Le Travenues Technology Ltd Directors Report

Dear Members,

Your directors have the pleasure of presenting their twentieth report on the business and operations of Le Travenues Technology Limited (the Company / ixigo) together with the audited financial statements for the financial year ended March 31, 2026.

1. Financial Statements and Results

1. Financial Results

The standalone and consolidated financial highlights of your Companys operations are summarised below:

Particulars	Standalone FY 2026	Standalone FY 2025	Consolidated FY 2026	Consolidated FY 2025
Income
Revenue from operations	12,075.07	9,106.20	12,280.39	9,142.46
Other income	471.59	179.84	473.07	180.20
Total income (I)	12,546.66	9,286.04	12,753.46	9,322.66
Expenses
Employee benefit expense	1,978.54	1,596.39	2,200.44	1,636.17
Finance costs	27.11	23.30	27.34	23.30
Depreciation and amortization expense	134.18	99.64	148.23	103.38
Other expenses	9,204.67	6,702.69	9,351.87	6,697.65
Total expenses (II)	11,344.50	8,422.02	11,727.88	8,460.50
Profit / (loss) before share of loss of an associate, exceptional items and tax (III) = (I) - (II)	1,202.16	864.02	1,025.58	862.16
Share of loss of an associate, net of tax (IV)	-	-	(112.22)	(90.97)
Profit / (loss) before exceptional items and tax (V) = (III) + (IV)	1,202.16	864.02	913.36	771.19
Exceptional Items (VI)	(27.96)	(11.67)	(27.96)	46.04
Profit / (loss) before tax (VII) = (V) + (VI)	1,174.20	852.35	885.40	817.23
Tax expenses / (credit)
Current tax	224.34	39.35	226.84	40.09
Deferred tax charge / (credit)	(12.25)	178.50	(56.25)	174.62
Total tax expense / (credit) (VIII)	212.09	217.85	170.59	214.71
Profit / (loss) for the year (IX) = (VII) - (VIII)	962.11	634.50	714.81	602.52
Other comprehensive income
Items that will not be reclassified to statement of profit and loss
(a) Re-measurement (loss) / gains on defined benefit plans	(15.16)	(11.35)	(16.75)	(11.24)
Income tax effect relating to items that will not be reclassified to profit and loss	3.82	2.91	3.82	2.91
(b) Share of other comprehensive income / (loss) of associate	-	-	0.57	0.01
Income tax effect relating to items that will not be reclassified to profit and loss	-	-	(0.14)	-
Items that may be reclassified to profit or loss
Exchange differences on translation of foreign operations	-	-	0.38	-
Other comprehensive income / (loss) for the year, net of tax (X)	(11.34)	(8.44)	(12.12)	(8.32)
Total comprehensive income / (loss) for the year, net of taxes (XI) = (IX) + (X)	950.77	626.06	702.69	594.20
Earnings per equity share (Nominal value per share 1)
Basic	2.34	1.65	1.75	1.56
Diluted	2.29	1.63	1.72	1.55

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2. Result of Operations

Consolidated Accounts

Total income during FY 2025-26 increased to ? 12,753.46 million as against ? 9,322.66 million during FY 2024-25, a growth of 37%. Profit after tax is ? 714.81 million during the year 2025-26 as compared to profit after tax of ? 602.52 million during the year 2024-25, a growth of 19%.

Standalone Accounts

Total income during FY 2025-26 increased to ? 12,546.66 million as against ? 9,286.04 million during FY 2024-25, a growth of 35%. Profit after tax is ? 962.11 million during the year 2025-26 as compared to Profit after tax of ? 634.50 million during the year 2024-25, a growth of 52%.

3. Appropriation and Reserves

Dividend

With a view to reinvest the profits of the business, the board of directors of your Company (the Board) does not recommend any dividend on equity shares of the Company for the year ended March 31, 2026.

The Dividend Distribution Policy is available on the website of the Company at .

Reserves

Your directors have not proposed transferring any amount to reserves for the financial year 2025-26.

