six months period ended 30 September 2021, respectively 7,238.67 lakhs for the six months period ended 30 September 2021, as considered in the Statement. These interim financial results / interim consolidated financial results have been reviewed by other auditors whose review reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the review reports of such other auditors and the procedures performed by us as stated in paragraph 3 above.

Further, of these subsidiaries, there are three subsidiaries located outside India, whose interim financial results / interim consolidated financial results have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under International Standards on Review Engagements (ISRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. the interim financial results / interim consolidated financial results of such subsidiaries from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the H Our conclusion in so far as it relates to the balances and affairs of these subsidiaries is based on the review reports of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us.

Our conclusion is not modified in respect of these matters with respect to our reliance on the work done by and the reports of the other auditors.

Chartered Accountants

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

Route Mobile Limited

Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

1. The Statement includes the interim financial information of nine subsidiaries, which have not been reviewed by their auditors, whose interim financial information 181.29 lakhs as at 30 September 2021 29.16 42.46 lakhs, net loss after tax of 37.14 58.72 lakhs, total comprehensive loss 37.14 58.72 lakhs for the quarter and six months period ended 30 September 2021, respectively, and cash flows (net) of 4.17 lakhs for the six months period ended 30 September 2021, as considered in the Statement. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, are based solely on such unreviewed interim financial information. According to the information and explanations given to us by the management, these interim financial information are not material to the Group.

Our conclusion is not modified in respect of this matter with respect to our reliance on the financial information certified by the Board of Directors.

For Walker Chandiok & Co LLP

Chartered Accountants Firm Registration No:001076N/N500013

Bharat Shetty Partner Membership No:106815

UDIN:21106815AAAADN7337

Place: Mumbai Date: 18 October 2021

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Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

Chartered Accountants

Route Mobile Limited Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

Annexure 1

List of entities included in the Statement

Route Ledger Technologies Private Limited (Formerly known as Sphere Edge Consulting (India) Private Limited) Start Corp India Private Limited Send Clean Private Limited (Formerly known as Cellent Technologies (India) Private Limited) Route Connect Private Limited Call 2 Connect India Private Limited RouteSMS Solutions FZE (Consolidated) RouteSMS Solutions Nigeria Ltd Route Mobile Pte. Ltd.- Singapore Route Mobile Arabia Telecom (w.e.f. 12 September 2021) Route Mobile (UK) Limited 365squared Limited Route Connect (Kenya) Limited Route Mobile (Bangladesh) Limited Route Mobile (Nepal) Private Limited Route Mobile Lanka (Private) Limited Route Mobile (Uganda) Ltd Route Mobile Limited (Ghana) Route Mobile Malta Limited Route Mobile INC. Route SMS Solutions Zambia Limited Send Clean INC. (w.e.f. 7 July 2021) PT Route Mobile Indonesia

Page 4 of 4

Registered office : 4th Dimension, 3rd Floor, Mind Space, Malad (West), Mumbai 400 064, Maharashtra, India Corporate Identity Number: L72900MH2004PLC146323, Website : www.routemobile.com

A. STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021

	( in lakhs)
			Quarter ended		Half year ended		Year ended
	Sr. No. Particulars	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Revenue
	Revenue from operations	43,567.11	37,752.11	34,927.72	81,319.22	65,889.14	140,617.48
	Other income	244.77	446.74	522.73	691.51	790.95	1,597.92
	Total income	43,811.88	38,198.85	35,450.45	82,010.73	66,680.09	142,215.40
2	Expenses
	Purchases of messaging services	34,342.61	30,062.91	28,128.07	64,405.52	53,069.89	112,905.00
	Employee benefits expense	2,142.34	1,957.59	1,457.08	4,099.93	2,760.51	6,149.31
	Finance costs	67.03	47.54	87.97	114.57	186.86	275.59
	Depreciation and amortisation expense	736.38	657.14	680.59	1,393.52	1,282.95	2,575.49
	Other expenses	1,482.04	1,180.74	1,159.83	2,662.78	2,114.16	4,156.44
	Total expenses	38,770.40	33,905.92	31,513.54	72,676.32	59,414.37	126,061.83
3	Profit before tax (1-2)	5,041.48	4,292.93	3,936.91	9,334.41	7,265.72	16,153.57
4	Tax expense
	Current tax	853.66(19.10)	746.89	801.47	1,600.55	1,320.09	2,977.92
	Deferred tax (credit)/charge	834.56	113.61860.50	(136.57)664.90	94.511,695.06	(19.89)1,300.20	(99.37)2,878.55
5	Profit for the period (3-4)	4,206.92	3,432.43	3,272.01	7,639.35	5,965.52	13,275.02
6	Other comprehensive income
	(i) (a) Items that will not be reclassified to profit or loss	(3.18)	(3.19)	(5.03)	(6.37)	(10.06)	(10.06)
	(b) Tax (expense) / benefit on items that will not be reclassified to profit or
	loss	0.80	0.80	1.26	1.60	2.53	3.21
	(ii) (a) Items that will be reclassified to profit or loss	(166.48)	371.19	(377.64)	204.71	(417.50)	136.58
	(b) Tax (expense) / benefit on items that will be reclassified to profit or loss	-	-	-	-	-	-
	Total other comprehensive income (net of tax)	(168.86)	368.80	(381.41)	199.94	(425.03)	129.73
	Total comprehensive income for the period (5+6)	4,038.06	3,801.23	2,890.60	7,839.29	5,540.49	13,404.75
7
8	Profit attributable to:
	Owners of the Holding Company	4,217.13	3,382.14	3,287.06	7,599.27	5,995.93	13,332.02
	Non-controlling interest	(10.21)	50.29	(15.05)	40.08	(30.41)	(57.00)
	Other comprehensive income attributable to:
	Owners of the Holding Company	(171.78)	421.83	(387.57)	250.05	(430.77)	122.00
	Non-controlling interest	2.92	(53.03)	6.16	(50.11)	5.74	7.73
	Total comprehensive income attributable to:
	Owners of the Holding Company	4,045.35	3,803.97	2,899.49	7,849.32	5,565.16	13,454.02
	Non-controlling interest	(7.29)	(2.74)	(8.89)	(10.03)	(24.67)	(49.27)
9	Paid-up equity share capital (face value of 10/- each)	5,791.27	5,771.36	5,685.71	5,791.27	5,685.71	5,771.36
10	Other equity (excluding revaluation reserve Nil)						59,440.74
11	Earnings per share (face value of 10/- each) (not annualised) ( )
	Basic (in )	7.29	5.86	6.46	13.15	11.88	24.76
	Diluted (in )	7.16	5.73	6.46	12.89	11.88	24.23

