Easy Trip Planners Promoter Nishant Pitti Pledges 6.86 Crore Shares with Motilal Oswal

Easy Trip Planners Limited has announced the creation of a pledge on 6,86,40,589 equity shares by promoter Mr. Nishant Pitti, as disclosed under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The pledge was created on March 24, 2026, in favor of Motilal Oswal Financial Services Limited for personal use by the promoter.

Pledge Details and Financial Impact

The pledged shares represent 1.89% of the company's total share capital, with each equity share having a face value of Re. 1/-. Following this transaction, Mr. Nishant Pitti's total encumbered shareholding has increased to 44,87,21,910 shares, representing 12.34% of the total share capital.

Parameter: Details Shares Pledged: 6,86,40,589 Percentage of Total Capital: 1.89% Pledge Date: March 24, 2026 Beneficiary: Motilal Oswal Financial Services Limited Purpose: Personal use by promoter

Promoter Shareholding Structure

The disclosure reveals the current shareholding pattern among the promoter group. Mr. Nishant Pitti holds 45,37,21,910 shares (12.48% of total share capital), while other promoters maintain significant stakes in the company.

Promoter Name: Total Shares % of Share Capital Encumbered Shares % Encumbered Mr. Nishant Pitti: 45,37,21,910 12.48% 44,87,21,910 12.34% Mr. Rikant Pittie: 91,72,80,352 25.22% - - Mr. Prashant Pitti: 36,46,54,240 10.03% - -

Regulatory Compliance and Risk Assessment

The company has confirmed that the encumbered shares represent 25.85% of total promoter shareholding, which remains below the 50% threshold. Additionally, the pledged shares constitute less than 20% of the total share capital, indicating compliance with regulatory guidelines.

The total promoter shareholding in Easy Trip Planners Limited stands at 1,73,56,56,502 shares, representing 47.72% of the company's total share capital. The pledge arrangement follows a 1:1 ratio between the value of shares and the amount involved in the encumbrance.

Transaction Structure

Motilal Oswal Financial Services Limited, the beneficiary of the pledge, is not classified as a scheduled commercial bank, public financial institution, NBFC, or housing finance company. The encumbrance does not relate to any debt instruments such as debentures, commercial papers, or certificates of deposit. The disclosure was made on April 07, 2026, ensuring compliance with SEBI regulations and maintaining transparency with stakeholders.

Easy Trip Planners Ltd has announced a significant expansion of its international operations by signing multiple strategic Memorandums of Understanding (MoUs) with prominent corporate and institutional partners in Brazil. The move marks the company's entry into the Latin American market as it seeks to strengthen its global presence in the corporate travel sector.

Strategic Corporate Partnerships in Brazil

The travel technology company has signed MoUs with six major Brazilian organizations to establish its presence in Latin America's largest economy. The strategic partnerships demonstrate Easy Trip Planners' commitment to diversifying its geographical footprint beyond its established markets.

Partner Organization: Sector Focus AGK Corretora de Câmbio: Financial Services Neo Sector: Corporate Solutions AMVALE: Municipal Association DATAGRO: Data Analytics X3 - Brazil: Technology Services Lummio Tecnologia: Technology Solutions

Market Expansion Strategy

Brazil represents one of the largest travel and tourism economies in Latin America, supported by strong domestic travel volumes, a diversified industrial base, and an expanding base of digitally engaged consumers. The increasing adoption of online booking platforms and structured travel procurement systems is accelerating demand for organized travel services in the region.

By aligning with corporate and institutional partners, Easy Trip Planners aims to broaden its engagement within Brazil's business ecosystem and tap into emerging opportunities in the corporate travel space. The company will work closely with its partners to better understand local market dynamics and support travel requirements through its technology-driven platform.

Leadership Perspective

Commenting on the development, Mr. Vikash Goyal, Chief Strategy Officer at Easy Trip Planners, stated: "Brazil holds strategic importance in our international growth roadmap. It is a market defined by scale, strong travel fundamentals, and increasing digital adoption. Through these corporate partnerships, we aim to engage closely with organizations in Brazil and support their travel needs through our platform while gradually expanding our presence in the market."

International Growth Focus

Easy Trip Planners remains focused on expanding its international footprint through strategic partnerships and market-focused collaborations. In Brazil, the company aims to deepen its engagement with corporates, strengthen brand visibility, and tap emerging opportunities in the Latin American travel market. The partnerships are expected to provide the company with local market expertise and established business networks necessary for successful operations in the Brazilian market.

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