ROUTE MOBILE LIMITED has informed the Exchange regarding Resignation of Mr Gautam Badalia as Chief Executive Officer of the company w.e.f. July 17, 2025.
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Route Mobile's board, meeting on July 17, 2025, approved multiple decisions in one go. Mr. Gautam Badalia resigned as Chief Executive Officer and Key Managerial Personnel with immediate effect, and Mr. Rajdipkumar Gupta (existing Managing Director and founder) was re-designated as Managing Director & CEO from July 18, 2025, ensuring leadership continuity. The board also approved Q1 FY26 results — consolidated revenue from operations fell ~4.8% year-on-year to Rs 1,050.83 crore and net profit declined ~27.6% to Rs 58.78 crore (EPS Rs 8.45 vs Rs 12.45 last year), while standalone net profit rose ~7.8% to Rs 30.41 crore. A first interim dividend of Rs 3 per share (30% on face value of Rs 10) was declared with July 23, 2025 as the record date. Additionally, Mr. Tejas Shah was appointed as Company Secretary & Compliance Officer (KMP), Mr. Sammy Mamdani re-designated as COO, and Mr. Vinay Binyala appointed as Investor Relations Officer.
Continuity at the top should reassure investors since the founder-promoter Rajdipkumar Gupta is taking over the CEO role, but the ~28% drop in consolidated profit and declining revenue may weigh on sentiment. Shareholders get a Rs 3 per share interim dividend, with record date July 23, 2025; expect mild near-term support from the dividend offset by weak earnings.