Route Mobile has now become a part of the Proximus Group, a provider of digital services and communication solutions operating in Belgium and international markets, through a strategic acquisition by the latter.In July 2023, Proximus Group signed a definitive agreement with the founding shareholders of Route Mobile to acquire 57.56% of Route Mobile through Proximus Opal for Rs 5924.4 crore (EUR 643.0million) cash consideration, which corresponds to a price per share of Rs 1,626.404. Some of the founding shareholders of Route Mobile subsequently committed to reinvest EUR 299.6 million in Proximus Opal, resulting in a stake of 12.72%, expected to be completed in the next few weeks.Over the past years, Proximus Group already built up a significant presence in the CPaaS and digital identity markets. The complementary expertise and global reach of Route Mobile (a leader in CPaaS) and their US-based affiliate - Telesign (leader in Digital Identity), will allow to reap the benefits of scale, accelerate growth as a truly worldwide group and generate shareholder value. Following receipt of regulatory clearances and finalization of the MTO process, the transaction has been completed on 09 May 2024. The MTO stake, coupled with the shares acquired from the founding shareholders, brings the total shareholding of Proximus Opal in Route Mobile to 82.70%. With this acquisition, Route Mobile has now become part of the Proximus Group, which becomes one of the world`s largest CPaaS players by messaging volume. This is a strategic direction for Route Mobile, which will help in entering mature markets like the USA and Europe, expanding product portfolio and unlocking identified synergies with Telesign.Rajdip Gupta will continue as the Managing Director & Group CEO of Route Mobile and will also spearhead the CPaaS business, globally.Powered by Capital Market - Live News

Net profit of Route Mobile declined 13.30% to Rs 88.10 crore in the quarter ended March 2024 as against Rs 101.61 crore during the previous quarter ended March 2023. Sales rose 0.83% to Rs 1017.03 crore in the quarter ended March 2024 as against Rs 1008.66 crore during the previous quarter ended March 2023.For the full year,net profit rose 14.68% to Rs 375.08 crore in the year ended March 2024 as against Rs 327.06 crore during the previous year ended March 2023. Sales rose 12.72% to Rs 4023.29 crore in the year ended March 2024 as against Rs 3569.23 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1017.031008.66 1 4023.293569.23 13 OPM %12.3313.08 -12.7012.44 - PBDT129.44141.59 -9 524.29463.10 13 PBT107.59120.36 -11 438.24381.50 15 NP88.10101.61 -13 375.08327.06 15 Powered by Capital Market - Live News

Route Mobile announced that the Board of Directors of the Company at its meeting held on 06 May 2024, has recommended a Final dividend of Rs.2 per share (i.e.20%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Route Mobile will hold a meeting of the Board of Directors of the Company on 6 May 2024.Powered by Capital Market - Live News

Route Mobile has partnered with Billeasy E Solutions (Billeasy), a Mumbai based integration partner, to introduce a first of it`s kind ticket purchase experience through Rich Communication Services (RCS) Business Messaging for Maha Metro Pune. This innovative solution aims to simplify and enhance the process of purchasing metro tickets, offering commuters a seamless and efficient journey. Through this strategic partnership, users will have the convenience of purchasing Maha Metro Pune e-tickets directly via RCS Messages on android phones. To use this service, users will need to scan QR code and chat with the official RCS account of Maha Metro Pune, follow the simple instructions like selecting �from` and �to` stations, number of tickets and make the payment via their preferred payment method (UPI, Net banking, Credit or debit cards). Upon successful completion, the user will receive the tickets as an RCS message in the form of a QR Code, which they can present at the time of entering the station and complete their journey. This whole experience is native, without the need of downloading any new app and works within the Messages app. In cases where handsets do not support RCS, the user journey seamlessly transitions to other Over-The-Top (OTT) channels, ensuring uninterrupted service. Currently undergoing a Customer User Group (CUG) testing, metro staff stationed at select Maha Metro Pune stations will facilitate the RCS ticket purchase journey by sharing QR codes with commuters. This proactive approach enhances accessibility and ensures a smooth transition to the new ticketing system for Pune Metro users.Powered by Capital Market - Live News