Glottis Ltd has confirmed that no encumbrance was placed on its shares during the financial year ended 31 March 2026. This disclosure ensures shareholders that the shares held by the promoter group remain free from charges or liens, which is critical for maintaining the integrity of the company's shareholding structure.

The declaration was submitted by Ramkumar Senthilvel, a promoter of the company, to the National Stock Exchange of India Limited and BSE Limited. The filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Senthilvel made the declaration on behalf of himself, the promoter group, and persons acting in concert.

The confirmation covers both direct and indirect encumbrances. The promoter stated that the disclosure submitted to the exchanges is true and correct. Copies of the declaration were also forwarded to the Audit Committee and the company's registered office in Chennai.

Promoter Group Details

The declaration covers the following members of the promoter group and persons acting in concert:

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.