Le Travenues Technology has received a disclosure from Coronation Fund Managers Limited regarding the acquisition of additional shares under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a strategic increase in the fund manager's position in the travel technology company.

Transaction Details

Coronation Fund Managers Limited, acting as discretionary fund manager of funds and segregated accounts, acquired 475,000 shares of Le Travenues Technology Limited through open market transactions. The acquisition was completed on 30 March 2026.

Shareholding Changes

The acquisition resulted in a notable increase in Coronation's stake in the company. Prior to this transaction, the fund manager held 30,235,261 shares, representing 6.90% of the total share capital and 6.61% of the diluted share capital.

Company Capital Structure

Le Travenues Technology Limited's equity share capital remained unchanged at 438,183,527 shares following this transaction. The company's total diluted share capital, which includes outstanding convertible securities and warrants, stands at 457,545,806 shares.

Regulatory Compliance

Coronation Fund Managers Limited is not part of the promoter or promoter group of Le Travenues Technology Limited. The disclosure was made in compliance with SEBI regulations governing substantial acquisitions of shares and takeovers. The company's shares are listed on both the National Stock Exchange of India and BSE Limited.

The disclosure was signed by Aileen Crean, Compliance Officer of Coronation Global Fund Managers (Ireland) Limited, from Cape Town, South Africa on 1 April 2026. The fund manager operates as a UCITS Management Company authorized by the Central Bank of Ireland.

Le Travenues Technology Limited has received a significant GST demand order from tax authorities, marking a regulatory challenge for the travel technology company. The order, received on March 26, 2026, pertains to alleged excess availment of Input Tax Credit during FY 2019-20.

GST Demand Details

The Deputy Commissioner of State Tax (SGST) Gurugram (East), Government of Haryana, issued an order under Section 74 of CGST/SGST Act, 2017 read with Section 20 of IGST Act, 2017. The demand breakdown is as follows:

The order alleges excess availment of Input Tax Credit (ITC) for the financial year 2019-20, with the penalty component matching the tax amount demanded.

Company's Response and Action Plan

Le Travenues Technology Limited has expressed confidence in its position regarding the matter. The company believes it has a strong case based on merit and has outlined its response strategy:

• Filing a requisite appeal with appropriate authorities within the prescribed timeframe
• Contesting the order through proper legal channels
• Maintaining that the financial implications are expected to be nil, except for legal and other expenses incurred in contesting the matter

Regulatory Background

This development follows a previous show cause notice dated September 28, 2025, which the company had disclosed in October 2025. The current order represents the culmination of the tax authorities' examination of the company's Input Tax Credit claims for FY 2019-20.

Financial Impact Assessment

According to the company's disclosure, the expected financial implications are minimal beyond legal costs. Le Travenues Technology maintains that it has a strong case on merits, suggesting confidence in successfully contesting the demand through the appellate process.

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency with stakeholders regarding this regulatory matter.