NSEUpdates6 Aug 2026 · 6 Aug 2026, 11:39 pm
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Le Travenues Technology Limited · IXIGO
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Le Travenues Technology Limited has informed the Exchange regarding an optionally convertible loan by its wholly-owned subsidiary IXIGO PTE in Singapore to its associate Sqaas in Spain. The loan amount is €219,200, which may be converted into equity securities at a future date. The transaction does not constitute an acquisition of shares or voting rights in Sqaas under SEBI regulations.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Le Travenues Technology Limited has informed the Exchange regarding 'Optionally Convertible Loan by IXIGO PTE. LTD., Wholly Owned Subsidiary of Le Travenues Technology Limited ( IXIGO PTE ) in Singapore, to Squad As Service, S.L., an Associate of Le Travenues Technology Limited ( Sqaas ) in Spain'.
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IXIGO_06082026233850_Disclosure_IXIGO_PTE_LTD_.pdf
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August 06, 2026 LTTL/L&S/2026-27/08/09
The Listing Department, The Listing Department,
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Dalal Street,
Bandra (E), Mumbai - 400 051 Mumbai - 400 001
Maharashtra, India Maharashtra, India
Dear Sir/Madam,
Sub : Disclosure for Optionally Convertible Loan by IXIGO PTE. LTD., Wholly
Owned Subsidiary of Le Travenues Technology Limited (“IXIGO PTE”) in
Singapore, to Squad As Service, S.L., an Associate of Le Travenues
Technology Limited (“Sqaas”) in Spain
Ref : Le Travenues Technology Limited (ISIN: INE0HV901016)
NSE Symbol: IXIGO and BSE Scrip Code: 544192
The board of directors of Le Travenues Technology Limited (the “Company”) at its
meeting held on August 06, 2026, approved an investment of €219,200 in IXIGO PTE, by
way of subscription to 219,200 ordinary shares of €1 each.
Subsequently, the board of directors of IXIGO PTE on August 06, 2026, approved the
grant of an optionally convertible loan of €219,200 to Sqaas, in accordance with the
terms of the Convertible Loan Agreement entered into between IXIGO PTE and Sqaas,
subject to receipt of the requisite regulatory and corporate approvals.
Pursuant to the terms of the Convertible Loan Agreement, the optionally convertible loan
may be converted into equity securities of Sqaas at a future date. As on the date of this
disclosure, no conversion has taken place and no equity securities have been issued or
allotted. Accordingly, there has been no change in the existing shareholding or control of
Sqaas as a consequence of the proposed financial assistance.
Accordingly, the aforesaid transaction does not constitute an acquisition of shares or
voting rights in Sqaas under Clause 1 of Para A of Part A of Schedule III to the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "SEBI Listing
Regulations"). The implications of any future conversion, if undertaken, will be evaluated
at the relevant time based on the applicable terms and the facts and circumstances then
prevailing. The Company shall make such further disclosures as may be required under
the SEBI Listing Regulations and other applicable laws upon the occurrence of such
event.
The value of the proposed financial assistance is below the applicable quantitative
materiality threshold prescribed under Regulation 30 of the SEBI Listing Regulations and
the present disclosure is being made voluntarily.
This announcement will also be available on the website of the Company at
https://investors.ixigo.com/.
You are requested to kindly take note of the above.
Thank you,
For Le Travenues Technology Limited
Suresh Kumar Bhutani
(Group General Counsel, Company Secretary & Compliance Officer)