ROUTE MOBILE LIMITED has informed the Exchange regarding Appointment of Mr Gaurav Jhunjhunwala as Senior Management Personnel of the company w.e.f. May 07, 2026.
ROUTE · price
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Route Mobile Limited held its Board meeting on May 07, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The company reported consolidated revenue of ₹4,408.21 crores (down from ₹4,575.62 crores YoY) and profit after tax of ₹256.94 crores (down from ₹333.93 crores YoY), with EPS at ₹37.94 versus ₹50.69 last year. The Board recommended a final dividend of ₹2 per share, bringing total dividend for FY26 to ₹11 per share (including three interim dividends of ₹3 each). Exceptional items of ₹135.87 crores were recorded due to write-offs related to vendor disputes totaling ₹135.87 crores. The Board approved appointment of Mr. Alyque Sequeira (Executive Advisor to CEO) and Mr. Gaurav Jhunjhunwala (AGM-Legal) as Senior Management Personnel. Additionally, the Board proposed reallocating ₹650 million of unutilized IPO proceeds from Mumbai office purchase to general corporate purposes, subject to shareholder approval.
Declining profitability and large exceptional write-offs may concern investors, though consistent dividend payments and management strengthening provide some support. The proposal to redirect IPO funds warrants attention as it changes original deployment plans.