4. Subsidiaries, Joint Ventures, and Associates of the Company

As of March 31, 2026, your Company has the following subsidiaries and associate companies:

S. No. Name of the entity	Relation	Percentage
1. Ixigo Europe, S.L.	Wholly Owned Subsidiary	100.00%
2. IXIGO PTE. LTD.	Wholly Owned Subsidiary	100.00%
3. Zoop Web Services Private Limited	Subsidiary	62.00%
4. Online Travel Solutions, S.L.	Step-down Subsidiary	60.00%
5. Squad As A Service, S.L.	Associate	45.02%
6. Freshbus Private Limited	Associate	25.66%

During the year under review, your Company does not have any joint venture company.

A statement containing salient features, performance, and financial position of each of the subsidiaries for the financial year ended March 31, 2026, is attached with the financial statements of the Company in the prescribed Form AOC-1 and forms part of the annual report.

The entire set of subsidiaries financials are available for inspection at the registered office of the Company in accordance with the requirements of the Companies Act, 2013 (the Act) and also available on the website of the Company at .

5. Consolidated Financial Statements

The consolidated financial statements of the Company prepared as per the applicable accounting standard consolidating the Companys accounts with its subsidiaries and associate companies form part of the annual report.

6. Revision of Financial Statement

There was no revision of the financial statements during the year under review.

7. Changes in the capital structure

As on March 31, 2026, the authorized share capital of the Company was ? 501,700,000, divided into 501,600,000 Equity Shares of ? 1 each and 10,000 Preference Shares of ? 10 each.

Further, except the following, there were no other changes in the subscribed and paid-up share capital of the Company:

a) Allotment of shares upon exercise of options granted under the employees stock option schemes

During the year under review, your Company had seven employees stock option schemes namely Le Travenues Technology - Employees Stock Option Scheme 2012 (ESOS 2012), Le Travenues Technology - Employees Stock Option Scheme 2013 (ESOS 2013), Le Travenues Technology - Employees Stock Option Scheme 2016 (ESOS 2016), Le Travenues Technology - Employees Stock Option Scheme 2020 (ESOS 2020), Le Travenues Technology - Employees Stock Option Scheme 2021 (ESOS 2021), Le Travenues Technology - Employees Stock Option Scheme 2024 (ESOS 2024) and Le Travenues Technology - Employees Stock Option Scheme 2025 (ESOS 2025) (hereinafter collectively referred to in this report as Prevailing ESOS).

The following equity shares were allotted on the dates as set out below, consequent to the exercise of vested options granted under Prevailing ESOS:

Allotment Date	Name of the Scheme	No. of Shares	Face Value (Per Share) (\u20b9)	Premium (Per Share) (\u20b9)	Exercise / Issue Price (Per Share) (\u20b9)
May 14, 2025	ESOS 2013	45,978	1.00	0.25	1.25
	ESOS 2016	18,000	1.00	0.25	1.25
		1,822	1.00	0.25	1.25
	ESOS 2020	115,534	1.00	0.25	1.25
		181,334
	Total
	ESOS 2012	921	1.00	0.25	1.25
	ESOS 2013	1,874	1.00	0.25	1.25
		30,125	1.00	0.25	1.25
		78,724	1.00	0.25	1.25
	Total	111,644
November 12, 2025	ESOS 2012	346,194	1.00	0.25	1.25
	ESOS 2013	145,745	1.00	0.25	1.25
		109,286	1.00	0.25	1.25
		18,200	1.00	0.25	1.25
		270,139	1.00	0.25	1.25
		15,925	1.00	92.00	93.00
	Total	905,489
January 22, 2026	ESOS 2012	19,868	1.00	0.25	1.25
	ESOS 2013	38,993	1.00	0.25	1.25
		87,124	1.00	0.25	1.25
		41,738	1.00	0.25	1.25
		228,921	1.00	0.25	1.25
		75,475	1.00	92.00	93.00
	Total	492,119
February 13, 2026	ESOS 2016	60,105	1.00	0.25	1.25
	ESOS 2021	48,553	1.00	0.25	1.25
		3,562	1.00	92.00	93.00
	Total	112,220

