Route Mobile has announced a significant leadership transition that will reshape its board composition. The company has appointed Seckin Arikan as its new Non-Executive Director and Chairman, marking a strategic change in its governance structure.

Leadership Transition Details

The leadership changes at Route Mobile involve two key appointments and departures:

Board Restructuring

Mark James Reid will be stepping down from both his positions as Chairman and Director, concluding his tenure with the company. His departure will coincide with Arikan's appointment, ensuring a smooth transition in leadership roles. The timing of these changes, scheduled for January 22, 2026, provides the company with adequate time for transition planning and stakeholder communication.

New Chairman Profile

Seckin Arikan will assume dual responsibilities as both Non-Executive Director and Chairman of Route Mobile. His appointment represents the company's commitment to bringing fresh leadership perspective to its board structure. The role of Non-Executive Director typically involves providing independent oversight and strategic guidance without involvement in day-to-day operations.

Strategic Implications

This leadership transition reflects Route Mobile's ongoing evolution in its corporate governance framework. The appointment of a new Chairman often signals strategic shifts or renewed focus areas for companies. The advance notice of these changes, announced well ahead of the January 2026 effective date, demonstrates the company's commitment to transparent communication with stakeholders and orderly succession planning.

Route Mobile Limited has announced the rescission of its earlier Employee Stock Option Plan (ESOP) resolution and approved a fresh allotment of 5,500 equity shares. The Nomination and Remuneration Committee, through a circular resolution on December 24, 2025, at 9:25 P.M. IST, rescinded the earlier resolution dated December 18, 2025, and approved the fresh allotment under the RML ESOP 2017 plan, effective December 24, 2025.

Fresh ESOP Allotment Details

The company has allotted 5,500 equity shares with a face value of ₹10.00 each under the Route Mobile Limited - Employee Stock Option Plan 2017. The allotment becomes effective upon receipt of exercise price consideration from eligible employees.

Updated Share Capital Structure

Following the fresh ESOP allotment, the company's paid-up capital has been increased with the following changes:

The distinctive numbers for the newly issued shares range from 63858604 to 63864103, with ISIN number INE450U01017 for demat issuance.

Regulatory Compliance and Exchange Approvals

Route Mobile maintains comprehensive regulatory compliance with consolidated in-principle listing approvals from both major exchanges:

BSE provided approval on October 29, 2020, for 24,84,000 equity shares, while NSE granted similar approval on October 16, 2020. The allotted shares are identical in all respects to existing shares and will rank pari passu with the company's current equity shares.

The company has filed the necessary disclosures with both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.