Easy Trip Planners Limited has informed the Exchange regarding Board meeting held on August 29, 2025.
EASEMYTRIP · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.0 pts less 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) held a board meeting on August 29, 2025, where Mr. Prashant Pitti resigned as Managing Director with immediate effect, citing plans to focus on mentoring startups and public-good initiatives. Co-promoter Mr. Nishant Pitti was appointed as the new Chairman cum Managing Director, subject to shareholder approval. Mr. Vikas Bansal was appointed as Whole-time Director, and M/s SMD & CO was named as the new Secretarial Auditor for a two-year term. Promoters Nishant Pitti and Rikant Pittie have voluntarily decided to temporarily forgo their salaries, citing alignment with shareholder interests and confidence in long-term growth. The board also approved the notice of the 17th Annual General Meeting along with the Board Report and an amendment to the object clause of the Memorandum of Association.
This is a smooth internal transition within the promoter group with no change in ownership, and the promoters forgoing salaries signals commitment to shareholders. However, the abrupt exit of an MD may create short-term uncertainty for the stock despite assurances of business continuity.