Le Travenues Technology secures significant investment, amends articles

Le Travenues Technology Limited, operating under the brand ixigo, announced the successful completion of its Extraordinary General Meeting (EGM) held on Saturday, November 1, 2025. Shareholders approved the issuance of 46,270,092 equity shares at ₹280 per share. This preferential issue, totaling ₹12,955,625,760, represents 10.10% of the post-issue paid-up equity share capital on a fully-diluted basis and is made to MIH Investments One B.V. The investor's shareholding will increase from 5.05% to 14.64% on a fully-diluted basis.

The EGM also approved amendments to the company's articles of association. These changes incorporate provisions from a Share Subscription Agreement dated October 10, 2025, granting MIH Investments One B.V. the right to appoint one "Investor Director" to the Board, subject to maintaining a 10% equity stake on a fully-diluted basis. Additionally, amendments include the deletion of references to "Part A" and specific third paragraphs within "Section I - APPLICABILITY OF TABLE F" of the Articles.

All three resolutions presented at the EGM were passed as Special Resolutions with overwhelming shareholder approval. The EGM, conducted via video conferencing, saw 67 public shareholders in attendance. Remote e-voting and e-voting at the EGM were scrutinized by Suryakant Gupta, practicing company secretary.