Easy Trip Planners Limited has informed the Exchange regarding Board meeting held on November 04, 2025.
EASEMYTRIP · price
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On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.1 pts more than its Tour Travel Related Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Easy Trip Planners (EaseMyTrip) board approved issuing about 55.94 crore equity shares (face value Re 1) on a preferential basis to 7 non-promoter allottees at Rs 9.19 per share, aggregating to roughly Rs 514.07 crore. The consideration is non-cash, suggesting the shares are being allotted against an acquisition or investment. Key allottees include Divyank Singhal (4.54% post-allotment), Dhankalash Distributors (2.71%), SSL Nirvana Grand Golf Developers (2.61%), and Ashish Begwani (2.34%). A postal ballot notice will be sent to shareholders for approval. Separately, CTO Naimish Sinha resigned for personal reasons, with Sankalp Kaul (18+ years in travel tech) named as new CTO from Nov 6, and Manmeet Ahluwalia (ex-Expedia) appointed as CMO effective Nov 4.
The Rs 514 crore preferential issue is a significant equity dilution (~13%+) for existing shareholders, though the non-cash nature means no fresh capital inflow. Shareholders will get to vote on the proposal via postal ballot. Leadership churn at the CTO level and a new CMO appointment signal a strategic reset in technology and marketing direction.