Subsequent to the close of the financial year, the following equity shares were allotted on the dates as set out below, consequent upon exercise of vested options granted under Prevailing ESOS:

Allotment Date	Name of the Scheme	No. of Shares	Face Value (Per Share) (\u20b9)	Premium (Per Share) (\u20b9)	Exercise / Issue Price (Per Share) (\u20b9)
May 21, 2026	ESOS 2012	4,737	1.00	0.25	1.25
	ESOS 2013	140,887	1.00	0.25	1.25
		56,000	1.00	92.00	93.00
	ESOS 2016	44,996	1.00	0.25	1.25
	ESOS 2016	10,812	1.00	92.00	93.00
	ESOS 2020	11,940	1.00	0.25	1.25
	ESOS 2021	202,015	1.00	0.25	1.25
		14,197	1.00	92.00	93.00
	Total	485,584

b) Preferential Issue

During the year under review, your Company had allotted 46,270,092 equity shares of face value of ?1 each, for cash at an issue price of ?280 per equity share, including a premium of ?279 per share, aggregating to ?12,955,625,760 representing 10.10% of the post preferential issue paid-up equity share capital (on a fully-diluted basis including vested, unvested and unallocated options under the prevailing employee stock option schemes) of the Company, by way of preferential issue on private placement basis to MIH Investments One B.V. in accordance with the provisions of the Act and rules made thereunder, Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws.

8. Public Deposits

During the year under review, your Company has not accepted or renewed any deposit falling within the purview of the provisions of Sections 73 and 74 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014. Accordingly, the requirement for furnishing details of deposits that are not in compliance with Chapter V of the Act is not applicable.

9. Amendment / Alteration of the Memorandum of Association and Articles of Association of the Company

During the year under review, there were no amendments to the Memorandum of Association of the Company.

Further, during the year under review, the shareholders of the Company, at the Extraordinary General Meeting held on November 01, 2025, approved the following amendments to the Articles of Association of the Company:

a) Amendments to give effect to the provisions of the Share Subscription Agreement entered into between the Company and the MIH Investments One B.V. on October 10, 2025, including the grant of special rights to an identified shareholder pursuant to Regulation 31B of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and b) Deletion of references to Part A and deletion of the third paragraph containing references to Part A and Part B under Section I - Applicability of Table F.

10. Disclosures under Section 134(3)(l) of the Companies Act, 2013

Except as disclosed below and elsewhere in this report, no material changes and commitments that could affect the Companys financial position have occurred between the end of the financial year of the Company and the date of this report.

11. Disclosure of internal financial controls

The internal financial controls with reference to financial statements as designed and implemented by the Company are adequate. As per the report issued by the statutory auditors with respect to the standalone financial statements on Internal Financial Controls of the Company under Clause (i) of sub-section 3 of Section 143 of the Act, the Company has, in all material respects, adequate internal financial controls with reference to standalone financial statements and such internal financial controls with reference to standalone financial statements were operating effectively as at March 31, 2026, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note issued by the ICAI.

With respect to the consolidated financial statements, the report issued by the statutory auditors provides that, the Group, and its associates, which are companies incorporated in India, have, maintained in all material respects, adequate internal financial controls with reference to consolidated financial statements with reference to consolidated financial statements were operating effectively as at March 31, 2026, based on the internal control over financial reporting criteria established by the Holding Company considering the essential components of internal control stated in the Guidance Note issued by the ICAI.

12. Particulars of contracts or arrangements made with related parties

All related party transactions entered during the financial year under review are disclosed in the notes to accounts forming part of the financial statements provided in this Annual Report. The Policy on Materiality of and Dealing with Related Party Transactions is available on the website of the Company at .

