Deep Health AI India Limited approved the acquisition of debt worth ₹10,35,35,520 from Kshitij Polyline Limited on October 5, 2026. The transaction involves the assignment of debt owed by Sparion Infrastructure Private Limited, along with related security interests.

The Board of Directors considered and approved the entry into a Deed of Assignment of Debt with Kshitij Polyline Limited as the Assignor. The company will acquire the assigned debt together with all rights, title, interest, benefits, and claims relating thereto. This includes the benefit of the underlying security held against the debt.

Transaction structure and security

The acquisition is structured on an "as is where is," "as is what is," and "without recourse" basis. A key component of the deal involves the pledge of equity shares in the debtor company. The company will secure the benefit of a pledge over 4,900 equity shares, representing 49% of the equity shareholding of Sparion Infrastructure Private Limited.

Regulatory compliance and disclosures

The board meeting was conducted via video conferencing from 3:00 pm to 5:45 pm. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references the SEBI Master Circular dated January 30, 2026, regarding material agreements.

The company confirmed that the parties involved are not related to the promoter or promoter group. Consequently, the transaction does not fall within the category of related party transactions. No share issuance to the parties is planned as part of this agreement.

Deep Health AI Limited has accepted the resignation of Rajesh Nandkishore Pherwani as Non-Executive Independent Director, effective close of business on September 11, 2026. The departure follows Pherwani’s citation of personal pre-occupation and unavailability to devote sufficient time to company affairs.

The company notified the BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Narayan Singh Rathore, Managing Director, confirmed the acceptance and enclosed the resignation letter.

Resignation Details

Pherwani (DIN: 07576485) tendered his resignation due to personal commitments. He confirmed there were no material reasons for his exit other than those stated. The Board acknowledged receipt and initiated necessary filings with the Ministry of Corporate Affairs.

Other Directorships

Pherwani currently serves as a Non-Executive Independent Director at Kshitij Polyline Limited. He holds no committee memberships in other listed entities.