ROUTE MOBILE LIMITED has informed the Exchange regarding a press release dated July 13, 2026, titled "Route Mobile signs Business Transfer Agreement through its subsidiary, Route Connect Private Limited, to acquire Heltar Technologies Private Limited's AI-drivenomnichannel customer engagement business".
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Route Mobile, through its wholly owned subsidiary Route Connect Private Limited, has signed a Business Transfer Agreement to acquire the AI-driven omnichannel customer engagement business of Heltar Technologies on a slump sale basis. The deal includes Heltar's brand, intellectual property, technology platform, customers, and employees, with the founding team continuing to lead the platform. The acquisition expands Route Mobile's non-SMS capabilities across WhatsApp, RCS, voice, and communication analytics for enterprise customers in India and global markets. It is being funded through Route Mobile's available cash and is expected to close in the coming weeks, subject to customary closing conditions. No financial details such as deal value or valuation were disclosed in the press release.
The acquisition supports Route Mobile's strategy of growing its non-SMS, AI-driven enterprise communications business and is consistent with its previously announced capital allocation plan. Shareholders may view this as a positive step toward diversifying revenue beyond SMS, though the absence of disclosed deal value leaves the financial impact on near-term earnings unclear pending closing.