B. SEGMENT RESULT FOR THE QUARTER ENDED AND SIX MONTHS ENDED 30 SEPTEMBER 2021

						( in lakhs)
		Quarter ended		Half year ended		Year ended
Particulars	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Segment revenue
-India	10,590.73	9,390.52	12,700.81	19,981.25	25,809.06	53,032.79
-Dubai	6,376.86	4,278.50	4,410.72	10,655.36	8,973.88	18,180.02
-United Kingdom	29,185.00	26,065.62	24,340.32	55,250.62	45,007.89	94,977.32
-Nigeria	2,933.60	3,191.87	2,408.29	6,125.47	4,342.94	10,697.72
-Others	1,055.32	877.80	1,552.34	1,933.12	3,492.19	5,271.75
-Inter-segment revenue	(6,574.40)	(6,052.20)	(10,484.76)	(12,626.60)	(21,736.82)	(41,542.12)
Total Revenue from operations	43,567.11	37,752.11	34,927.72	81,319.22	65,889.14	140,617.48
Segment Results
-India	492.69	43.56	112.59	536.25	956.21	2,467.92
-Dubai	873.90	358.12	143.37	1,232.02	484.42	1,842.97
-United Kingdom	2,918.60	2,867.28	2,781.59	5,785.88	4,154.40	8,240.10
-Nigeria	346.40	294.26	204.14	640.66	395.25	1,192.31
-Others	231.86	325.68	197.42	557.54	605.49	1,074.02
-Inter-segment revenue	0.29	4.83	63.04	5.12	65.86	13.92
Segment results before other income, finance costsand tax	4,863.74	3,893.73	3,502.15	8,757.47	6,661.63	14,831.24
Add : Other income	244.77	446.74	522.73	691.51	790.95	1,597.92
Less : Finance costs	67.03	47.54	87.97	114.57	186.86	275.59
Profit before tax	5,041.48	4,292.93	3,936.91	9,334.41	7,265.72	16,153.57
Segment assets (including of Non controllinginterest (NCI))
-India	50,744.70	60,813.63	65,987.30	50,744.70	65,987.30	65,726.75
-Dubai	20,557.37	26,375.25	21,298.50	20,557.37	21,298.50	25,174.47
-United Kingdom	52,716.63	63,186.99	55,770.30	52,716.63	55,770.30	63,362.10
-Nigeria	3,995.08	3,775.08	2,521.45	3,995.08	2,521.45	3,653.21
-Others	15,591.36	14,512.29	16,432.93	15,591.36	16,432.93	15,105.32
-Inter-segment Assets	(33,181.98)	(67,401.74)	(66,660.88)	(33,181.98)	(66,660.88)	(70,813.04)
	110,423.16	101,261.50	95,349.60	110,423.16	95,349.60	102,208.81
Segment liabilities (including of NCI)
	13,753.20
-India-Dubai	4,879.93	23,805.5711,509.30	33,295.318,560.26	13,753.204,879.93	33,295.318,560.26	29,082.3010,941.93
-United Kingdom	26,824.91	39,660.92	40,670.14	26,824.91	40,670.14	42,997.81
-Nigeria	2,145.95	2,140.64	1,493.53	2,145.95	1,493.53	2,119.51
-Others	6,151.44	4,975.50	6,631.94	6,151.44	6,631.94	5,167.68
-Inter-segment liabilities	(15,587.86)	(49,577.34)	(49,906.66)	(15,587.86)	(49,906.66)	(53,046.10)
	38,167.57	32,514.59	40,744.52	38,167.57	40,744.52	37,263.13

C. Consolidated Balance Sheet

		( in lakhs)
	As at
Particulars	30.09.2021(Unaudited)	31.03.2021(Audited)
Assets
Non-current assets
Property, plant and equipment	2,062.07	2,114.03
Right-of-use assets	1,250.31	1,566.10
Capital work-in-progress	346.13	105.49
Goodwill	9,491.83	9,025.01
Other Intangible assets	8,249.14	6,578.57
Financial assets
Other financial assets	2,761.56	3,167.44
Deferred tax assets (net)	369.59	464.97
Non-current tax assets (net)	1,675.82	1,433.85
Other non-current assets	919.60	778.56
	27,126.05	25,234.02
Current assets
Financial assets
Investments	1,320.37	1,280.18
Trade receivables	27,705.35	21,730.29
Cash and cash equivalents	25,661.11	26,998.97
Other bank balances	14,378.49	19,766.47
Other financial assets	3,083.42	2,455.18
Other current assets	11,148.37	4,743.70
	83,297.11	76,974.79
Total assets	110,423.16	102,208.81
Equity and liabilities
Equity
Equity share capital	5,791.27	5,771.36
Other equity	66,740.77	59,440.74
Equity attributable to owners of the Holding Company	72,532.04	65,212.10
Non-controlling interest	(276.45)	(266.42)
Total equity	72,255.59	64,945.68
Liabilities
Non-current liabilities
Financial liabilities
Borrowings	-	340.91
Lease liabilities	878.09	1,117.73
Provisions	273.96	273.96
Deferred tax liabilities (net)	33.01	29.72
	1,185.06	1,762.32
Current liabilities
Financial liabilities
Borrowings	-	-
Lease liabilities	434.51	481.97
Trade payables
-Total outstanding dues of micro enterprises and small enterprises	1.70	5.05
-Total outstanding dues of creditors other than micro enterprises and small enterprises	20,454.15	23,843.82
Other current financial liabilities	11,122.26	4,464.41
Provisions	84.58	50.96
Current tax liabilities (net)	3,878.32	4,082.78
Other current liabilities	1,006.99	2,571.82
	36,982.51	35,500.81
Total equity and liabilities	110,423.16	102,208.81

