Route Mobile Limited announced significant board approvals on July 13, 2026. The company’s Board has sanctioned the acquisition of an AI-led omnichannel business undertaking from Heltar Technologies Private Limited by its wholly-owned subsidiary, Route Connect Private Limited. This acquisition will be conducted via a slump sale. Additionally, the Board approved an unsecured loan facility of INR 35,00,00,000 (Thirty-Five Crores) to Route Connect for this purpose.
Route Mobile Board Approves Key Strategic Moves
Route Mobile Limited (RML) has disclosed significant corporate actions following its Board of Directors’ meeting held on July 13, 2026. The Board has given its nod to the acquisition of the Al-led Omnichannel Business Undertaking of Heltar Technologies Private Limited by Route Connect Private Limited, a wholly owned subsidiary of RML. This strategic acquisition is set to bolster Route Mobile’s presence in advanced customer engagement solutions.
Slump Sale and Business Transfer
The transfer of the Al-led business will be executed as a slump sale on a going concern basis. This includes all associated assets, liabilities, business contracts, intellectual property rights, and employee-related rights and obligations. The transaction is formalized through a Business Transfer Agreement (BTA), with the slump sale contingent upon the fulfillment of specific condition precedents outlined in the BTA.
Funding for Acquisition
To facilitate this acquisition, Route Mobile Limited has also approved a significant financial arrangement. An unsecured loan or inter corporate deposit facility amounting to INR 35,00,00,000 (Rupees Thirty-Five Crores) has been sanctioned for Route Connect Private Limited. This funding, to be disbursed in one or more tranches, will support the acquisition and related business purposes.
Details of Target Entity
The target entity, Heltar Technologies Private Limited, is engaged in providing Al-first omnichannel customer engagement solutions. Incorporated on July 10, 2023, it operates in the Al-driven omnichannel CpaaS and conversational commerce space. The acquisition is expected to strengthen Route Mobile’s capabilities in artificial intelligence and omnichannel communications.
Acquisition Terms and Consideration
The proposed acquisition is intended to be undertaken with an upfront consideration of INR 238,845,200 at closing, along with a deferred consideration of INR 97,709,400, payable 18 months post-closing. The acquisition is expected to be completed within approximately 6 weeks.
Inter Corporate Deposit Facility Details
The inter corporate deposit facility agreement involves Route Mobile Limited as the Lender and Route Connect Private Limited as the Borrower. The loan amount is INR 35,00,00,000, carrying an interest rate of 9% per annum. The facility is unsecured and repayable within 5 years (60 months) from the disbursement date. Route Mobile also holds a conversion right to convert the outstanding facility into equity shares of Route Connect.
Related Party Transaction Disclosure
The advancement of funds as inter corporate deposits to a wholly-owned subsidiary falls under the definition of a Related Party Transaction. However, this specific transaction is exempted under Section 186 of the Companies Act, 2013, and relevant regulations. The company has confirmed that the transaction is conducted on an arm’s length basis.
Source: BSE
