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

Deep Health AI India Ltd's board approved acquisition of debt by way of assignment from M/s. Kshitij Polyline Limited.

Mon 5 Oct 2026

Assignment consideration

₹10,35,35,520/-

Borrower/Debtor

Sparion Infrastructure Private Limited

Pledge of equity shares

4,900 equity shares = 49% of the equity shareholding of Sparion Infrastructure Private Limited

Assignment basis

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

Related party transaction

Not a related party transaction

What the board approved

The Board of Directors of Deep Health AI India Limited, 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 company proposes to enter into a Deed of Assignment of Debt with Kshitij Polyline Limited, referred to as the Assignor.

What is being acquired

• The debt due from Sparion Infrastructure Private Limited, described in the update as the Borrower/Debtor.
• The related rights, benefits, claims and the underlying security.
• The benefit of pledge of 4,900 equity shares representing 49% of the equity shareholding of Sparion Infrastructure Private Limited.

The consideration

• Assignment consideration: ₹10,35,35,520/-
• Assigned debt: ₹10,35,35,520/-

On what basis

• The assignment shall be on an "as is where is", "as is what is" and "without recourse" basis, for a consideration of ₹10,35,35,520/-.

Parties and relationship

• Assignor: M/s. Kshitij Polyline Limited
• Assignee: Deep Health AI India Limited
• The parties are not related to the promoter, promoter group or group companies in any manner.
• The transaction is not a related party transaction.

Other points in the disclosure

• On issuance of shares to the parties, the update states "Not Applicable".
• On shareholding, if any, in the entity with whom the agreement is executed, the update states "Not Applicable".

How a retail investor might read this

This is a debt purchase. The company is acquiring, from Kshitij Polyline Limited, the debt owed by Sparion Infrastructure Private Limited, together with the rights, benefits, claims and the underlying security attached to it. The assignment consideration and the assigned debt are stated at the same figure, ₹10,35,35,520/-.

The update records the board's approval of the acquisition of debt by way of assignment; the company proposes to enter into the Deed of Assignment of Debt. The update also records the basis of the assignment, which includes "without recourse", and the benefit of pledge over 4,900 equity shares of the borrower company.

The transaction is stated to be with parties not related to the promoter, promoter group or group companies, and is not a related party transaction.

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