Easy Trip Planners Board Approves "514 Crore Preferential Issue and Announces Key Leadership Changes
Easy Trip Planners' board approved a 514 crore preferential issue. The company appointed Sankalp Kaul as CTO and Manmeet Ahluwalia as CMO, effective Nov 6, 2025, and Nov 4, 2025, respectively. Naimish Sinha resigned as CTO.
The preferential issue of over 514 crore will significantly impact the company's capital structure and future expansion capabilities. The changes in key management positions, particularly CTO and CMO, are critical for the company's technological advancement, market strategy, and overall business performance.
The announcement includes a significant equity fundraising through a preferential issue, which provides capital for growth. Additionally, the appointment of experienced professionals to key leadership roles (CTO, CMO) is a positive step for strategic direction and operational efficiency.
* The Board of Directors of Easy Trip Planners Limited, in its meeting held on November 4, 2025, approved the issuance of 55,93,75,249 fully paid-up equity shares of 1 each on a preferential basis. * These shares will be issued at a price of 9.19 per equity share, aggregating to 514,06,70,000 (five hundred fourteen crore six lakh seventy thousand). This issuance is subject to approvals from relevant regulatory/statutory authorities and the company's members. * The Board also approved the Notice of Postal Ballot to be issued to the members of the Company seeking their approval for the aforesaid preferential issue. * Mr. Sankalp Kaul has been appointed as the Chief Technology Officer (CTO) of the Company, effective from November 6, 2025, replacing Mr. Naimish Sinha. Mr. Kaul brings over 18 years of experience in driving digital transformation across the travel and technology sectors. * Mr. Manmeet Ahluwalia has been appointed as the Chief Marketing Officer (CMO) of the Company, effective from November 4, 2025. He has over 20 years of experience in building brands, scaling digital performance, and driving full-funnel growth. * Mr. Naimish Sinha has resigned from the position of Chief Technology Officer, effective from November 6, 2025, due to personal reasons.
What to do with a filing like this
Easy Trip Planners Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Easy Trip Planners Limited. Read the original for the full detail.