Easy Trip Planners Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
EASEMYTRIP · price
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The Board of Easy Trip Planners Limited approved the allotment of 34.78 crore fully paid-up equity shares of INR 1 each to non-promoter allottees on a preferential basis via non-cash consideration worth INR 319.63 crore. Allottees include Mr. Divyank Singhal (19.04 crore shares), Levo Beauty Private Limited (2.67 crore shares), SSL Nirvana Grand Golf Developers Private Limited (10.94 crore shares), and Javaphile Hospitality Private Limited (2.13 crore shares). Additionally, the Board approved the mutual termination of a Share Purchase Agreement originally executed on November 4, 2025 with AB Finance Private Limited and its selling shareholders. The company states there appears to be no impact of the termination on the company.
This preferential share allotment is significantly dilutive to existing shareholders — roughly 35 crore new shares being issued — which could weigh on the stock price in the short term. The termination of the SPA removes a previously announced acquisition deal, which may disappoint investors anticipating strategic consolidation.