Route Mobile Limited has issued a postal ballot notice seeking member approval for the appointment of Mr. Seckin Arikcan as Director (Chairman, Non-Executive Non-Independent) through electronic voting. The notice, dated February 18, 2026, was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Postal Ballot Timeline

The company has established a comprehensive timeline for the postal ballot process:

Director Appointment Details

The postal ballot seeks approval for the appointment of Mr. Seckin Arikcan (DIN: 11496476) as Director (Chairman, Non-Executive Non-Independent). Mr. Arikcan was initially appointed by the Board of Directors as an Additional Director with effect from January 22, 2026, in terms of Section 161(1) of the Companies Act, 2013.

Professional Background

Mr. Arikcan serves as the CEO of Proximus Global, the holding company of Route Mobile Limited. He brings over 25 years of experience in the global telecom and enterprise industry, with expertise spanning:

• Global telecom and wireless technologies
• Cloud computing and AI/machine learning
• Managed services and IT system integration
• Mobile financial systems and network monetization

Voting Process and Compliance

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility to members. The Board of Directors have appointed Mr. Dhrumil M. Shah (Membership No.: F8021) of M/s. Dhrumil M. Shah & Co. LLP as the Scrutinizer to oversee the postal ballot process.

Eligibility and Access

Only members whose names appear in the Register of Members or list of beneficial owners as on the cut-off date of February 20, 2026, will be entitled to vote. The postal ballot notice is being sent exclusively through electronic mode to members who have registered their email addresses with their Depository Participants or with KFin Technologies Limited.

Remuneration Policy

As per the company's Nomination and Remuneration policy, no remuneration will be payable to Mr. Arikcan, including sitting fees, as he is an employee of the Proximus group. This appointment is subject to retirement by rotation under the company's Articles of Association.

Regulatory Framework

The postal ballot process is conducted pursuant to Section 108, Section 110 and other applicable provisions of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The process also complies with MCA Circulars regarding conducting postal ballot through e-voting.

The results, along with the Scrutinizer's report, will be communicated to BSE Limited and National Stock Exchange of India Limited, and made available on the company's website at www.routemobile.com and NSDL's e-voting website.

Route Mobile Limited reported its Q3 FY26 financial results, showcasing a strategic transformation toward higher-margin business segments despite facing revenue headwinds. The company's earnings conference call, held on February 10, 2026, revealed both challenges and opportunities as it navigates evolving market dynamics in the communications platform-as-a-service (CPaaS) sector.

Financial Performance Overview

The company's financial metrics for Q3 FY26 present a mixed picture, with revenue pressures offset by significant margin improvements:

The revenue decline of 6.5% year-on-year to ₹1,071 million was primarily attributed to reduced volumes in certain low-margin international long-distance (ILD) business segments. However, this decline was partially offset by growth in higher-margin domestic business in India and other key regions including UAE and Colombia.

Strategic Business Mix Transformation

Route Mobile's management emphasized that the revenue decline reflects a deliberate strategic shift rather than operational weakness. The company has been actively moving away from volume-driven, low-margin revenue streams toward value-driven, high-margin business segments. This transformation has yielded tangible results, with gross profit margin expanding significantly to 24.5%, representing a 340 basis point improvement over the previous year.

The margin expansion translated into absolute gross profit growth of 8.6% year-on-year and 9.8% quarter-on-quarter, demonstrating the effectiveness of the company's focus on quality over quantity of revenue. Management noted that this represents one of their highest quarterly margin performances, reflecting enhanced routing strategies and optimized customer mix.

Leadership Transition and Strategic Direction

A significant development announced during the call was the leadership transition within Route Mobile. Tushar Agnihotri has assumed the position of Chief Executive Officer, while Rajdipkumar Gupta continues as Managing Director, focusing on strategic direction and strengthening synergies with Proximus Global.

Tushar Agnihotri brings extensive CPaaS industry expertise, having successfully built Route Mobile's domestic market presence and expanded operations to Bangladesh, Sri Lanka, and Indonesia during his tenure.

Operational Highlights and Customer Deployments

Despite revenue challenges, Route Mobile achieved several strategic customer deployments during Q3 FY26:

• Retail Solutions: Deployed WhatsApp-based last-mile logistics solutions for two of the world's largest retail chains
• Education Sector: Launched automated admission process chatbot on WhatsApp for a leading Indian educational institution
• Transportation: Implemented comprehensive digital ticketing and customer notification system for a major state-owned waterways company in India
• Telecommunications: Advanced firewall deployment with Claro in Latin America to final testing and acceptance phase

These deployments demonstrate the versatility and enterprise-grade scalability of Route Mobile's omni-channel platform capabilities across diverse industry verticals.

New Products and Market Expansion

The company reported 14.5% year-on-year growth in revenue from new products for the nine months ended December 31, 2025. These products, including omni-channel communication solutions, RCS messaging capabilities, and WhatsApp Business API integration, command premium pricing compared to traditional SMS-based services.

Route Mobile continues to strengthen its partnership ecosystem, expanding customer pipeline in collaboration with Infosys and Tech Mahindra during Q3. The company is also positioning itself at the forefront of the emerging telecom API ecosystem through its engagement with the Konera initiative within Proximus Global.

Cost Structure and Profitability

While gross profit expansion was significant, the company experienced increased operating expenses due to product development initiatives, go-to-market activities, and salary increments. These investments, viewed as essential for long-term capability building, prevented the full flow-through of gross profit improvements to EBITDA levels.

Despite these investments, Route Mobile maintained steady profit after tax margins, demonstrating its ability to preserve bottom-line profitability while making necessary strategic investments. The company's focus on profitable, sustainable value creation remains evident in its disciplined approach to customer acquisition and retention.

Market Position and Future Outlook

Management confirmed Route Mobile's strong market position, maintaining over 50% market share in India's ILD business segment. The company emphasized its commitment to remaining a listed entity, with Proximus Global having no intention of delisting Route Mobile, ensuring continued commitment to minority shareholders.

Looking ahead, Route Mobile is focusing on two primary verticals: telecommunications and enterprise segments. The company's firewall business, along with map server and CPaaS-in-a-Box solutions for operators, represents significant growth opportunities with attractive margin profiles. The upcoming Claro deployment in March 2026 is expected to contribute to revenue growth in subsequent quarters.