D. Consolidated Statement of Cash flows

			( in lakhs)
	Particulars	Six months ended30 September 2021	Six months ended30 September 2020
A	CASH FLOW FROM OPERATING ACTIVITIES
	Profit before tax	9,334.41	7,265.72
	Adjustments for :
	Financial asset measured at amortised cost (net)	-	0.10
	Depreciation and amortisation expense	1,393.52	1,282.95
	Advances and trade receivable written off	54.90	175.74
	Interest income on fixed deposits	(494.84)	(215.02)
	Interest on income tax refund	-	(22.06)
	Provision for doubtful debts and advances	1.53	-
	Provision for doubtful debts written back	-	(9.84)
	Interest on borrowings from bank	12.69	136.95
	Interest on lease liabilities	71.12	44.03
	Other borrowing cost	28.70	5.48
	Unrealised foreign exchange gain	(79.61)	(401.57)
	Net gain arising on financial assets designated as FVTPL	(40.25)	(61.88)
	Mark to market of derivative financial instruments	-	114.76
	Liabilities no longer payable, written back	(128.01)	(9.72)
	Gain on extinguishment of lease liabilities (net)	(5.85)	(41.13)
	Operating profit before working capital changes	10,148.31	8,264.51
	Adjustments for working capital
	(Increase) in trade receivables	(6,045.78)	(1,236.31)
	(Increase)/decrease in financial assets and other assets	(4,731.83)	771.15
	Increase in trade payables, provisions and other liabilities	2,050.13	5,479.75
	Cash generated from operating activities	1,420.83	13,279.10
	Direct taxes paid (net)	(2,339.42)	(574.11)
	Net cash (used in)/ generated from operating activities	(918.59)	12,704.99
B	CASH FLOW FROM INVESTING ACTIVITIES
	Purchase of property, plant and equipment and intangible assets including Capital work-inprogress	(945.18)	(131.37)
	Proceeds on sale of property, plant and equipment	1.81	-
	Payment of purchase consideration	(2,552.90)	-
	Payment for acquisition of subsidiary	-	(2,417.59)
	Fixed deposits (placed)/matured (net)	3,374.79	(18,979.86)
	Interest received	709.33	165.91
	Net cash (used in) / generated from investing activities (B)	587.85	(21,362.91)
C	CASH FLOW FROM FINANCING ACTIVITIES
	Repayment of non-current borrowings	(397.29)	(25.48)
	Dividend paid	(1,154.27)	-
	Repayment of current borrowings (net)	-	(735.56)
	Proceeds from issue of equity shares on public offer	-	24,000.00
	Proceeds from issue of equity shares on exercise of employee stock options	624.87	-
	Payment of interest portion of lease liabilities	(71.12)	(44.03)
	Payment of principal portion of lease liabilities	(225.51)	(314.16)
	Interest paid	(41.37)	(145.20)
	Net cash generated from / (used in) financing activities (C)	(1,264.69)	22,735.57
D	Currency fluctuations arising on consolidation (D)	203.21	(556.01)
	Net (decrease)/increase in cash and cash equivalents (A+B+C+D)	(1,392.22)	13,521.64
	Cash and cash equivalents at the beginning of the period	26,998.97	6,151.87
	Effect of currency fluctuations on cash and cash equivalents	54.36	-
	Cash and cash equivalents at the end of the period	25,661.11	19,673.51
	Cash and cash equivalents as per consolidated financial statements	25,661.11	19,673.51

The consolidated statement of cash flows has been prepared under the indirect method as set out in Indian Accounting Standard (Ind AS) 7, 'Statement of Cash Flows'.

Notes (A to D):

• 1. The Statement of Route Mobile Limited ('the Holding Company') and its subsidiaries (referred to as 'the Group') has been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended), as prescribed under Section 133 of the Companies Act, 2013.
• 1. The consolidated financial results were reviewed and recommended by the Audit Committee and were thereafter approved by the Board of Directors at their respective meetings held on 18 October 2021. There are no qualifications in the limited review report issued for the said period.
• 1. The Holding Company had completed its Initial Public Offering (IPO) of 17,142,856 equity shares of face value of 10 each at an issue price of 350 per equity share, consisting of fresh issue of 6,857,142 equity shares and an offer for sale of 10,285,714 equity shares by the selling shareholders. The equity shares of the Holding Company were listed on BSE limited and National Stock Exchange of India Limited on 21 September 2020.

The utilisation of IPO proceeds is summarised below :

			( in lakhs)
Particulars	Objects of theissue as perthe Prospectus	Utilisationupto30.09.2021	Unutilisedamounts as on30.09.2021
Repayment or pre-payment, in full or part, of certain borrowings of the	3,650.00	3,650.00	-
Holding Company
Acquisitions and other strategic initiatives	8,300.00	6,655.70	1,644.30
Purchase of office premises in Mumbai	6,500.00	-	6,500.00
General corporate purposes (including IPO related expenses apportioned	5,550.00	1,784.19	3,765.81
to the Holding Company)
Net utilisation	24,000.00	12,089.89	11,910.11

IPO proceeds which remain unutilised as at 30 September 2021 were temporarily invested/parked in deposits with scheduled commercial banks, current account and in monitoring agency account.

1. During the quarter ended 30 September 2021, the Holding Company has completed acquisition of a division, comprising intellectual property (software) and its associated identified customer contracts, of Sarv Webs Private Limited (Sarv Webs),which is in business of providing cloud based digital communication solutions to transmit transactional and promotional emails, under slump sale arrangement for upfront purchase consideration of 2,625 lakhs and a deferred consideration of 400 lakhs payable on the first anniversary of the closing of the acquisition in cash.

The fair value of assets and liabilities acquired have been determined provisionally in accordance with Ind AS 103, 'Business Combinations'. Accordingly, the Holding Company, on provisional basis, recognised following assets :-

Description	Amounts
	( in lakhs)
Net tangible assets	1.00
Customer related intangibles	1,812.00
Intellectual properties (software)	465.00
Non-compete	194.00
Goodwill	467.00
Total	2,939.00

The Holding Company believes that the currently available information provides a reasonable basis for estimating the fair values of assets and liabilities acquired, but the potential for measurement period adjustments exists based on a continuing review of matters related to the acquisition. The purchase price allocation is expected to be completed within one year.

