Frog Innovations Limited has disclosed the execution of an inter-corporate loan agreement with Frog Tele Private Limited, its wholly owned subsidiary, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement was executed on 12th May 2026 and was intimated to the National Stock Exchange of India Limited on the same date by Rajat Sharma, Deputy Company Secretary and Compliance Officer.

Loan Agreement Details

The disclosure, filed in continuation of an earlier intimation dated 27th April 2026, pertains to an additional amount required towards the balance payment of a One-Time Lease Rental. The amount represents the differential net payable on account of TDS and GST applicable on the lease rental, as per the challan received from the Noida Authority. The key parameters of the loan agreement are summarised below:

Related Party Transaction and Shareholding

Frog Innovations Limited holds 100% of the shares of Frog Tele Private Limited, making the latter a wholly owned subsidiary. Consequently, the transaction qualifies as a related party transaction. The company has confirmed that the said transaction has been conducted at arm's length. The promoters, promoter group, and group companies have no other interest in the transaction beyond what has been disclosed.

Key Terms of the Agreement

The loan agreement does not contain provisions relating to the following:

• Right to appoint directors
• First right to share subscription in case of issuance of shares
• Right to restrict any change in capital structure

No shares have been issued in connection with this agreement, and no security has been provided by the borrower against the loan. The company has also confirmed that no other disclosures, including details of nominees on the board or potential conflicts of interest, are applicable in this instance.

Regulatory Compliance

The disclosure has been made in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and in line with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The intimation was signed and submitted by Rajat Sharma, Deputy Company Secretary and Compliance Officer (M. No. A70274), on behalf of Frog Innovations Limited (erstwhile Frog Cellsat Limited).