All contracts, arrangements, or transactions entered into with related parties during the financial year ended March 31, 2026, were conducted on an arms length basis and in the ordinary course of business. Further the aggregate value of related party transactions during the financial year ended March 31, 2026 was less than 10% of the annual consolidated turnover of the Company. Accordingly, disclosure in Form AOC - 2, prescribed under the provisions of Section 134(3) (h) of the Act and Rule 8 of the Companies (Accounts) Rules, 2014 is not applicable.

13. Particulars of loans, guarantees, and investments

During the year under review, the Company made investments in securities. Particulars of loans, guarantees, and investments covered under Section 186 of the Act, read with the Companies (Meeting of Board and its Powers) Rules, 2014 as of March 31, 2026, are set out in the financial statements and are included herein by reference and forms part of this report.

14. Disclosure under Section 43(a)(ii) of the Companies Act, 2013

During the year under review, the Company has not issued any shares with differential voting rights, and hence no information as per provisions of Section 43(a)(ii) of the Act, read with applicable rules, is required to be furnished.

15. Disclosure under Section 54(1)(d) of the Companies Act, 2013

During the year under review, the Company has not issued any sweat equity shares, and hence no information as per the provisions of Section 54(1)(d) of the Act, read with applicable rules, is required to be furnished.

16. Disclosure relating to Employees Stock Option Schemes

Based on the recommendation of the Nomination and Remuneration Committee (designated by the Board to act as the Compensation Committee), the Board at its meeting held on March 08, 2025, recommended to the shareholders, the formulation, adoption and implementation of Le Travenues Technology - Employees Stock Option Scheme 2025, extending its benefits to the employees of subsidiaries, and grant of options equal to or more than 1% of the issued capital of the Company to Mr. Aloke Bajpai and Mr. Rajnish Kumar. All the proposed resolutions were approved by the shareholders as special resolutions via Postal Ballot on April 17, 2025.

The Prevailing ESOS are in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. There are no material changes in the Prevailing ESOS during the year under review.

The details relating to Prevailing ESOS in compliance with the provisions of Section 62(1)(b) of the Companies Act, 2013 read with Clause (9) of Rule 12 of the Companies (Share Capital and Debentures) Rules, 2014 and Regulation 14 read with Part F of Schedule I of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, is available on the website of the Company at .

17. Management Discussion and Analysis Report

Pursuant to Regulation 34(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Management Discussion and Analysis Report for the financial year under review is included herein by reference and is part of the Annual Report.

18. Corporate Governance Report

The Corporate Governance Report as stipulated under Regulation 34(3) read with Schedule V of the SEBI Listing Regulations is included herein by reference and is part of the Annual Report. The requisite certificate from DPV & Associates LLP, Company Secretaries and Secretarial Auditors of the Company, on compliance with the requirements of Corporate Governance is included herein by reference and is part of the Annual Report.

19. Disclosure under Section 197(12) of the Companies Act, 2013

The statement containing disclosure of remuneration under Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel), Rules, 2014, as amended is set out in Annexure - 1 and forms part of this Report.

The information as per Rule 5(2) and Rule 5(3) of the abovementioned Rules pertaining to the names of top ten employees and other particulars of employees is provided in a separate annexure. However, as per the provisions of Section 136(1) of the Act and the Rules made thereunder, the Annual Report and the financial statements, excluding the aforesaid annexure, are being sent to the members, and other persons entitled thereto. Any Member interested in obtaining this statement, may write to the Company Secretary requesting for the same. None of the employees listed in the Annexure is related to any Director of the Company.

II. Operational performance

We are a technology company focused on empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels. We assist travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on our OTA platforms, comprising our websites and mobile applications. Our vision is to become the most customer-centric travel company, by offering the best customer experience to our users. Our focus on travel utility and customer experience for travelers in the next billion users segment is driven by technology, cost-efficiency, and our culture of innovation. Our OTA platforms allow travelers to book train tickets, flight tickets, bus tickets, hotels, and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing and availability alerts, deal discovery, destination content, personalised recommendations, instant fare alerts for flights and automated customer support services.