• 1. During the quarter ended 30 September 2021, the Holding Company has allotted 199,109 fully paid-up equity shares of face value of 10 each, pursuant to exercise of stock options vested with eligible employees, which are administered through Route Mobile Employee Welfare Trust (an ESOP Trust) under Route Mobile Limited Employee Stock Option Plan 2017 (ESOP Scheme).
• 1. In assessing the recoverability of receivables, investments and other assets, the Group has considered internal and external information up to the date of these consolidated financial results including credit reports and economic forecasts. The Group has performed sensitivity analysis on the assumptions used and based on the current indicators of future economic conditions, the Group expects to recover the carrying amount of these assets. The impact of the global health pandemic may be different from the estimate as at the date of these consolidated financial results and the Group will closely monitor any material changes to future economic conditions and respond accordingly.
• 1. The Holding Company, its subsidiaries, step down subsidiaries predominantly operate within a single business segment. The Chief Operating Decision Maker (CODM)
• 1. 1. carried out on the records of the Holding Company, has requested the Holding Company to pay goods and services tax under reverse charge mechanism on the purchases of messages from its foreign vendors and sale to its overseas customers as per the provisions of Integrated Goods and Services Tax (IGST) Act, 2017 of Rs. 3,301.85 lakhs (excluding interest) for the period July 2017 to March 2019. In the assessment of the management, which is supported by legal opinion, the aforementioned services are not chargeable to goods and services tax and accordingly no provision for liability has been recognized in the consolidated financial results.
• 1. Basis the legal opinion referred to in para 8 above and further, as decided and approved by the Board at its meeting held on 22 September 2021, the Holding Company is of the view that the import purchases referred to in para 8 above, are not chargeable to goods and services tax. However, out of abundant caution, the Holding Company decided to discharge its liability under GST on such import purchases under reverse charge mechanism (RCM) and claim input tax credit on the same. During the quarter ended 30 September 2021, the Holding Company has accordingly discharged GST dues to the extent of INR 3,110 lakhs for the year 2020-21 and also made part payment of INR 50 lakhs on 01 October 2021 towards GST dues for the period July 2017 to March 2019.

Notes (A to D):

1. The Group has presented net foreign exchange gain under "Other Income" and net foreign exchange loss under "Other Expenses". The table below shows the amount of net foreign exchange gain or loss in each of the periods presented:

						( in lakhs)
Particulars		Quarter ended			Half year ended	Year ended
	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
Net foreign exchange loss/ (gain)	565.73	363.13	(190.68)	928.86	24.07	(284.53)

• 1. communications automation platform provider, for total consideration of 2,900 lakhs. Due to non-fulfilment of the conditions precedents by Phonon, the acquisition is no longer being pursued and the share purchase agreement shall stand cancelled.
• 1. Latin America, for purchase consideration of US$ 47.50 million along with earn-out consideration of upto US$ 2.5 million and also entered into a share purchase agreement

For and on behalf of the Board of Directors

Place : Mumbai Sandipkumar Gupta

Date : 18 October 2021 Chairman

Walker Chandiok & Co LLP

11th Floor, Tower II, One International Center, S B Marg, Prabhadevi (W), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601

Independent Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Route Mobile Limited

• 1. We have reviewed the accompanying statement of standalone unaudited financial results ( the Statement ) of Route Mobile Limited ( the Company ) for the quarter ended 30 September 2021 and the year to date results for the period 1 April 2021 to 30 September 2021, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.
• 1. The Statement, which Board of Directors, has been prepared in accordance with the recognition and measurement principles Section 133 of the Companies Act, 2013 , and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

Page 1 of 2

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Chartered Accountants

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

Route Mobile Limited

Independent Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

5. Emphasis of Matter

We draw attention to Note 8 to the accompanying Statement wherein it is stated that Department of Revenue of the Ministry of Finance, Government of India, has requested the Company to pay the goods and services tax in accordance with the reverse charge mechanism under Integrated Goods and Services Tax (IGST) Act, 2017 of 3,301.85 lakhs (excluding interest) for the period from July 2017 to March 2019 on the purchases of messages from its foreign vendors and sale to their overseas customers. Based on the legal opinion obtained, the management is of the view that the aforementioned services are not chargeable to goods and services tax and accordingly, no consequential adjustments have been made in the accompanying Statement. Our conclusion is not modified in respect of this matter.

For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No:001076N/N500013

Bharat Shetty

Partner Membership No:106815

UDIN:21106815AAAADM2068

Place: Mumbai Date: 18 October 2021

Page 2 of 2

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Chartered Accountants

ROUTE MOBILE LIMITED

Registered office : 4th Dimension, 3rd Floor, Mind Space, Malad (West), Mumbai 400 064, Maharashtra, India Corporate Identity Number: L72900MH2004PLC146323 , Website : www.routemobile.com

A. STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR YEAR ENDED 30 SEPTEMBER 2021

							( in lakhs)
			Quarter ended		Half year ended		Year ended
Sr. No.	Particulars	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Revenue
	Revenue from operations	8,565.11	5,837.07	9,330.79	14,402.18	19,418.02	37,638.36
	Other income	274.45	461.82	236.87	736.27	451.34	1,157.25
	Total revenue	8,839.56	6,298.89	9,567.66	15,138.45	19,869.36	38,795.61
2	Expenses
	Purchases of messaging services	6,381.27	4,468.88	7,959.50	10,850.15	16,257.49	30,565.68
	Employee benefits expense	1,012.87	928.08	719.96	1,940.95	1,330.49	2,890.43
	Finance costs	52.75	33.57	67.46	86.32	139.14	178.93
	Depreciation and amortisation expense	418.56	294.51	272.53	713.07	449.00	1,038.13
	Other expenses	389.14	255.98	189.05	645.12	371.29	1,145.71
	Total expenses	8,254.59	5,981.02	9,208.50	14,235.61	18,547.41	35,818.88
3	Profit before tax	584.97	317.87	359.16	902.84	1,321.95	2,976.73
4	Tax expense
	Current tax	176.00	83.40	140.00	259.40	291.10	683.33
	Deferred tax (credit)/charge	(21.56)	(3.11)	(54.47)	(24.67)	41.20	60.89
		154.44	80.29	85.53	234.73	332.30	744.22
5	Profit for the period (3-4)	430.53	237.58	273.63	668.11	989.65	2,232.51
6	Other Comprehensive income
	Items that will not be reclassified to profit or loss
	Measurements of defined employee benefit plans	(3.18)	(3.19)	(5.03)	(6.37)	(10.06)	(12.75)
	Income tax relating to above item	0.80	0.80	1.26	1.60	2.53	3.21
	Total other comprehensive income (net of tax)	(2.38)	(2.39)	(3.77)	(4.77)	(7.53)	(9.54)
7	Total comprehensive income for the period (5+6)	428.15	235.19	269.86	663.34	982.12	2,222.97
8	Paid-up equity share capital (face value of 10/- each)	5,791.27	5,771.36	5,685.71	5,791.27	5,685.71	5,771.36
9	Other equity (excluding revaluation reserve Nil)						28,702.95
10	Earnings per share (face value of 10/- each) (not annualised)( )
	Basic (in )	0.75	0.41	0.53	1.16	1.96	4.15
	Diluted (in )	0.73	0.40	0.53	1.13	1.96	4.06

