Easy Trip Planners Limited , a prominent player in the travel industry, has made a strategic move into the eco-friendly hospitality sector. The company's Board of Directors has approved participation in the rights issue of Eco Hotels and Resorts Limited, marking a significant step towards diversifying its portfolio.

Investment Details

Easy Trip Planners will subscribe to 10 lakh equity shares of Eco Hotels at ₹15.20 per share, totaling an investment of ₹15.20 crore. This investment will be made through cash payment in tranches, as per the company's disclosure to the stock exchanges.

Stake Acquisition and Strategic Intent

Upon completion of the transaction, Easy Trip Planners will hold a 7.77% stake in Eco Hotels and Resorts Limited. This move aligns with the company's vision to invest in eco-friendly and green hotels, potentially expanding its footprint in the sustainable tourism sector.

About Eco Hotels and Resorts Limited

Eco Hotels and Resorts Limited, incorporated on July 2, 1987, operates in the hotels and hospitality industry. The company has shown significant growth in recent years:

This rapid increase in turnover suggests a growing market presence and potential for further expansion in the eco-friendly hospitality sector.

Related Party Transaction

The investment constitutes a related party transaction due to the presence of an Independent Director of Easy Trip Planners on the board of Eco Hotels. However, the company has assured that the transaction was conducted on an arm's length basis, maintaining transparency and fairness.

Regulatory Compliance

The investment decision was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Easy Trip Planners has duly informed the BSE Ltd. and the National Stock Exchange of India Limited about this strategic move.

This investment by Easy Trip Planners in Eco Hotels and Resorts Limited represents a significant step towards diversification and aligns with the growing trend of sustainable and eco-friendly tourism. As the hospitality industry continues to evolve, this strategic partnership could potentially yield long-term benefits for both companies involved.

Easy Trip Planners , operating under the brand EaseMyTrip, has announced significant changes to its leadership structure, effective August 29, 2025, subject to shareholder approval.

Leadership Changes

• Nishant Pitti, a founder and long-serving board member since 2008, has been appointed as the new Chairman and Managing Director (CMD).
• Prashant Pitti has stepped down from his position as Managing Director with immediate effect.
• Vikas Bansal has been appointed as a Whole-time Director.

Nishant Pitti's New Role

In his expanded role as Chairman cum Managing Director, Nishant Pitti will:

• Guide the company's long-term vision
• Focus on innovation, expansion, and stakeholder value creation
• Lead EaseMyTrip's evolution beyond travel into a diversified ecosystem of businesses and services

Commenting on his new position, Nishant Pitti stated, "Stepping into the role of Chairman cum Managing Director (CMD) gives me an opportunity to work even more closely with our people to unlock new opportunities, scale new heights, and continue building a travel-tech brand that India can be proud of."

Prashant Pitti's Future Plans

Prashant Pitti, in his resignation letter, expressed his intention to:

• Dedicate more time to mentoring young startups
• Pursue new business ventures
• Work on urban traffic solutions and other public-good initiatives

He assured stakeholders that he will continue to remain a promoter and committed long-term shareholder of EaseMyTrip.

Promoters' Commitment

The company reiterated two key points regarding the promoters:

1. No further promoter shares will be sold
2. All promoters will continue to draw zero salary

This decision underscores their strong alignment with shareholders' interests and confidence in EaseMyTrip's long-term growth prospects.

Additional Board Decisions

The Board of Directors also approved:

1. Appointment of M/s SMD & CO as the Secretarial Auditor for two consecutive years
2. Amendment in the object clause of the Memorandum of Association
3. Notice of the 17th Annual General Meeting along with the Board Report

Market Response

Following the announcement, EaseMyTrip shares traded 1.42% lower at ₹8.36 on the stock exchange.

Easy Trip Planners, founded in 2008, has established itself as one of India's leading online travel-tech platforms. The company offers end-to-end travel solutions including flights, hotels, holiday packages, and various other travel services. With a strong presence in India and expanding international operations, EaseMyTrip continues to focus on growth and innovation in the travel-tech sector.