Rategain Travel Technologies Limited has informed the Exchange regarding Change in Auditors of the company.
RATEGAIN · price
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Awaiting price reaction for this filing.
RateGain Travel Technologies' board met on August 7, 2025 and approved its Q1 FY26 (quarter ended June 30, 2025) financial results. On a consolidated basis, revenue from operations rose about 5% year-on-year to ₹2,729.15 million, but profit after tax fell to ₹469.32 million from ₹548.07 million in the previous quarter, with EPS at ₹3.98 (vs ₹4.65). The company also appointed RMG & Associates, Company Secretaries, as the new Secretarial Auditor for a 5-year term (FY26 to FY30). Independent Director Mr. EC RajaKumar Konduru resigned citing pre-occupation and personal commitments, and Mr. Aakrit Ajay Kumar Vaish (ex-co-founder of Haptik) was appointed as a new Independent Director for 5 years. The 100% unutilized QIP proceeds of ₹6,000 million raised in December 2023 remain parked in deposits.
Mixed quarter for shareholders – top-line growth continued, but profit and margins dipped quarter-on-quarter. The board changes appear routine with no governance red flags, and the appointment of a high-profile tech/AI background director may be viewed positively by investors.