B. Standalone Balance Sheet

		( in lakhs)
	As at
Particulars	30.09.2021	31.03.2021
	(Unaudited)	(Audited)
AssetsI
1 Non-current assets
Property, plant and equipment	937.76	867.34
Right-of-use assets	1,049.60	1,173.07
Capital work-in-progress	-	105.49
Goodwill	573.77	106.77
Other Intangible assets	3,631.70	1,561.61
Investments in subsidiaries	3,661.92	3,650.04
Financial assets
Loans	1,339.67	769.67
Other financial assets	2,340.59	329.42
Deferred tax assets (net)	265.79	239.52
Non-current tax assets (net)	1,455.28	1,194.93
Other non-current assets	61.38	34.93
	15,317.46	10,032.79
2 Current assets
Financial assets
Investments	1,320.37	1,280.18
Trade receivables	6,600.71	9,829.79
Cash and cash equivalents	1,813.92	12,927.11
Other bank balances
	13,876.85	19,268.05
Loans	56.98	3,294.80
Other current financial assets	1,808.62	2,122.03
Other current assets	3,698.53	184.93
	29,175.98	48,906.89
Total assets	44,493.44	58,939.68
Equity and liabilitiesII
1 Equity
Equity share capital	5,791.27	5,771.36
Other equity	28,816.96	28,702.95
	34,608.23	34,474.31
Liabilities
2 Non-current liabilities
Financial liabilities
Borrowings	-	12.79
Lease liabilities	854.41	951.19
Provisions	251.71	251.71
	1,106.12	1,215.69
3 Current liabilities
Financial liabilities
Lease liabilities	192.44	186.19
Trade payables
-Total outstanding dues of micro enterprises and small enterprises	1.70	5.05
-Total outstanding dues of creditors other than micro enterprises and small	5,452.33	19,120.22
enterprises
Other current financial liabilities	2,827.27	2,024.94
Other current liabilities	225.36	1,866.91
Provisions	79.99	46.37
	8,779.09	23,249.68

C. Standalone Statement of Cash flows

Particulars	Half Year ended30.09.2021	Half Year ended
		30.09.2020
CASH FLOW FROM OPERATING ACTIVITIESA.
Profit before tax	902.84	1,321.95
Adjustments for :	(3.90)
Financial asset measured at amortised cost		(5.68)
Depreciation and amortisation expense	713.07	449.00
Interest on lease liabilities	56.666.43	12.04
Advances and trade receivable written off	(487.34)	7.21
Interest income on fixed deposits		(202.47)
Interest income on loan to subsidiary companies	(83.85)	(42.67)
Net gain arising on financial asset measured at FVTPL	(40.19)	(61.88)
Provision for doubtful debts written back	-	(9.84)
Interest on borrowings from bank	1.44	121.82
Other borrowing cost	28.22	4.88
Unrealised foreign exchange loss/(gain)	(16.49)	254.78
Mark to market of derivative financial instruments	-	114.76
Liabilities no longer payable, written back	(17.06)	(0.06)
Operating profit before working capital changes	1,059.83	1,963.84
Adjustments for working capital:
Decrease in trade receivables	3,211.49	1,619.35
Decrease/(Increase) in financial assets and other assets	(3,464.14)	813.22
Increase/(decrease) in trade payables, provisions and other liabilities	(14,402.26)	3,146.30
Cash generated from/(used in) operating activities	(13,595.08)	7,542.71
Direct taxes paid (net)	(519.74)	277.62
Net cash generated from/(used in) operating activities	(14,114.82)	7,820.33
CASH FLOW FROM INVESTING ACTIVITIESB.
Purchase of property, plant and equipment and intangible assets including Capital
work-in-progress	(569.36)	(113.63)
Payment of purchase consideration on Sarv webs acquisition	(2,552.90)	-
Proceeds on sale of property, plant and equipment	1.84	-
Fixed deposits (placed)/matured	3,378.00	(19,000.82)
Investment in subsidiaries	(11.88)	-
Loans given to Subsidiaries	(570.00)	-
Repayment of loans given to Subsidiaries	3,237.82	29.85
Interest received on loan to subsidiaries	112.26	-
Interest received	702.38	134.23
Net cash generated from / (used in) investing activities	3,728.16	(18,950.37)
CASH FLOW FROM FINANCING ACTIVITIESC.
Proceeds from issue of equity shares on public offer	-	24,000
Proceeds from issue of equity shares on exercise of employee stock options	624.87	-
Repayment of non-current borrowings	(20.93)	(3.65)
Interest paid	(29.66)	(129.48)
Payment of interest portion of lease liability	(56.66)	(12.04)
	(90.53)	(170.59)
Payment of principal portion of lease liability	(1,154.27)	-
Dividend paid
(Repayment of )/Proceeds from current borrowings (net)Net cash generated from/(used in) financing activities	-(727.18)	(735.56)22,948.68
Net (decrease)/increase in cash and cash equivalents (A+B+C)	(11,113.84)	11,818.64
Opening balance of cash and cash equivalents	12,927.11	2,292.75
Effect of currency fluctuations on cash and cash equivalents	0.65	-
Closing balance of cash and cash equivalents	1,813.92	14,111.39
Cash and cash equivalents as per financial statements	1,813.92	14,111.39

Notes:

(i) Non-cash transactions for half year ended 30 September 2020 :- Conversion of loan to subsidiary of 1,000.08 lakhs into 74,300 equity shares of 10 each.

(ii) The standalone statement of cash flows has been prepared under the indirect method as set out in Indian Accounting Standard (Ind AS) 7, 'Statement of Cash Flows'.

Notes (A to C):

• 1. The Statement has been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended), as prescribed under Section 133 of the Companies Act, 2013.
• 1. The standalone financial results were reviewed and recommended by the Audit Committee and were thereafter approved by the Board of Directors at their respective meetings held on 18 October 2021. There are no qualifications in the limited review report issued for the said period.
• 1. The Company had completed its Initial Public Offering (IPO) of 17,142,856 equity shares of face value of 10 each at an issue price of 350 per equity share, consisting of fresh issue of 6,857,142 equity shares and an offer for sale of 10,285,714 equity shares by the selling shareholders. The equity shares of the Company were listed on BSE limited and National Stock Exchange of India Limited on 21 September 2020.

