Mach Travel Solutions Limited's promoter Amit Bhatia has increased his shareholding to 66.85% through an open market acquisition of 4,23,600 shares. The transaction, executed on June 12, 2026, strengthens the promoters' control over the company as the total voting capital remains unchanged at Rs. 21,03,71,000.

The disclosure was submitted to BSE Limited on June 15, 2026, by Amit Bhatia on behalf of the persons acting in concert (PAC). The acquisition was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Breakdown of Holdings

Prior to the acquisition, the promoter group held 1,36,39,400 shares, accounting for 64.84% of the total share capital. Following the purchase of 4,23,600 shares, the total holding rose to 1,40,63,000 shares. The percentage of shares held under encumbrance remained at zero, while the diluted share capital also stayed constant at Rs. 21,03,71,000.

Acquisition Details

The filing confirms that all shares acquired carried voting rights and were purchased through the open market mechanism. No warrants or convertible securities were involved in this transaction. The mode of acquisition was the open market, and the equity share capital of the target company before and after the acquisition remains Rs. 21,03,71,000.

Mach Travel Solutions Limited has been empanelled by Indian Railway Catering and Tourism Corporation Limited (IRCTC) as a Service Provider for Service Management under Category “A” Tourist Packages. This strategic development enables the company to participate in providing backend travel and tourism services across a broad range of IRCTC-operated products, thereby strengthening its position in the institutional travel segment.

The empanelment, announced on June 15, 2026, allows Mach Conferences & Events to offer services for Swadesh Darshan, State Special Train tours, Charter Coach and Saloon Car Packages, Charter Train Tours, Customized Tour Packages, Rail Tour Packages and Holiday Packages. The scope of work includes accommodation arrangements, transportation management, catering coordination, tour guide and escort services, customer support, and destination logistics.

Amit Bhatia, Chairman & Managing Director of Mach Travel Solutions Limited, highlighted the significance of this development. He stated that the empanelment reflects the capabilities the company has developed in travel planning, destination management, and large-scale execution. Over the past year, the company has expanded its workforce five-fold to over 360 employees as of May 2026 to support its growing presence across multiple travel segments.

The company is actively strengthening its Government & Institutional Projects vertical and views this empanelment as an important step in that journey. Management believes that its experience in managing complex travel requirements, combined with an expanding operational footprint across India, will support its participation in tourism and travel opportunities across multiple customer segments.

Mach Travel Solutions Limited provides end-to-end solutions across corporate travel, MICE, holidays, B2B travel services, government and institutional projects, spiritual tourism, inbound tourism and technology-enabled travel management solutions. With over two decades of experience, the company has established capabilities in managing large-scale travel programmes, conferences, events and institutional mandates across India and international markets.