Board approves acquisition of debt by way of assignment for ₹10,35,35,520/-

Board approved a debt acquisition by way of assignment from Kshitij Polyline Ltd. The debt is owed by Sparion Infrastructure Pvt Ltd. Consideration: ₹10,35,35,520/-, including the benefit of pledge of 4,900 equity shares (49% of Sparion).

Mon 5 Oct 2026

Assignment Consideration

₹10,35,35,520/-

Equity Shares Pledged

4,900 equity shares

Pledged Shares as % of Sparion

49% of Sparion

Assignment Basis

as is where is, as is what is and without recourse basis

Board Meeting Date

Monday, October 05, 2026

What the Board approved

Deep Health AI India Ltd (formerly known as Deep Diamond India Ltd) informed the exchanges that its Board of Directors, at its meeting held on Monday, October 05, 2026 through video conferencing, considered and approved the acquisition of debt by way of assignment from M/s. Kshitij Polyline Limited, and matters incidental thereto. The Board meeting commenced at 03:00 P.M and concluded at 05:45 P.M.

The transaction in brief

• The Company proposes to enter into a Deed of Assignment of Debt with Kshitij Polyline Limited, referred to as the "Assignor".
• The debt being acquired is owed by Sparion Infrastructure Private Limited, referred to as the "Borrower/Debtor".
• Along with the debt, the Company acquires the related rights, benefits, claims and the underlying security.
• The assignment consideration is ₹10,35,35,520/-.
• The assignment is on an "as is where is", "as is what is" and "without recourse" basis.

What the underlying security includes

• The benefit of the underlying security includes the benefit of pledge of 4,900 equity shares representing 49% of the equity shareholding of Sparion Infrastructure Private Limited.

Related party position stated

• The said parties are not related to the promoter, promoter group or group companies in any manner.
• The transaction is not a related party transaction.

How to read this

• This is an acquisition of debt: the Company is taking over a loan owed by Sparion Infrastructure Private Limited from Kshitij Polyline Limited, together with the associated security, for a stated consideration of ₹10,35,35,520/-.
• The security that comes with the debt includes the benefit of a pledge of 4,900 equity shares, which represent 49% of the equity shareholding of Sparion Infrastructure Private Limited.
• The update states the assignment is on an "as is where is", "as is what is" and "without recourse" basis.

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