Rategain Travel Technologies Limited has informed the Exchange regarding Cessation of EC RajaKumar Konduru as Non- Executive Independent Director of the company w.e.f. August 07, 2025.
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RateGain Travel Technologies' board, at its August 7, 2025 meeting, approved Q1 FY26 (quarter ended June 30, 2025) financial results and several governance changes. On a consolidated basis, revenue from operations grew to ₹2,729.15 million from ₹2,600.13 million in Q1 FY25, while net profit rose to ₹469.32 million from ₹453.75 million year-on-year, though it declined from ₹548.07 million in Q4 FY25; EPS stood at ₹3.98 (basic and diluted). Mr. EC RajaKumar Konduru resigned as Non-Executive Independent Director citing pre-occupation and personal commitments, effective August 7, 2025, and was replaced by Mr. Aakrit Ajay Kumar Vaish (former Haptik CEO, AI/tech entrepreneur) for a 5-year term from August 8, 2025. The board also appointed RMG & Associates as Secretarial Auditor for 5 years (FY26–FY30), subject to shareholder approval. QIP proceeds of ₹6,000 million raised in December 2023 remain 100% unutilized, parked in deposits. Audit, Stakeholders Relationship, and Risk Management Committees were reconstituted following the board changes.
The director change is governance-neutral as the resignation was for personal reasons (confirmed by the director) and an experienced AI/tech independent director is being brought in, potentially strengthening technology oversight. Investors will note the QoQ profit dip despite revenue growth, while the fully unutilized QIP proceeds signal that acquisition/inorganic growth plans are still pending — worth watching for capital deployment announcements.