Le Travenues Technology (IXIGO) , the company behind the popular travel platform ixigo, held a significant Extraordinary General Meeting (EGM) on November 1, 2025. The meeting, conducted through video conferencing, saw shareholders approve three special resolutions that could shape the company's future trajectory.

Key Resolutions Passed

The EGM, chaired by Aloke Bajpai, Chairman, Managing Director & Group CEO, addressed three critical matters:

1. Preferential Share Allotment: Shareholders approved the offer, issuance, and allotment of equity shares on a private placement/preferential basis.

2. Articles of Association Amendment: The meeting sanctioned amendments to the company's Articles of Association, including granting special rights to an identified shareholder as per SEBI Listing Regulations.

3. Further Articles of Association Modification: Approval was given for additional amendments to the Articles of Association, specifically deleting references to "Part A" and "Part B" in Section I - Applicability of Table F.

Voting Results

The resolutions received overwhelming support from shareholders, as evidenced by the voting results:

Meeting Proceedings

The EGM, which commenced at 2:00 PM IST and concluded at 3:02 PM IST, was attended by 67 members virtually. Key company officials present included Aloke Bajpai, Rajnish Kumar (Director & Group Co-CEO), and several independent directors.

Suresh Kumar Bhutani, Group General Counsel, Company Secretary & Compliance Officer, oversaw the proceedings and addressed shareholder queries along with the Chairman and Group CFO Saurabh Devendra Singh.

Implications and Next Steps

The approval of these resolutions, particularly the preferential share allotment and amendments to the Articles of Association, may signal significant strategic moves for Le Travenues Technology Limited. These changes could potentially impact the company's capital structure and governance framework.

Investors and market watchers will be keen to see how these developments influence ixigo's growth strategy and market position in the competitive travel technology sector.

The company stated that the detailed voting results and scrutinizer's report would be submitted within two working days of the EGM's conclusion, as per regulatory requirements.

Le Travenues Technology Limited trades on the National Stock Exchange under the symbol IXIGO and on the BSE with the scrip code 544192.

Le Travenues Technology (IXIGO) , India's leading AI-based travel platform, has announced robust financial results for Q2 FY26, demonstrating resilient growth across its business segments despite facing some capacity headwinds in the travel market.

Key Financial Highlights

• Gross Transaction Value (GTV) reached ₹4,347.50 crore, growing 23% year-over-year (YoY)
• Revenue from operations increased by 37% YoY to ₹282.70 crore
• Adjusted EBITDA rose 36% YoY to ₹28.50 crore
• H1 FY26 cash flow from operations grew 30% YoY to ₹91.50 crore

Segment Performance

ixigo reported strong growth across its key business segments:

The company's flight segment revenue reached ₹89.40 crore, while bus segment revenue grew to ₹65.40 crore in Q2 FY26.

Financial Position and Profitability

The company's contribution margin increased by 20% YoY to ₹109.60 crore. Profit Before Tax, excluding share of loss of associates and exceptional items, stood at ₹(2.50) crore for Q2 FY26. However, this figure includes a one-off non-cash ESOP expense of ₹26.90 crore. Excluding this one-time expense, the adjusted profit before tax would be ₹24.40 crore, representing a 26% YoY increase.

Management Commentary

Aloke Bajpai, Group CEO of ixigo, commented on the results: "Despite Q2 facing some capacity headwinds, ixigo continued its resilient momentum and grew faster than the overall market YoY in all lines of business, with buses and flights leading the growth and trains maintaining our OTA market leadership."

Recent Developments

ixigo has made several strategic moves to enhance its service offerings:

1. Partnered with DMRC and ONDC to introduce QR-based Delhi Metro ticketing on ixigo Trains & ConfirmTkt apps.
2. Expanded bus network by onboarding 7 new State Road Transport Corporations (SRTCs), now aggregating 17 major state transport corporations.
3. Introduced AI Smart Filters for flights on desktop, improving user experience.
4. Enhanced Train Alternates feature with improved suggestions for travel options.
5. Implemented Aadhaar-based IRCTC authentication, processing over 10,000 verifications daily.

Market Position and Future Outlook

ixigo's strong performance across segments, particularly in flights and buses, indicates its ability to capture market share and adapt to changing market conditions. The company's focus on AI-driven innovations and strategic partnerships positions it well for continued growth in the Indian travel market.

The recent announcement of a proposed preferential allotment of up to 46,270,092 equity shares at ₹280.00 per share to MIH Investments One B.V., aggregating to ₹1,295.56 crore, subject to shareholder approval, is expected to further strengthen ixigo's balance sheet and support its long-term growth strategies.

As the travel industry continues to recover and evolve, ixigo's multi-modal approach and focus on next billion users appear to be paying off, setting the stage for potential further expansion and market leadership in the coming quarters.