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routemobile communication simplified Registered Office : Route Mobile Limited 4th Dimension , 3rd floor , Mind Space , Malad ( West ) , Mumbai - 400 064 , India +91 22 4033 7676 / 77-99 | Fax : +91 22 4033 7650 info@routemobile.com | www.routemobile.com CIN No : U72900MH2004PLC146323 Ref No : RML / 2021-22 / 109 Date : July 28 , 2021 To , BSE Limited Scrip Code : 543228 Dear Sir / Madam , National Stock Exchange of India Limited NSE Symbol : ROUTE Sub : Outcome of Board Meeting Pursuant to Regulation 30 of SEBI ( Listing Obligations and Disclosure Requirements ) , Regulations , 2015 ( " Listing Regulations " ) , this is to inform you that the Board of Directors of Route Mobile Limited ( the ' Company ' ) in their meeting held today i.e. July 28 , 2021 , through Audio - Visual means , inter alia , 1. Approved the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended June 30 , 2021 . We attach herewith a copy of the Unaudited Standalone and Consolidated Financial Results along with the Limited Review Report of the Auditors and Investors Presentation . We are arranging to publish these results in the newspapers as per Regulation 47 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 . 2. Update on acquisition of Phonon Communications Private Limited ( " Target Entity ' ) : Further to our earlier intimation dated April 29 , 2021 , it is being updated that the Board today at its meeting discussed and noted the non - fulfillment of all the conditions precedents by the Sellers / Target Entity to satisfaction . The management has long been engaged with the representative of the Sellers and Sellers to satisfy the conditions precedents and complete the transaction . There is no positive definitive action from the Sellers / Target Entity to proceed with completion of the transaction or further extend the long stop date . The Board , in view of the above inordinate delay by the Target Entity in this regard , advised not to pursue the acquisition further and accordingly , the Share Purchase Agreement shall be permitted to be terminated . 3. Intimation regarding receipt of Observation letter from Department of Revenue : During the quarter ended 30 June 2021 , the Department of Revenue of the Ministry of Finance , Government of India ( “ department ” ) based on EA 2000 audit carried out on the records of the Company for the period July 2017 to March 2019 had instructed the Company to pay goods and services tax under reverse charge mechanism on the purchases of messages from its foreign vendors and sale to their overseas customers as per the provisions of Integrated Goods and Services Tax ( IGST ) Act , 2017 of Rs . 3,301.85 lakhs ( excluding interest ) . The Board of Directors of the Company in their meeting held today has taken a note on this matter . The Board also took note of Auditors ' Report in this regard after due assessment by the management which was supported by the legal opinion from a reputed law firm , that the aforementioned services are not chargeable to goods and services tax and accordingly no provision for liability has been recognized in the financial results .