Le Travenues Technology Ltd

AGM details

• AGM held on 30 Sep 2026 at 02:00 PM IST via VC/OAVM.
• 68 members attended virtually; proxies not applicable.
• Quorum satisfied throughout the meeting.
• Meeting lasted 1 hour 28 minutes.
• Remote e-voting conducted 25–29 Sep 2026.

Resolutions

• Adoption of standalone and consolidated financial statements — ordinary.
• Director re-appointment after rotation.
• Increase in authorised share capital and alteration to capital clause — ordinary.
• Borrowing limits enhanced under Section 180(1)(c) — special.
• Creation of security on assets for borrowings under Section 180(1)(a) — special.
• Loans/investments/guarantees/securities exceeding Section 186 limits — special.

Voting status

• Combined voting results will be announced within two working days.

Regulatory Action

• GST Show Cause Notice dated 29 Sep 2026 received from Karnataka tax authorities.
• SCN alleges incorrect GST treatment; passenger transport taxed at 5% vs 18% for other services.
• FY2022-23 proposed demand ₹237.95m (tax ₹137.54m, interest ₹86.65m, penalty ₹13.75m).
• Company to contest with tax advisors; will submit a comprehensive reply.
• Similar SCN for FY2021-22 was dropped after submissions.

Company Response

• Company asserts services qualify for 5% CGST on passenger transport.
• Will submit comprehensive reply within prescribed timelines.
• A prior FY2021-22 SCN (~₹3.05 crore) was dropped after submissions.
• Annexure A contains detailed particulars of the SCN.

Le Travenues Technology Limited — Trading Window closed from Sep 30, 2026; reopen after 48 hours of results submission for quarter/half-year ended Sep 30, 2026 (on or before Nov 14, 2026).

Meeting Details

• Date and time: Monday, September 21, 2026, 10:00 A.M. (HKT)
• Type/Mode: Group meeting, in-person in Hong Kong
• Organizer: BofA Asia Pacific Conference 2026

Participants

• Company officials attending; roles include Group General Counsel, Company Secretary & Compliance Officer

Purpose

• Purpose: investor/analyst conference for investor interaction

Additional Notes

• Conference schedule subject to change
• Discussions to reference publicly available information; no unpublished price sensitive info
• Announcement available on the company's website

Meeting Details

• Date: Friday, September 18, 2026, 10:00 IST.
• Type/venue: group meeting at Gurugram (in-person).
• Organizer: Jefferies India Forum.
• Participants: company officials (roles; no personal names).
• Purpose: investor interaction under Analyst/Investor Meeting schedule.
• Notes: schedule subject to change; no unpublished information shared.
• Recordings/presentations: may be made available.

Subject and scope

• Standalone BRSR for FY2025-26 filed; available on the investor website.

Financial and business metrics

• Turnover FY2025-26: INR 12,075.07 million; net worth INR 19,829.18 million.
• Exports share of turnover: 0.83%.
• Main revenue mix: ticketing 91.32%; advertising 5.91%; other 2.77%.

Regulatory and governance matters

• GST/ITC dispute: total demand INR 9.98 million; appeals filed.
• Karnataka case: demand INR 2.529 million; appeal filed.
• Anti-bribery policy in place; privacy policy on website; no external assurance.

Group structure and ESG governance

• Group structure includes Ixigo Europe 100% subsidiary; IXIGO PTE Ltd 100%; Zoop 62% subsidiary.

Data privacy and assurances

• No external ESG assurance; privacy policy available on site; no data breaches in FY2025-26.

Financial performance highlights

• Revenue from operations (consolidated) FY26: 12,280.39 INR million.
• PAT (consolidated) FY26: 714.81 INR million.
• GTV FY26: INR 186,927 million; YoY +25%.
• Operating cash flow (consolidated): 1,957.32 INR million.
• Undrawn borrowing facilities: 703.84 INR million.
• Equity share capital: INR 438.18 crore.

Strategic investments & acquisitions

• Prosus MIH invested INR 12,955.63 million for 10.1% stake (fully diluted).
• Trenes: 60% stake acquired for INR 1,224.34 million plus INR 31.37 non-compete.
• Sqaas: 45.02% stake acquired; accounted as associate.
• Preferential issue: gross proceeds INR 12,955.63 million; utilisation: organic growth, inorganic, working capital.