Le Travenues Technology Ltd has confirmed that the regulatory requirement to declare promoter encumbrances is not applicable for the financial year ended March 31, 2026, as the entity does not have an identifiable promoter. This disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates promoters to declare yearly that they have not created any encumbrance. The absence of an identifiable promoter means this specific obligation does not bind the company.

The company referenced Regulation 2(1)(s) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, read with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act 2013, to establish its position. According to these norms, le travenues technology (ixigo) does not fall within the definition of having a promoter. Therefore, the stipulation regarding the declaration of non-encumbrance by promoters is not relevant to its corporate structure for the specified period.

Regulatory Compliance Details

The communication addressed the listing departments of the National Stock Exchange of India Limited and BSE Limited. The submission clarified that while the regulation requires promoters to confirm the absence of new encumbrances, this condition is contingent upon the existence of a promoter group. Since the company lacks such identifiable entities, the provision is rendered inapplicable.

The filing was signed by Suresh Kumar Bhutani, Group General Counsel, Company Secretary & Compliance Officer, on April 07, 2026. The document serves as a formal intimation to the stock exchanges regarding the company's compliance status concerning promoter-related disclosures for the financial year ended March 31, 2026.

[Le Travenues Technology](le travenues technology) Limited has acquired a 54.66% stake in Brevistay Hospitality Private Limited for a total consideration of ₹65.69 crore, strengthening its position in the online hotel booking market. The transaction, approved by the board on June 05, 2026, involves a combination of secondary and primary share purchases and will make Brevistay a subsidiary of the company. This strategic move is designed to accelerate Le Travenues Technology's hotel supply expansion by combining Brevistay's direct hotel relationships and contracting expertise with its own AI-powered technology platform and large travel user base.

Following the acquisition, the combined hotel network will comprise over 10,000 directly contracted hotels across India. This integration aims to serve a wider range of traveller needs, including transit, business, and leisure stays, while providing hotel partners with access to incremental demand and technology-led growth opportunities. The company has also secured the right to purchase the remaining stake in Brevistay in the future, subject to the fulfilment of certain conditions.

Strategic Synergies and Rationale

The acquisition aligns with Le Travenues Technology's strategy to focus on direct supply acquisition and enhance customer experience in the hotels business. Brevistay, founded in 2016, is a leading flexible-stay hotel booking platform that has grown at a revenue CAGR of over 50% in recent years while achieving profitability without institutional capital. The company brings expertise in flexible-stay inventory, deep understanding of hospitality market preferences, and strong relationships with hotel partners across Tier 1, Tier 2, and Tier 3 markets.

Key synergies expected from the transaction include accelerating growth in hotel inventory, expanding accommodation choices across various travel use cases, and unlocking cross-sell opportunities across Le Travenues Technology's rail, flight, bus, and hotel users. The company believes that leveraging its technology and AI capabilities will improve discovery, conversion, and customer experience for these properties.

Financial Overview of Brevistay

The following table summarizes the financial turnover for Brevistay Hospitality Private Limited for the financial years 2024 through 2026:

Unaudited figures.

Transaction Details

The acquisition is subject to the completion of conditions precedent and the authorization of definitive agreements. Le Travenues Technology stated that the transaction does not fall within the purview of related party transactions and no governmental or regulatory approvals are required. The funding for the acquisition will be through cash consideration. The Brevistay founding team, including Prateek, Shubham, and Nikhil, will continue with the company post-acquisition to help achieve the objectives in the hotel vertical.