Glottis Ltd has approved an inter-corporate loan of up to Rs 5 Crore to its wholly owned subsidiary, Glottis Inc, based in Texas. The loan, sanctioned on July 03, 2026, is intended to meet the working capital requirements of the subsidiary. The transaction is classified as a related party transaction conducted at arm’s length.

The Board of Directors approved the loan during a meeting held on July 03, 2026, which commenced at 4.40 p.m. and concluded at 5.10 p.m. Following the approval, the company entered into a loan agreement with the subsidiary. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Loan Details

The loan is unsecured and must be repaid within five years from the date of disbursement. The agreement includes no special rights, such as the right to appoint directors or restrictions on capital structure changes. The loan amount may be provided in Indian Rupees or an equivalent amount in US Dollars.

Glottis Inc is a wholly owned subsidiary of Glottis Ltd. The company confirmed that there are no potential conflicts of interest arising from this agreement and no other material disclosures were required regarding the transaction.

Glottis Limited has scheduled a virtual meeting with investors and analysts on June 26, 2026, at 12:00 PM IST. The session will be conducted via audio/video conferencing to facilitate interaction with participants. No unpublished price sensitive information is proposed to be shared or discussed during this meeting.

The event details are outlined in the table below:

The company noted that the schedule may be subject to change due to emergencies on the part of the investors or the company. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.