Le Travenues Technology Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Le Travenues Technology Limited (which runs ixigo) has filed its annual disclosure under Regulation 31(4) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations for the financial year ended March 31, 2025. The regulation normally requires promoters to declare yearly that they have not created any new encumbrances on their shares. However, the company has clarified that it does not have an identifiable promoter under SEBI's takeover and capital disclosure rules read with the Companies Act 2013. Therefore, the promoter encumbrance declaration requirement is not applicable to the company. The letter has been signed by Suresh Kumar Bhutani, Group General Counsel and Compliance Officer, and submitted to both BSE and NSE.
This is a routine, largely procedural compliance filing with no material impact on shareholders or the stock. The only noteworthy point is that the company confirms it has no identifiable promoter, which is already a known feature of ixigo's ownership structure.