The utilisation of IPO proceeds is summarised below :

			( in lakhs)
Particulars	Objects of the	Utilisation upto	Unutilised
	issue as per the	30.09.2021	amounts as on
	Prospectus		30.09.2021
Repayment or pre-payment, in full or part, of certain	3,650.00	3,650.00	-
borrowings of the Company
Acquisitions and other strategic initiatives	8,300.00	6,655.70	1,644.30
Purchase of office premises in Mumbai	6,500.00	-	6,500.00
General corporate purposes (including IPO related	5,550.00	1,784.19	3,765.81
expenses apportioned to the Company)
Net utilisation	24,000.00	12,089.89	11,910.11

IPO proceeds which remain unutilised as at 30 September 2021 were temporarily invested/parked in deposits with scheduled commercial banks, current account and in monitoring agency account.

1. During the quarter ended 30 September 2021, the Company has completed acquisition of a division, comprising intellectual property (software) and its associated identified customer contracts, of Sarv Webs Private Limited (Sarv Webs),which is in business of providing cloud based digital communication solutions to transmit transactional and promotional emails, under slump sale arrangement for upfront purchase consideration of 2,625 lakhs and a deferred consideration of 400 lakhs payable on the first anniversary of the closing of the acquisition in cash.

The fair value of assets and liabilities acquired have been determined provisionally in accordance with Ind AS 103, 'Business Combinations'. Accordingly, the Company, on provisional basis, recognised following assets :-

Description	Amounts
	( in lakhs)
Net tangible assets	1.00
Customer related intangibles	1,812.00
Intellectual properties (software)	465.00
Non-compete	194.00
Goodwill	467.00
Total	2,939.00

The Company believes that the currently available information provides a reasonable basis for estimating the fair values of assets and liabilities acquired, but the potential for measurement period adjustments exists based on a continuing review of matters related to the acquisition. The purchase price allocation is expected to be completed within one year.

• 1. During the quarter ended 30 September 2021, the Company has allotted 199,109 fully paid-up equity shares of face value of 10 each, pursuant to exercise of stock options vested with eligible employees, which are administered through Route Mobile Employee Welfare Trust (an ESOP Trust) under Route Mobile Limited Employee Stock Option Plan 2017 (ESOP Scheme).
• 1. In assessing the recoverability of receivables, investments and other assets, the Company has considered internal and external information up to the date of these standalone financial results including credit reports and economic forecasts. The Company has performed sensitivity analysis on the assumptions used and based on the current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. The impact of the global health pandemic may be different from the estimate as at the date of these standalone financial results and the Company will closely monitor any material changes to future economic conditions and respond accordingly.
• 1. 1. carried out on the records of the Company, has instructed the Company to pay goods and services tax under reverse charge mechanism on the purchases of messages from its foreign vendors and sale to its overseas customers as per the provisions of Integrated Goods and Services Tax (IGST) Act, 2017 of Rs. 3,301.85 lakhs (excluding interest) for the period July 2017 to March 2019. In the assessment of the management, which is supported by legal opinion, the aforementioned services are not chargeable to goods and services tax and accordingly no provision for liability has been recognized in the standalone financial results.
• 1. Basis the legal opinion referred to in para 8 above and further, as decided and approved by the Board at its meeting held on 22 September 2021, the Company is of the view that the import purchases referred to in para 8 above, are not chargeable to goods and services tax. However, out of abundant caution, the Company decided to discharge its liability under GST on such import purchases under reverse charge mechanism (RCM) and claim input tax credit on the same. During the quarter ended 30 September 2021, the Company has accordingly discharged GST dues to the extent of INR 3,110 lakhs for the year 2020-21 and also made part payment of INR 50 lakhs on 01 October 2021 towards GST dues for the period July 2017 to March 2019.

Notes (A to C):

1. The Company has presented net foreign exchange gain under "Other Income" and net foreign exchange loss under "Other Expenses". The table below shows the amount of net foreign exchange gain or loss in each of the periods presented:

						( in lakhs)
Particulars	Quarter ended			Half year ended		Year ended
	30.09.2021	30.06.2021	30.09.2020	30.09.2021	30.09.2020	31.03.2021
Net foreign exchange loss/ (gain)	(16.09)	(86.87)	(28.10)	(102.96)	(4.03)	253.90

1. communications automation platform provider, for total consideration of 2,900 lakhs. Due to non-fulfilment of the conditions precedents by Phonon, the acquisition is no longer being pursued and the share purchase agreement shall stand cancelled.

For and on behalf of the Board of Directors

Place : Mumbai Sandipkumar Gupta Date : 18 October 2021 Chairman

Route Mobile Limited

- Q2 FY2022 & H1 FY2022 update

1 October 18, 2021

Safe Harbor (Page 1 of 2)

This presentation has been prepared for general information purposes in respect of Route Mobile Limited ("Company") together with its subsidiaries, associates and joint ventures, as applicable (together, with the Company, the "Group") only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or invitation, directly or indirectly, in any manner, or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company in any jurisdiction, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Group to be construed as legal, accounting or tax advice.

This presentation has not been approved and will not or may not be reviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India.

This presentation contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Group and/ or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words including, without limitation "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Group nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Group expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward looking statements are based. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forwardlooking statements. Certain numbers in these presentations and materials have been subject to routine rounding off and accordingly figures shown as total in tables and diagrams may not be an arithmetic aggregation of the figures that precede them.

The information contained in these presentations and materials are only current as of the dates specified herein and have not been independently verified. None of the Group, its directors, promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation, and makes no representation or warranty, express or implied, for the contents of this presentation including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this presentation or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Past performance is not a guide for future performance. The information contained in this presentation is current, and if not stated otherwise, made as of the date of this presentation. The Group undertakes no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party intending to provide finance/ invest in the shares/ businesses of the Group shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision.

This presentation includes certain industry data and projections that have been obtained from industry publications and surveys. Industry publications and surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance that the information is accurate or complete. Neither the Company nor any of its advisors or representatives have independently verified any of the data from third-party sources or ascertained the underlying economic assumptions relied upon therein. All industry data and projections contained in this presentation are based on data obtained from the sources cited and involve significant elements of subjective judgment and analysis, which may or may not be correct. For the reasons mentioned above, you should not rely in any way on any of the projections contained in this presentation for any purpose.

