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.

Le Travenues Technology (ixigo) has announced the successful completion of its analyst/investor meeting held on March 26, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated the meeting outcome to both the National Stock Exchange of India Limited and BSE Limited on the same day.

Meeting Completion Details

The virtual meeting was conducted as previously scheduled with the designated participant from Panvira.

Key Compliance Confirmation

The company has provided an important confirmation regarding the meeting's conduct. Le Travenues Technology Limited explicitly stated that during the meeting with the analyst/investor, no Unpublished Price Sensitive Information was discussed. This confirmation ensures adherence to regulatory requirements and maintains transparency in investor communications.

Meeting Background

The meeting utilized existing investor presentation materials that were previously submitted to stock exchanges via letter number LTTL/L&S/2025-26/01/13 dated January 22, 2026. These presentation materials covered the company's financial results, both standalone and consolidated, for the quarter and nine months ended December 31, 2025.

Regulatory Documentation

The outcome announcement was digitally signed by Suresh Kumar Bhutani, Group General Counsel, Company Secretary & Compliance Officer, on March 26, 2026, at 16:59:53 +05'30'. The announcement is also available on the company's investor relations website at investors.ixigo.com, demonstrating the company's commitment to transparent investor communication and regulatory compliance.