Route Mobile Limited Approves Acquisition of Heltar Technologies' Omnichannel Business and Sanctions Loan Facility

Route Mobile Limited Approves Acquisition of Heltar Technologies' Omnichannel Business and Sanctions Loan Facility​

The Board of Directors of Route Mobile Limited approved two significant transactions on July 13, 2026: the acquisition of an AI-led omnichannel business undertaking from Heltar Technologies Private Limited, and the sanctioning of a large unsecured loan facility to its subsidiary.

Route Connect Private Limited, a wholly owned subsidiary of Route Mobile Limited, is set to acquire the AI-led Omnichannel Business Undertaking of Heltar Technologies Private Limited. The acquisition will be executed via slump sale on a going concern basis through a Business Transfer Agreement (BTA). This transfer encompasses all related assets, liabilities, business contracts, intellectual property rights, employees, and other obligations pertaining to the undertaking.

The proposed acquisition is intended to strengthen and expand Route Mobile's capabilities in artificial intelligence and omnichannel communications. The target entity, Heltar Technologies Private Limited, was engaged in providing AI first omnichannel customer engagements solution and had a turnover of INR 246.16 Lakhs for FY 2025-26.

The financial structure for the acquisition involves cash consideration. The upfront consideration is set at INR 238,845,200 (at closing), with deferred consideration amounting to INR 97,709,400, payable at the end of 18 months from the closing date. Completion of the proposed slump sale is estimated within approximately six weeks.

Key details regarding the acquisition are summarized below:

Unsecured Loan Facility Approved for Subsidiary​

In parallel with the acquisition approval, the Board authorized a loan/inter corporate deposit facility to Route Connect Private Limited, which is a wholly owned subsidiary of Route Mobile Limited. The unsecured facility amounts to INR 35,00,00,000 (Rupees Thirty-Five Crores) and is intended for the purpose of this acquisition and related business activities.

The terms of the agreement between Route Mobile Limited (Lender) and Route Connect Private Limited (Borrower) include an interest rate of 9% per annum on the principal amount. The facility, which remains unsecured, is set to be repaid within a Term of 5 years (60 months) from the Disbursement date.

A significant provision of the agreement grants the Lender the right and option, exercisable during the term, to convert the whole or any part of the outstanding Facility (along with accrued Interest) into fully paid-up equity shares of Route Connect Private Limited at a price determined by the Lender, subject to applicable law.

Financial details regarding the lending arrangement are as follows:

ROUTE Stock Price Movement​

ROUTE MOBILE LIMITED shares gained significantly today, with equity settling at ₹582.85 after climbing 6.91% in post-market trading. The stock concluded the day on a substantial volume, having traded 2.19 million shares.