We endeavour that our OTA platforms are able to build significant user adoption and engagement by offering convenience, utility, and value-added customer-centric solutions for travel-related issues.

During the financial year ended March 31, 2026, the Company has significantly reinforced its market position, serving over 569.43 million annual active users across its brands, ixigo, Confirmtkt, and AbhiBus - empowering travellers from metros to the heart of Bharat. The Companys AI-led ecosystem simplifies the full travel cycle, enabling seamless discovery, booking, tracking, and support across every leg of the journey. As mobility demand rises in Tier II and III cities of India, the Companys deep regional reach, customer-first design, and intelligent integrations position it uniquely to power Indias next billion travel experiences. The Companys dedication to innovation, a customer-centric approach, and strategic acquisitions have positioned it well for sustained growth in Indias burgeoning online travel market.

Key operational highlights include a substantial Gross Transaction Value (GTV) of ?1,86,926.84 Million for the year, underpinned by diversified revenue streams across train, flight, bus, and hotel bookings, alongside ancillary services. The train segment achieved a 12% year-over-year increase, with a GTV of ?82,789.49 Million and a revenue of ?5,112.57 million. The flight segment, showing remarkable growth with a 33% year-over-year increase, achieved a GTV of ?75,145.83 million and revenue of ?3,906.78 million. The bus segment also recorded a phenomenal 46% growth in GTV to ?26,207.47 million and revenue of ?2,979.95 million. Hotel bookings and ancillary services, though nascent, are expanding rapidly, contributing to overall revenue growth through innovativ e technology and AI-driven services.

ixigos commitment to leveraging artificial intelligence and machine learning underscores its operational efficiency, offering a seamless, integrated travel booking experience across its platforms. The Companys strategic focus on technology and user-centric services positions it as a leading player in the online travel market, poised for continued success and growth.

For a further detailed analysis of the operational performance of your Company, please refer to the standalone and consolidated financial statements of the Company forming part of the Annual Report.

III. Disclosure related to Directors and Key Managerial Personnel

1. Directors

As on March 31, 2026, the Board comprised nine Directors including one Woman Director.

During the year under review, the shareholders at their nineteenth annual general meeting of the Company held on September 24, 2025, approved the re-appointment of Mr. Rajnish Kumar Benedict (DIN: 02834454), Director & Group Co-CEO as a Non-Executive Director of the Company liable to retire by rotation. Mr. Rajnish Kumar Benedict is a member of the Board since April 01, 2010.

Further, Mr. Frederic Lalonde (DIN: 00739136), Non-Executive Director of the Company, is liable to retire by rotation at the upcoming annual general meeting and has offered himself for re-appointment. The Board, having reviewed his performance and contributions to the Company, recommends his re-appointment to the shareholders of the Company.

None of the directors of the Company are disqualified as per the provisions of Section 164(2) of the Act.

2. Declaration by Independent Directors

The Board has received declarations from all Independent Directors confirming that they meet the criteria of independence as laid down under Section 149 read with Schedule IV of the Act and Regulation 16 and 25 of the SEBI Listing Regulations.

During the year under review, there has been no change in the circumstances affecting their status as Independent Directors of your Company.

Further, in the opinion of the Board, the Independent Directors of the Company possess requisite expertise and experience, including proficiency and hold high standards of integrity to discharge their duties with independent judgment.

3. Annual evaluation of the performance of the Board, its Committees, and individual directors

As required under Section 178(2) of the Companies Act, 2013 and under Schedule IV to the Companies Act, 2013 on Code of Conduct for Independent Directors, a comprehensive exercise for evaluation of the performances of (a) the Board as a whole, (b) Chairman of the Board, (c) Individual Directors, both Independent and Non-Independent, and (d) for each of the Board Committees separately has been carried by your Company as per the evaluation criteria formulated by the Nomination and Remuneration Committee and approved by the Board and based on guidelines given in Schedule IV to the Companies Act, 2013. The exercise was carried out through questionnaires which were sent directly to the Board members on a confidential basis.

