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TANLA PLATFORMS LIMITED — Capital/Financing Update 2025
Jun 20, 2025
61461_rns_2025-06-20_b24fdd8c-e667-413c-ac59-75cbb071481d.pdf
Capital/Financing Update
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Date: June 20, 2025
| To, | |
|---|---|
| BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 532790 |
National Stock Exchange of India Ltd. “Exchange Plaza” Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol: TANLA |
Sub.: Incorporation of a New Step-Down Subsidiary Company
Ref: Regulation 30 (read with Schedule III – Part A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Dear Sir / Madam,
This is to inform you that Karix Mobile Private Limited, an Indian wholly owned subsidiary of Tanla Platforms Limited (“Tanla” or “Company”) has incorporated a subsidiary, Karix Mobile LLC, at Kingdom of Saudi Arabia.
The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are given in Annexure A to this letter.
Kindly take the same on record.
Thank you.
Yours faithfully, For Tanla Platforms Limited
SESHANUR Digitally signed by SESHANURADHA ADHA CHAVA Date: 2025.06.20 CHAVA 16:05:29 +05'30'
Seshanuradha Chava General Counsel and Company Secretary ACS-15519
Encl: As above
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| Annexure A | Annexure A | |
|---|---|---|
| Sr. No. | Particulars | Details |
| a) | Name of the target entity, details in brief such as size, turnover etc. |
Karix Mobile LLC is incorporated at Kingdom of Saudi Arabia, on June 19, 2025, as a subsidiary of Karix Mobile Private Limited, an Indian wholly owned subsidiary of Tanla Platforms Limited (“Tanla” or “Company”). Subscribed share Capital- SAR 350,000 Turnover: Not applicable, as - Karix Mobile LLC is a newly incorporated company. |
| b) | 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 “arm’s length” |
The initial subscription of SAR 350,000 (Saudi Riyal- 350,000 only) by Karix Mobile Private Limited towards the share capital of Karix Mobile LLC does not constitute a Related Party Transaction for the Company. Following its incorporation, Karix Mobile LLC has become a step-down subsidiary and consequently a Related Party of the Company. The promoter/promoter group/group companies of the Company do not have any interest in Karix Mobile LLC, except as mentioned above. |
| c) | Industry to which the entity being acquired belongs |
Karix Mobile LLC will operate in the CPaaS (Communication Platform as a Service) sector facilitating seamless connectivity between businesses and consumers. |
| d) | 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) |
Karix Mobile LLC has been strategically incorporated to spearhead and extend its business operations in Kingdom of Saudi Arabia. This expansion aims to tap into the dynamic markets in Kingdom of Saudi Arabia, leveraging Karix's expertise and innovative solutions to meet the evolving communication needs of the MiddleEastregion. |
| e) | Brief details of any governmental or regulatory approvals required for the acquisition |
Not Applicable |
| f) | Indicative time period for completion of the acquisition |
Not Applicable |
| g) | Consideration - whether cash consideration or share swap and details of the same |
Cash |
| h) | Cost of acquisition or the price at which the shares are acquired |
SAR 350,000 |
| i) | Percentage of shareholding / control acquired and / or number of shares acquired |
70% of the paid-up share capital of Karix Mobile LLC will be held by Karix Mobile Private Limited, India. |
| j) | 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 significantinformation(inbrief) |
Karix Mobile LLC is incorporated in Kingdom of Saudi Arabia on June 19, 2025, and yet to commence its business. |