Route Mobile felicitated with Best Governed Company in the unlisted segment (Emerging Category) award

Route Mobile Limited has been felicitated at the 19th ICSI National Award for Corporate Governance with “Best Governed Company in the unlisted segment (Emerging Category) award. Mr. Anurag Singh Thakur- Minister of State for Finance and Corporate Affairs and Hon’ble Mr. Justice Dipak Misra, Former Chief Justice of India handed over the Award to our Executive Director, Mr. Sandipkumar Gupta at a function held in New Delhi.

Also present in the function were CS Ranjeet Pandey, President, ICSI, CS Ashish Garg, Vice President, ICSI and CS NPS Chawla, Council Member, ICSI and Chairman, Corporate Laws and Governance Committee, among others.

The Institute of Company Secretaries of India (ICSI), a statutory body, was constituted under the Company Secretaries Act, 1980. [Each year, ICSI recognizes companies for implementing best practices in corporate governance by awarding them with the ICSI Excellence Awards.]

The ICSI National Awards for Excellence in Corporate Governance were unfolded to foster and reward Indian companies imbibing and promoting a culture of good corporate governance.

Mr. Rajdip Kumar Gupta, MD and CEO – Route Mobile Limited, said, “Being recognized and awarded by ICSI is an achievement for Route Mobile Limited. The feat holds value as we believe that we have gotten selected from amongst respected companies of the country. We are humbled by this achievement,” adding, “We believe that our hard work in corporate governance has paid off and we could not have asked for more. We dedicate this award to all the hardworking and diligent employees of Route Mobile Limited.”

[Mr. Anurag Singh Thakur, Hon’ble Chief Justice Mr. Dipak Misra and Mr. Ranjeet Pandey, congratulated all the winners of the awards and wished them luck for their future endeavors.]

Route Mobile Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a draft red herring prospectus, (“DRHP”) with the Securities and Exchange Board of India, (“SEBI”). The DRHP is available on the SEBI website at www.sebi.gov.in as well as the respective websites of the BRLMs at www.icicisecurities.com; www.axiscapital.co.in; www.edelweissfin.com and www.idbicapital.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please see the section “Risk Factors” beginning on page 23 of the DRHP.

The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (“Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) in the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act, “Rule 144A”) in reliance on the exemption from registration requirements of the Securities Act provided by Rule 144A, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act. Prospective purchasers are hereby notified that the seller of the Equity Shares may be relying on the exemption from the registration requirements of the Securities Act provided by Rule 144A. There will be no public offering of the Equity Shares in the United States.