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Route Mobile - Industry Leading Global CPaaS Platform

(1) Juniper - CPaaS Future Market Outlook, 2021 | (2) LTM Sep 2021 refers to 12 months period from Oct 1, 2020 to Sep 30, 2021 (2) Source: https://www.visualcapitalist.com/the-worlds-tech-giants-ranked/ (2020)

Systematic roadmap to create sustained growth momentum

Comprehensive Enterprise Communication

Global Diaspora - Footprint & Super Network

Key Developments

Expansion of Geographical Footprint Product Portfolio Expansion

• § Signed definitive agreements, on Oct 9, 2021 to acquire 100% equity in Masivian S.A.S ("Masiv")
• § Masiv's differentiated cloud communication platform offerings for enterprises create a springboard for growth in Latin America
• § Total purchase consideration of US$47.5mn (to be paid out in four instalments) and earn-out of up to US$2.5mn
• § Closing expected in Q3 FY2022, subject to completion of conditions precedents
• § Signed definitive agreements, on Oct 12, 2021, to acquire 49% equity stake and 90% economic and beneficial interest in Interteleco
• § The acquisition will further strengthen Route Mobile's presence in Middle East, through expansion into a new region - Kuwait
• § Total purchase consideration of Kuwaiti Dinar 652,500 (to be paid out in two tranches)
• § Closing expected in Q3 FY2022 subject to completion of conditions precedents

• § Acquired email platform, team and associated business on a slump sale basis on Jul 5, 2021, and re-branded it as SendClean
• § Email continues to be a critical channel of digital communication for enterprises
• § SendClean creates cross-sell opportunity within Route Mobile's existing blue-chip customer base
• § Total consideration of INR 300mn (to be paid out in two tranches)

Recognized as "Established Leader" by Industry Analysts

Juniper report assigns highest ratings to Route Mobile on the following parameters:

• Breadth of CPaaS technologies supported
• Capabilities and sophistication of A2P services
• Strength and depth of operator partnerships
• Size of operations in the mobile communications sector
• Market presence

Rapid - A Global Developer API Initiative (launched in Q2 FY2022)

Other Updates

ESOPs

§ Nomination and Remuneration Committee of Route Mobile, on Oct 12, 2021 approved the grant of 736,500 stock options (convertible into 736,500 equity shares of INR 10 each upon Exercise) to eligible employees in the Company (and its subsidiary(ies) under RML ESOP 2021. Details of RML ESOP 2021 have been intimated to the Indian Stock exchanges as per regulatory requirements and guidelines

Strengthened Board of Directors

• § The Company announced the appointment of Mr. Bhaskar Pramanik as an Additional and Independent Director on the Board of the Company on Aug 10, 2021
• § Mr. Pramanik is a seasoned entrepreneur and a tech disruptor with a career spanning over 45 years. He has held key National and Global Leadership positions in leading Multinational Technology Companies, across India, Singapore, and the US. Mr. Pramanik was also on the Executive Committee of NASSCOM, the National Committee of CII and AMCHAM, and has been a former Board member of the State Bank of India, former Chairman of Microsoft India and Managing Director at Oracle Corporation and Sun Microsystems in India. He was also the Global VP for Commercial Systems at Sun Microsystems Inc., based out of Menlo Park, CA.
• § Having led growth strategies, go-to-market execution, and driving remarkable results with his astute business sense for major global brands, Mr. Pramanik often shares his wealth of experience as a mentor to a number of professionals and colleagues, most of whom are now MDs and senior leaders at various companies in India including SAP, Google, Netaps, Red Hat, Nvidia, Cisco and Thermo Fisher.

Infrastructure expansion for Call2Connect business

§ Inaugurated a 1,000 seater BPO center at Virar, Mumbai, on Oct 15, 2021, to support growth of Call2Connect business operations

GST related matter

• § During the quarter ended Jun 30, 2021, the Department of Revenue of the Ministry of Finance, Government of India has requested Route Mobile to pay GST under reverse charge mechanism on the purchases of messages from its foreign vendors and sale to its overseas customers as per the provisions of IGST Act, 2017 of ₹330mn (excluding interest) for the period July 2017 to March 2019.
• § In the assessment of the management, which is supported by legal opinion, the aforementioned services are not chargeable to GST and accordingly no provision for liability has been recognized in the consolidated financial results. However, out of abundant caution, Route Mobile decided to discharge its liability under GST on such import purchases under RCM and claim input tax credit. During the quarter ended Sep 30, 2021, Route Mobile has accordingly discharged GST dues to the extent of ₹311mn for the year 2020-21 and also made part payment of ₹ 5mn on Oct 1, 2021 towards GST dues for the period July 2017 to March 2019.

Financial Highlights

Q2 FY2022 – Snapshot

Revenue from Operations (In ₹ mn)

Gross Profit (In ₹ mn) and Gross Profit Margin (%)

EBITDA(1) (In ₹ mn) and EBITDA Margin (%)

Adjusted PAT(2) (In ₹ mn) and Adjusted PAT Margin (%)

(1) Net loss on FX transactions and translation is excluded from EBITDA, amounting to ₹57m, ₹36mn and -₹19mn for Q2 FY2022, Q1 FY2022 and Q2 FY2021 respectively.

(2) PAT has been adjusted for non-cash amortization associated with the intangible assets added as a result of purchase price allocation for acquisitions.

Financial Highlights

For the Quarter ended Sep 30, 2021 (Q2 FY2022)

• Closed Q2 FY2022 with revenue from operations of 4,357mn compared to ₹3,775mn in Q1 FY2022and ₹3,493mn in Q2 FY2021
  • Y-o-Y growth of 24.7% and sequential growth of 15.4% in revenue
• Recorded Gross Profit of ₹923mn in Q2 FY2022 compared to ₹769mn in Q1 FY2022 and ₹680mn in Q2 FY2021
  • Y-o-Y growth of 35.7% and sequential growth of 20% in Gross Profit
  • Gross Profit margin of 21.2%, 20.4% and 19.5% in Q2 FY2022, Q1 FY2022 and Q2 FY2021 respectively
• EBITDA of ₹617mn in Q2 FY2022 compared to ₹491mn in Q1 FY2022 and ₹399mn in Q2 FY2021
  • Y-o-Y growth of 54.5% and sequential growth of 25.5% in EBITDA
  • EBITDA margin of 14.2%, 13.0% and 11.4% in Q2 FY2022, Q1 FY2022 and Q2 FY2021 respectively
• Recorded Profit After Tax of ₹421mn in Q2 FY2022 compared to ₹343mn in Q1 FY2022 and ₹327mn in Q2 FY2021
  • Y-o-Y growth of 28.6% and sequential growth of 22.6% in Profit After Tax
• Adjusted Profit After Tax of ₹454mn in Q2 FY2022 compared to ₹377mn in Q1 FY2022 and ₹363mn in Q2 FY2021
  • Adjusted for non-cash amortization associated with the intangible assets added as a result of purchase price allocation for acquisitions
  • Adjusted Profit After Tax margin of 10.4%, 10.0% and 10.4% in Q2 FY2022, Q1 FY2022 and Q2 FY2021 respectively

