ROUTE MOBILE LIMITED has informed the Exchange regarding Appointment of Mr Alyque Sequeira as Senior Management Personnel of the company w.e.f. May 07, 2026.
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Route Mobile Limited held its Board meeting on May 07, 2026, approving the audited consolidated financial results for FY26. The company reported revenue of ₹4,408.21 crores (down 3.7% from ₹4,575.62 crores in FY25) and net profit of ₹256.94 crores (down 23% from ₹333.93 crores in FY25). The board recommended a final dividend of ₹2 per share, making the total FY26 dividend ₹11 per share including three interim dividends already paid. Two senior management appointments were approved: Mr. Alyque Sequeira as Executive Advisor to CEO and Mr. Gaurav Jhunjunwala as AGM-Legal, both effective May 07, 2026. Additionally, the company proposed to redirect ₹650 million of unutilized IPO proceeds originally meant for Mumbai office premises to general corporate purposes. Exceptional items of ₹135.87 crores were recorded primarily due to write-offs related to vendor disputes totaling ₹135.87 crores.
The appointment of senior management personnel signals organizational strengthening but does not constitute a CEO or CFO change. The financial results show revenue and profit decline year-on-year, though the stock option lapse and borrowings repayment indicate improved financial discipline. The dividend payout remains attractive at ₹11 per share.