Easy Trip Planners allots 34.7 crore shares for ₹319.6 crore

Easy Trip Planners Limited has approved the preferential allotment of 34,77,98,677 fully paid-up equity shares to four non-promoter entities for a total consideration of ₹319,62,80,000. The Board of Directors also mutually terminated the Share Purchase Agreement (SPA) executed with AB Finance Private Limited and its selling shareholders in November 2025, stating there is no impact on the company from this decision.

Preferential Allotment Details

The allotment was approved during a board meeting held on May 26, 2026. The shares, with a face value of INR 1 each, were issued to Mr. Divyank Singhal, Levo Beauty Private Limited, SSL Nirvana Grand Golf Developers Private Limited, and Javaphile Hospitality Private Limited. The entire consideration of ₹319,62,80,000 was received through non-cash transactions.

Name of the Allottee	Category	Number of Equity Shares	Consideration (INR)
Mr. Divyank Singhal	Non-Promoter Individual	19,04,24,360	175,00,00,000 (non-cash)
Levo Beauty Private Limited	Non-Promoter Company	2,66,59,411	24,50,00,000 (non-cash)
SSL Nirvana Grand Golf Developers Private Limited	Non-Promoter Company	10,93,87,377	100,52,80,000 (non-cash)
Javaphile Hospitality Private Limited	Non-Promoter Company	2,13,27,529	19,60,00,000 (non-cash)
Total		34,77,98,677	319,62,80,000

Termination of Share Purchase Agreement

The Board approved the mutual termination of the SPA originally executed on November 4, 2025, between the company, AB Finance Private Limited, Dhankalash Distributors Private Limited, Mr. Sunil Jain, and Mr. Ashish Begwani. The parties mutually decided to withdraw from the transaction. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the relevant SEBI Master Circular dated January 30, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+17.46%	+12.59%	-1.13%	+0.90%	-28.39%	-33.36%

Easy Trip Planners has informed the stock exchanges that its Board of Directors, at its meeting held on Wednesday, May 13, 2026, approved the issuance of equity shares on a rights basis for an amount not exceeding ₹5,000.00 million. This development follows the adjournment of the fund-raising proposal at the earlier board meeting held on Monday, May 11, 2026, where the matter was deferred for further deliberation. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Outcome — May 13, 2026

The Board of Directors meeting on May 13, 2026, commenced at 5:00 P.M. subsequent to extended deliberations of the Audit Committee and concluded at 5:17 P.M. The board approved the Rights Issue and also approved the Draft Letter of Offer (DLOF) to be filed with the Securities and Exchange Board of India (SEBI) and the stock exchanges in connection with the Rights Issue. Additionally, the board approved the appointment of necessary intermediaries for the Rights Issue. The company has stated that the Record Date will be separately intimated upon finalization.

Key details of the board meeting outcome are summarised below:

Parameter:	Details
Board Meeting Date:	Wednesday, May 13, 2026
Meeting Commencement:	5:00 P.M.
Meeting Conclusion:	5:17 P.M.
Outcome:	Rights Issue approved
Issue Size:	Not exceeding ₹5,000.00 million
Security Type:	Fully paid-up equity shares of face value ₹1/- each
Filing Regulation:	Regulation 30, SEBI LODR Regulations, 2015

Rights Issue Details

As disclosed under Regulation 30 read with Schedule III of the SEBI Listing Regulations and the SEBI Master Circular dated January 30, 2026, the following details have been provided regarding the proposed Rights Issue:

Sr. No.	Parameter:	Details
1.	Type of Securities:	Fully paid-up equity shares of face value ₹1/- each
2.	Type of Issuance:	Rights Issue to eligible equity shareholders as on the record date
3.	Total Issue Size:	Not exceeding ₹5,000.00 million
4.	Cancellation/Termination:	NA

The number of securities proposed to be issued and the issue price shall be determined after finalization of the terms of the Rights Issue by the Board of Directors as recommended by the Rights Issue Committee.

Prior Board Meeting and Adjournment

At the earlier board meeting held on May 11, 2026, which commenced at 6:00 P.M. and concluded at 6:45 P.M., the Board had adjourned the consideration and approval of the fund-raising proposal. The fund-raising routes that had been under consideration included a rights issue, qualified institutions placement (QIP), preferential issue, or any other permissible mode, all subject to receipt of necessary regulatory and statutory approvals. Following the adjournment, the board had convened the subsequent meeting on May 13, 2026, at which the Rights Issue was formally approved.

Regulatory Compliance and Disclosure

The outcome of the board meeting was communicated by Priyanka Tiwari, Group Company Secretary and Chief Compliance Officer (Membership No.: A50412), on behalf of Easy Trip Planners. The company has stated that the aforesaid information will also be hosted on its website at www.easemytrip.com . Easy Trip Planners is registered at Building No. 223, Patparganj Industrial Area, New Delhi – 110092, and operates in the online travel services sector.