Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended, this is to inform that the Board at its meeting held today, i.e., November ....
EASEMYTRIP · price
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Awaiting price reaction for this filing.
Easy Trip Planners (Easemytrip) held a board meeting on November 4, 2025, where it approved a preferential allotment of 55.93 crore equity shares at ₹9.19 per share, aggregating to approximately ₹514.07 crores. The consideration is entirely non-cash, suggesting the shares are being issued as payment for an acquisition or investment (likely related to the company's earlier disclosed acquisitions). Seven allottees, all non-promoters, will receive these shares, with the largest being Divyank Singhal (4.54%), Dhankalash Distributors (2.71%), and SSL Nirvana Grand Golf Developers (2.61%). The board also approved a postal ballot notice to seek shareholder approval for this issue. On the management front, Sankalp Kaul (18+ years in travel tech) was appointed as the new Chief Technology Officer, replacing Naimish Sinha who resigned for personal reasons effective November 6. Additionally, Manmeet Ahluwalia (ex-Expedia India, 20+ years marketing experience) was appointed as Chief Marketing Officer effective the same day.
The massive 55.93 crore share issuance at a low price of ₹9.19 represents significant equity dilution for existing shareholders, though it is non-cash and tied to an acquisition, so no cash leaves the company. Management reshuffling brings new tech and marketing leadership, which could be positive for execution. Shareholders should watch for the postal ballot outcome and clarity on the underlying acquisition target.