In view of the size and nature of business of the Company, the evaluation methodology adopted is, in the opinion of the Board, sufficient, appropriate and is found to be in compliance with the applicable laws.

The results of annual evaluation of FY 2025-26 were subsequently discussed at meetings of the Nomination and Remuneration Committee and Board held on May 21, 2026.

4. Key Managerial Personnel

During the year under review, there were no changes in the Key Managerial Personnel of the Company.

IV. Disclosures related to Board, Committees, and Policies

1. Board Meetings

During the year under review, the Board met seven times in accordance with the provisions of the Act, and the rules made thereunder on the following dates with the necessary quorum being present at all the meetings:

May 14, 2025;

July 16, 2025;

October 10, 2025;

October 29, 2025;

November 12, 2025;

January 22, 2026; and

February 13, 2026

The details with respect to the number of meetings attended by each director are set out in the Corporate Governance Report which is included herein by reference and forms part of the Annual Report.

2. Directors Responsibility Statement

Pursuant to Section 134(3)(c) read with Section 134(5) of the Act, the Board, based on representations received from the management and the processes involving the Companys statutory and internal audit functions, and to the best of its knowledge, ability and due inquiry, confirms that:

i. in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures, if any;

ii. applicable accounting policies have been selected and applied consistently in order to form views/ make judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of the affairs of the Company at the end of the financial year and of the profit and loss of the Company for that period; iii. proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 is taken for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; iv. annual accounts have been prepared on a going concern basis; v. internal financial controls to be followed by the Company have been laid down and such internal financial controls are adequate and were operating effectively; and vi. proper systems have been devised to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

3. Committees of the Board

During the year under review, the Board has the following committees of its directors:

a) Audit Committee; b) Nomination and Remuneration Committee; c) Stakeholders Relationship Committee; d) Risk Management Committee; e) Corporate Social Responsibility Committee; f) Banking and Finance Committee; and g) Board Investment Committee.

The details of the constitution, dissolution, composition, terms of reference, number of committee meetings held during the year under review and attendance of the committee members at each meeting are set out in the Corporate Governance Report which is included herein by reference and forms part of the Annual Report.

4. Succession Planning

The Nomination and Remuneration Committee works with the Board on the leadership succession plan to ensure orderly succession in appointments to the Board and in the senior management. The Company strives to maintain an appropriate balance of skills and experience, within the organisation and the Board, in an endeavor to introduce new perspectives, whilst maintaining experience and continuity.

5. Policies

(A) Vigil Mechanism Policy for the Directors and Employees

In compliance with the provisions of Section 177(9) of the Act read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014, and Regulation 22 of the SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has a vigil mechanism in place for reporting genuine concerns or grievances. The vigil mechanism provides adequate safeguards against victimization to any employees and/or directors who use the mechanism to report their concerns or grievances and also provides for direct access to the Chairperson of the Audit Committee, in exceptional cases.

The Company has formulated Le Travenues Technology Limited - Whistle Blower Policy / Vigil Mechanism. The said policy is available on the website of the Company at .

During the year under review, the Company received one complaint under the Vigil Mechanism, which has been resolved as of the date of this Report.

Further, no person has been denied any access to the Audit Committee during the year under review.

(B) Policy on Directors Appointment and Remuneration

Your Company had adopted Le Travenues Technology Limited - Nomination and Remuneration Policy in compliance with Section 178 of the Companies Act, 2013 and other applicable laws, for the identification, selection, and appointment of Directors, Key Managerial Personnel (KMPs), and Senior Management of your Company. The Policy lays down the process and parameters for the appointment and remuneration of the KMPs and other senior management personnel and the criteria for determining qualifications, the highest level of personal and professional ethics, positive attributes, financial literacy, and independence of a Director. The Policy is available on the Investor Relations section of Companys website at

(C) Corporate Social Responsibility Policy

As per the audited financial statements, the Company does not have average net profits during the three immediately preceding financial years, requiring the Company to spend at least two percent thereof in compliance with the provisions of sub-section (5) of Section 135 of the Act. Based on the availability of profits, the Corporate Social Responsibility Committee will consider taking certain corporate social responsibility initiatives in compliance with the Companys Corporate Social Responsibility Policy and applicable laws.

