Glottis Ltd amends Inter-Corporate Loan Agreement with subsidiary

Glottis Limited announced an amendment to its Inter-Corporate Loan Agreement with its wholly-owned subsidiary, Glottis Inc. The amendment, approved by the Board of Directors on November 11, 2026, revises the loan amount and interest rate. The original loan agreement was dated July 03, 2026. The loan is unsecured and for working capital requirements. The loan amount has been revised to up to US $5.00 Lakhs (equivalent INR), and the interest rate from "WCDL rates prevailing at the time of disbursement" to "Borrowing Cost prevailing at the time of Disbursement +0.50 Spread". The outstanding loan amount as of the disclosure date is US$ 1,00,000/-. The transaction is considered an arm's length transaction and is not expected to have an adverse impact on the company's operations or financial position.