SBI Mutual Fund has announced a significant reduction in its shareholding in route mobile Limited, decreasing its stake to 3.3243% from the previously disclosed 5.3832%. The transaction involved the sale of 42,822 shares through market operations on March 18, 2026.

Shareholding Transaction Details

The mutual fund's divestment represents a notable change in its investment position in the technology services company. According to the regulatory filing dated March 19, 2026, SBI Mutual Fund sold shares worth 0.0680% of Route Mobile's paid-up share capital.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure when there is a change of 2% or more in shareholding from the previous disclosure. SBI Mutual Fund's previous disclosure was made on September 13, 2024, under letter number FM/CS/2024/303, where the reported holding was 5.3832%.

Holdings Comparison

Company Share Capital Structure

Route Mobile Limited's equity share capital remains unchanged at Rs 63,00,30,820, consisting of 6,30,03,082 equity shares with a face value of Rs. 10 each. The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited.

Fund Management Details

The transaction was executed by SBI Mutual Fund under its various schemes, with SBI Funds Management Limited serving as the asset management company. The disclosure was signed by the Chief Compliance Officer and Company Secretary, emphasizing the fund's commitment to regulatory compliance and transparency in its investment activities.

Route Mobile Limited has formally responded to BSE Limited's inquiry regarding unusual trading volume activity in its shares, clarifying that the company is unaware of specific factors driving the recent surge.

BSE Inquiry and Company Response

The exchange had sought clarification through an email dated March 19, 2026, questioning the significant increase in volume of Route Mobile's securities in recent trading sessions. Company Secretary and Compliance Officer Tejas Shah responded on behalf of the company, addressing the exchange's concerns through a detailed clarification letter.

Regulatory Compliance Confirmation

Route Mobile emphasized its adherence to regulatory requirements in the response. The company confirmed that no price-sensitive information is currently in its possession that remains undisclosed to stock exchanges. The management stated it maintains appropriate compliance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The company specifically addressed concerns about material information disclosure:

• No pending price-sensitive announcements awaiting dissemination
• Full compliance with SEBI listing regulations maintained
• All material information properly disclosed as per requirements

Market-Driven Volume Movement

Route Mobile attributed the volume increase to market forces beyond the company's influence. The management clarified that any increase in trading volume of shares listed on stock exchanges is purely market-driven, with the company having no control over such movements.

The formal response was digitally signed by Company Secretary Tejas Shah on March 19, 2026, at 12:55:42 +05'30', ensuring proper authentication of the clarification provided to the exchange.