Le Travenues Technology (ixigo) 's bus business unit AbhiBus has announced a strategic partnership with Fleetx, an AI-driven fleet intelligence platform, to deploy advanced video telematics and driver safety solutions across its extensive bus operator network. The collaboration, announced on March 26, 2026, represents a significant advancement in passenger safety technology for India's bus transportation sector.

Partnership Overview and Technology Integration

The partnership enables AbhiBus to leverage Fleetx's AI-powered technology to strengthen passenger safety, improve operational visibility, and enhance driver accountability across its network. The integration provides comprehensive monitoring capabilities through multiple technological components.

Leadership Perspectives on Safety Innovation

Rohit Sharma, COO of AbhiBus, emphasized the partnership's focus on proactive safety measures. "Passenger safety has always been central to what we do at AbhiBus, but real-time visibility and driver accountability have remained persistent gaps across the industry. With Fleetx's AI-powered video telematics, we now have the intelligence to move from reactive to proactive - detecting risks before they escalate, and ensuring every bus on our network meets the highest safety standards."

Vineet Sharma, Co-founder & CEO of Fleetx, highlighted the technological advancement in fleet operations. "Fleet operations have often relied on fragmented systems and reactive safety measures. Our AI-powered video telematics enables real-time monitoring and proactive driver interventions. Together with AbhiBus and ixigo, we aim to set new benchmarks for safer and more transparent fleet operations at scale."

AbhiBus Platform and Network Scale

AbhiBus operates as a leading online bus-ticketing platform with significant market presence across India. The platform aggregates ticket inventory from over 6,200 bus operators, including major State Road Transport Corporations (SRTC), covering more than 6.5 lakh routes across the country.

The platform offers comprehensive features including Bus Insights, 360-degree Bus View, Pink Seat options, real-time tracking, and fare comparison tools to empower users in making informed travel decisions.

Fleetx Technology and Market Position

Founded in 2017, Fleetx has established itself as a leading AI-powered fleet and logistics optimization platform in India. The company leverages AI, IoT, and real-time data to help businesses digitize and streamline their physical operations.

The company's technology focuses on real-time incident detection, driver behavior monitoring, and in-cabin safety visibility, making it one of the most advanced solutions in the transportation and logistics industry.

Strategic Impact on Transportation Safety

This partnership represents AbhiBus's continued commitment to technology-led safety solutions and trusted operator partnerships. The integration of AI-powered video telematics is designed to create a more reliable and safer travel ecosystem for passengers across India's extensive bus network. The collaboration aims to establish new industry benchmarks for fleet safety and operational transparency through proactive monitoring and intervention capabilities.

Le Travenues Technology (ixigo) has received an Income Tax Assessment Order for Assessment Year 2024-25, with the tax department demanding ₹45,49,685 on disallowed expenses. The travel technology company disclosed this development through a regulatory filing under SEBI Listing Regulations on March 25, 2026.

Assessment Order Details

The Income Tax Department issued the Assessment Order dated March 24, 2026, under Section 143(3) read with Section 144B of the Income Tax Act, 1961. The order pertains to Assessment Year 2024-25, covering Financial Year 2023-24.

Financial Implications

The assessment proceedings resulted in specific financial demands against the company. During the usual assessment process, the Assessing Officer issued notices under Section 133(6) of the Income Tax Act to third parties for independent verification of claimed expenses.

The complications arose when one party failed to respond to the Assessing Officer's notice, while another provided an incomplete response. Consequently, the Assessing Officer disallowed expenses worth ₹1,01,50,336 and demanded tax of ₹45,49,685 on this amount.

Calculation Discrepancies

The company has identified what it considers significant errors in the Assessment Order. The Assessing Officer included ₹7,52,05,398 pertaining to tax on Buy Back of Shares under Section 115QA in the Demand Notice. However, this amount has already been paid and is properly captured in the computation sheet shared along with the Demand Notice.

Despite having complete facts on record, this amount appears to have been erroneously included in the Demand Notice even though it was already paid.

Company's Response Strategy

Le Travenues Technology believes it has a strong case on merits and plans to contest the Assessment Order. The company expects nil financial implications except for legal and other expenses to be incurred in contesting the matter.

Planned Actions:

• File requisite appeal with appropriate authorities within prescribed timeframe
• Contest the Assessment Order based on identified calculation errors
• Challenge the inclusion of already-paid Buy Back tax amount

Penalty Proceedings

The Demand Notice references penalty proceedings under Section 270A and Section 271AAC(1) of the Income Tax Act 1961. The company maintains its position that it has a strong case on merits and will file the requisite appeal within the prescribed time to contest these proceedings as well.

The disclosure was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency with stakeholders regarding this regulatory development.