New Director and Additional Loan Facility

Boston International Holdings PLC

29 October 2026

 

29 October 2026

BOSTON INTERNATIONAL HOLDINGS PLC

("BIH" or the "Company")

Appointment of New Director and Additional Loan Facility

The Board of directors of BIH is pleased to announce the appointment of Ravish Kumar Bundhun (age 30) as an Independent Non-Executive Director of the Company with effect from 25 October 2026.

Mr Bundhun is an ACCA-qualified finance professional and currently serves as a director of Altus Management Services Ltd (“Altus”), a management company licensed and regulated by the Financial Services Commission of Mauritius. He has experience in senior roles within a regulated financial services environment, with expertise spanning corporate governance, strategic planning, financial oversight, risk management, anti-money laundering, regulatory compliance, corporate transactions, business development and operational management. Mr Bundhun was formerly a director of Zarara Energy Ltd (“ZEL”), the Company’s largest shareholder. ZEL is a Mauritius-incorporated Global Business Company administered by Altus. Mr Bundhun served as one of ZEL’s two Mauritius-resident directors in his professional capacity through Altus primarily in connection with ZEL's administration and regulatory compliance requirements. There are no relevant connections, professional of otherwise, between Mr Bundhun and BIH or its current Directors.

Mr Bundhun does not hold any shares or other securities in the Company. There are no matters requiring disclosure in respect of Mr Bundhun pursuant to UK Listing Rule 6.4.8R.

Additionally, as announced on 1 December 2025, Zarara Energy Limited ("ZEL"), the Company's 60% shareholder, which in March 2025 provided a bridge loan facility of up to £248,375.34 (to be drawn down in tranches) to assist with the Company's working capital requirements (the "Loan Facility"), on 6 March 2026 ZEL agreed to increase the total amount available under the Loan Facility by £145,250 to £393,625.34 to cover certain specified additional corporate and regulatory costs due in the first six months of 2026 and to extend the repayment date from the current repayment date of 30 June 2026 (or earlier date of an equity fundraising carried out in conjunction with a reverse takeover transaction) to 31 December 2027 (or earlier such equity fundraising date). On 25 October Zarara has agreed to further increase the Loan Facility by additional £95,529 (the “New Funding”) to fund the Company’s 2026 budget and provide financial support when called upon. The Company has drawn down approx. ££26,335.  under the New Funding. ZEL has further agreed to extend repayment period to the earlier of a transaction or by 31st December 2027

By virtue of ZEL holding of 60% of the issued share capital of the Company, ZEL is a 'related party' for the purposes of the Disclosure Guidance and Transparency Rules ("DTRs"). The variation deed relating to the New Funding constitutes a 'material related party transaction' for the purposes of DTR 7.3. Considering the Company requires funds to cover its ongoing working capital requirements, Ravish Bundhun, the newly appointed of BIH who is independent of ZEL, considers that the terms of such 'related party transaction' are fair and reasonable insofar as the shareholders of BIH are concerned and accordingly has approved the execution of the variation deed for the New Funding. Said Mbarak Al Digeil and Abdulmunim Sultan Said Bin Brek, the nominee Directors of ZEL, did not participate in the approval of, or vote on, such transaction.

For more information, please contact:-

Boston International Holdings Plc
Said Digeil		[e-mail]

 

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