Route Mobile Limited has fixed Wednesday, July 29, 2026, as the record date for determining shareholders eligible to receive its first interim dividend of ₹4 per equity share. The Mumbai-based cloud communications provider announced the payment schedule on July 24, 2026, following the Board’s approval of Q1FY27 results on July 23. The dividend will be paid on or before Thursday, August 13, 2026, to shareholders whose names appear in the register of members on the record date.

The company emphasized that dividends are taxable in the hands of shareholders under the Income-tax Act, 2025, and tax at source (TDS) will be deducted unless specific exemptions are claimed. Resident individual shareholders with a valid Permanent Account Number (PAN) are exempt from TDS if their aggregate dividend income during Tax Year 2026-27 is less than ₹10,000. For higher amounts, a standard TDS rate of 10% applies if PAN is updated; failure to provide a valid PAN or link it with Aadhaar results in a higher deduction rate of 20% under Section 397(2) of the Act.

Tax Deduction Procedures

Shareholders seeking lower or nil tax deduction must submit Form 121 or other relevant certificates via the Registrar and Share Transfer Agent, KFin Technologies Limited, by 5:00 PM IST on July 29, 2026. The company stated that any communication received after this cutoff will not be considered for the current dividend cycle. Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), face a default withholding rate of 20% plus applicable surcharge and cess, unless they submit documentation to avail beneficial rates under Double Taxation Avoidance Agreements (DTAA).

Physical shareholders are reminded that SEBI mandates electronic payment of dividends only if KYC details, including PAN and bank account information, are updated. Those holding shares in physical mode must submit Forms ISR-1, ISR-2, or ISR-3 to KFin Technologies to ensure timely receipt of funds. The company noted that no claim shall lie against it for taxes deducted due to incomplete or inaccurate information provided by shareholders.

Financial Context

This dividend declaration follows Route Mobile’s strong Q1FY27 performance, where consolidated net profit rose 17.8% year-on-year to ₹62.61 crore. Revenue from operations grew 9.6% to ₹1,151.51 crore, driven by steady demand in messaging and voice services. While standalone net profit declined to ₹16.16 crore from ₹30.41 crore in the prior year, the robust consolidated results underscore the contribution of subsidiary operations. The interim payout reflects management’s confidence in cash flows despite mixed standalone profitability metrics.

Route Mobile has approved the acquisition of the AI-led omnichannel business undertaking of Heltar Technologies Private Limited by its wholly owned subsidiary, Route Connect Private Limited. The acquisition will be conducted via slump sale on a going concern basis for a total consideration of INR 33.65 Cr. This strategic move aims to strengthen and expand Route Mobile's capabilities in artificial intelligence and omnichannel communications within the AI-driven omnichannel CpaaS and conversational commerce space.

The Board of Directors of Route Mobile approved the transaction at its meeting held on July 13, 2026. The transfer includes all assets, liabilities, business contracts, intellectual property rights, employees, and other related rights and obligations associated with the business. The acquisition is subject to the completion of condition precedents mentioned in the Business Transfer Agreement (BTA).

The consideration for the acquisition consists of an upfront payment of INR 23.88 Cr at closing and a deferred payment of INR 9.77 Cr payable at the end of 18 months from the closing date. Heltar Technologies, incorporated on July 10, 2023, reported a turnover of INR 246.16 Lakhs for the financial year 2025-26, a significant increase from INR 10.79 Lakhs in the previous year.

To facilitate the acquisition, Route Mobile approved an unsecured loan or inter-corporate deposit facility of INR 35 Cr to Route Connect Private Limited. The loan will be granted in one or more tranches specifically for the acquisition and business purposes. The facility carries an interest rate of 9% per annum and is repayable over a term of 5 years from the date of disbursement.

The loan agreement is scheduled to be executed on or before July 22, 2026. Route Mobile retains the right to convert the outstanding facility, along with accrued interest, into fully paid-up equity shares of Route Connect at a price determined by the lender. The transaction with the wholly owned subsidiary is exempt from certain regulatory requirements under Section 186 of the Companies Act, 2013, and is conducted on an arm's length basis.

Financial Overview of Heltar Technologies

Key Transaction Details