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According to the scrutinizer report filed on Saturday (16 Oct), the company said that 95.09% of shareholders voted in favour of raising funds through issuance of equity or such other securities up to Rs 2,000 crore.
Meanwhile, over 99% of shareholders, who participated in the process, voted in favour of increasing investment limits for foreign portfolio investors, according to the filing.
Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML's portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization.
The company 's consolidated net profit jumped 27.4% to Rs 34.32 crore on a 21.9% increase in net sales to Rs 377.52 crore in Q1 FY22 over Q1 FY21.
The company will announce its Q2 FY22 results today, 18 October 2021.
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