Le Travenues Technology Limited (ixigo) announced its board meeting outcomes, including the approval of unaudited financial results for the quarter ended June 30, 2026. The company also approved the allotment of 40,888 equity shares upon exercise of employee stock options. Key strategic decisions included acquiring an additional 11% stake in Zoop Web Services Private Limited and further investment in its subsidiary IXIGO PTE. LTD. The board also approved alterations to the Memorandum of Association to increase authorized share capital.
Financial Results and Share Allotment
Le Travenues Technology Limited, operating under the brand ixigo, has announced that its Board of Directors, at a meeting held on August 06, 2026, approved the unaudited financial results (consolidated and standalone) for the quarter ended June 30, 2026. Along with the results, a limited review report with an unmodified opinion was also approved. The Board also sanctioned the allotment of 40,888 fully paid-up equity shares resulting from the exercise of stock options under various ESOS schemes. This allotment increased the company’s paid-up share capital from ₹441,044,262/- to ₹441,085,150/-.
Strategic Acquisitions and Investments
In a significant move, the company approved the acquisition of an additional 11% equity stake in its subsidiary, Zoop Web Services Private Limited. This acquisition aims to increase ixigo’s shareholding in Zoop from 62% to 73%, strengthening its position in the online food ordering and delivery sector for train passengers. Furthermore, ixigo approved a further investment in its wholly-owned subsidiary, IXIGO PTE. LTD., intended for strategic initiatives and onward deployment of funds into Squad As Service, S.L.
Capital Structure Alteration
The Board also resolved to alter the capital clause of the Memorandum of Association by increasing the authorized share capital. This increase is subject to member approval at the upcoming annual general meeting and is intended to provide sufficient flexibility for the company’s future capital requirements. The proposed authorized share capital will be ₹1,000,000,000/-, divided into 990,000,000 Equity Shares and 1,000,000 Preference Shares.
Trading Window Reopening
The trading window for dealing in the securities of the Company will reopen for certain designated persons and their immediate relatives effective August 09, 2026.
Source: BSE