H1 FY2022 – Snapshot

EBITDA(1) (In ₹ mn) and EBITDA Margin (%)

Adjusted PAT(2) (In ₹ mn) and Adjusted PAT Margin (%)

(1) Net loss on FX transactions and translation is excluded from EBITDA, amounting to ₹92.9mn and ₹2mn for H1 FY2022 and H1 FY2021 respectively.

(2) PAT has been adjusted for non-cash amortization associated with the intangible assets added as a result of purchase price allocation for acquisitions.

Financial Highlights

For the half year ended Sep 30, 2021 (H1 FY2022)

• Closed H1 FY2022 with revenue from operations of ₹8,132mn compared to ₹6,589mn in H1 FY2021
  • Y-o-Y growth of 23.4% in revenue
• Recorded Gross Profit of ₹1,691mn in H1 FY2022 compared to ₹1,282mn in H1 FY2021
  • Y-o-Y growth of 31.9% in Gross Profit
  • Gross Profit margin of 20.8%, 19.5% in H1 FY2022 and H1 FY2021 respectively
• Recorded EBITDA of ₹1,108mn in H1 FY2022 compared to ₹797mn in H1 FY2021
  • Y-o-Y growth of 39.0% in EBITDA
  • EBITDA margin of 13.6%, 12.1% in H1 FY2022 and H1 FY2021 respectively
• Recorded Profit After Tax of ₹764mn in H1 FY2022 compared to ₹597mn in H1 FY2021
  • Y-o-Y growth of 28.1% in Profit After Tax
• Adjusted Profit After Tax of ₹831mn in H1 FY2022 compared to ₹658mn in H1 FY2021
  • Adjusted for non-cash amortization associated with the intangible assets added as a result of purchase price allocation for acquisitions
  • Adjusted Profit After Tax margin of 10.2% and 10.0% in H1 FY2022 and H1 FY2021 respectively

Diverse customer base

Revenue contribution from select industries in H1 FY2022

Digital native	Social/ Internet; EdtechandTechnology companies	23%
Tier 1 CPaaS partners	Top tier 1 CPaaS partners across theglobe	16%
FinServ	Digital communication solutions forBanking, Insurance and Paymentgateways	11%
Ecommerce	Increasing use of communicationAPIs to drive customer engagement	10%
Telecom & allied Services	MNOs and telecom OEMs	7%
Retail	Increasing use of communication APIs todrive customer engagement	4%
Travel	Digital Solution for travel industry,particularly to airlines. and its alliedservices	1%

Revenue for Top 50 countries by termination (1)

Revenue by customer HQ (continent) (2)

Americas Asia Europe Africa

(1) Top 50 countries contribute c.91% of H1 FY2022 revenue from operation I (2) Based on Top 150 customers - contributes c. 95% of H1 FY2022 revenue from operation

Growing number of Multi-million dollar accounts with Improving Client Diversification

FY2019 FY2020 FY2021 H1 FY2022 1

Client Concentration (1)

Top 1 Top 5 Top 10 Top 50

1 (1) H1 FY2022 annualized (2) FY2019 excludes the discontinued wholesale voice business

Recurring Revenue(1) as % of Operating Revenue

118% Net revenue retention(2) Deep Customer engagement driving high recurring revenues

(1) Recurring customers defined as customers that have been billed in each of the months over the respective period. For instance, a customer billed each month over October 1, 2020 – September 30, 2021 is a recurring customer for LTM Sep 2021

(2) Net revenue retention calculated based on comparison of H1 FY2021 revenue with H1 FY2022 revenue

Improving Unit Economics – Revenue

Revenue from operations and Total Billable Transaction (1)

Robust growth momentum 23% Y-o-Y growth in H1 FY2022 29% CAGR over past 2 years (FY2019- FY2021)

Revenue per transaction (in ₹)

Improving unit economics

Higher revenue per transaction on back of increasing unit pricing

(1) FY2019 includes the discontinued wholesale voice business revenue of INR 1,008mn; Billable transactions in H1 FY2022 excludes RCS transactions

EBITDA (In ₹ mn) and EBITDA Margin (%)

EBITDA (In ₹) per transaction

Non-linear business model creates high operating leverage

EBITDA as % of Gross Profit increased from 52% in FY2020 to 63% in FY2021 and 66% in H12022

(1) Net loss on FX transactions and translation is excluded from EBITDA for respective periods.

Robust Return Ratios with High Cash Generation

Adjusted PAT (In ₹ mn) and Adjusted PAT Margin (%) (1)

Continued focus on profitable growth

Return on Capital Employed and Return on Equity(1,2)

High profitability and efficient capital deployment resulting in robust return ratios

• (1) PAT has been adjusted for non-cash amortization (incurred in FY2020, FY2021 and H1 FY2022) associated with the intangible assets added as a result of purchase price allocation for acquisitions, and for one-time expenses related to payments made under Sabka Vikas Scheme (incurred in FY2020) and one-time stamp duty charges incurred in FY2021)
• (2) Average of the opening and closing capital employed & equity considered for respective period; Adjusted PAT used to calculate Equity and Capital Employed

Trend in Accounts Receivable Ageing analysis of Accounts Receivable as on Sep 30, 2021

Trade Payables Analysis

Trend in Trade Payables(1) Ageing analysis of Trade Payables(1) as on Sep 30, 2021

(1) Trade Payables include Outstanding expenses

Next generation messaging channels, viz. enterprise voice solutions, IP based messaging, email and unified communication solutions continue to witness increasing adoption by enterprises

Quarterly New Product Sales (₹ mn)

• Continuous focus on cross selling alternative communication solutions to existing blue-chip customer base
• 400+ new customers onboarded in H1 FY2022, across all products

Human Resource Capital