The Corporate Social Responsibility Policy approved by the Board is available on the Investor Relations section of the Companys website at .

The Annual Report on Corporate Social Responsibility activities including a brief outline of the CSR Policy is enclosed as Annexure - 2 to this Report.

(D) Risk Management Policy

Your Company has put in place a Risk Management Policy based on the guiding principles of identifying, assessing, and mitigating risks. It is an integral part of decision-making for your Company and is dynamic, undergoing continuous improvement. The Risk Management process involves setting objectives, identifying key risks (including identification of elements of risk, if any, which in the opinion of the Board may threaten the existence of the Company) on an ongoing basis, developing a mitigation action plan, and monitoring.

The Company has a Risk Management Committee and a Risk Management Policy in place which identifies and evaluates business risks and opportunities. The Risk Management Policy is available on the website of the Company at . The risk management framework is aimed at effectively mitigating Companys various business and operational risks, through strategic actions. Risk management is embedded in critical business activities, functions and processes. It also provides control measures for risk and future action plans.

V. Auditors and Reports

1. Statutory Auditors

S.R. Batliboi & Associates LLP, Chartered Accountants, (ICAI Firm Registration No. 101049W/E300004) were re-appointed as statutory auditors of your Company at the 19th Annual General Meeting held on September 24, 2025, for a subsequent four consecutive years from the conclusion of the 19th Annual General Meeting until the conclusion of the 23rd Annual General Meeting, in accordance with the provisions of Section 139 of the Act.

2. Statutory Auditors Report

The audit report issued by the statutory auditors on the standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, is self-explanatory and does not require any explanation or comment from the Board under Section 134(3)(f) of the Companies Act, 2013.

3. Secretarial Auditors

DPV & Associates LLP, Company Secretaries (ICSI Firm Registration No. L2021HR009500) (Secretarial Auditors), were appointed as the Secretarial Auditors of your Company at the 19th Annual General Meeting held on September 24, 2025, for a term of five consecutive years commencing from FY 2025-26 till FY 2029-30 in accordance with Regulation 24A of the SEBI Listing Regulations read with the SEBI notification dated December 12, 2024, and the provisions of Section 204 of the Companies Act, 2013 along with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

DPV & Associates LLP carried out the secretarial audit of the Company for the financial year under review in compliance with the provisions of the Companies Act, 2013 read with the rules made thereunder, applicable regulations issued by the Securities and Exchange Board of India, Foreign Exchange Management Act, 1999, as amended and other laws specifically applicable to your Company. The Secretarial Audit Report in Form MR - 3 for the financial year ended March 31, 2026, is attached to this report as Annexure - 3.

The audit report issued by the Secretarial Auditors for the financial year ended March 31, 2026, is self-explanatory and does not require any explanation or comment from the Board under Section 134(3)(f) of the Companies Act, 2013.

VI. Other Disclosures

1. Annual Return

In compliance with the provisions of Section 92(3) and Section 134(3)(a) of the Companies Act, 2013 read with the rules made thereunder, the Annual Return of the Company for the year ended March 31, 2026, is available on the website of the Company at .

2. Prevention and prohibition of sexual harassment of women at the workplace

At Le Travenues Technology Limited, we are committed to providing a healthy work environment that is free of discrimination and unlawful harassment and that enables employees to work without fear of prejudice, gender bias, and sexual harassment. In keeping with this commitment, your Company expressly and strictly prohibits any form of employee harassment based on race, colour, religion, sex, national origin, age, disability, or status in any group protected by state or local law. The Company has always endeavoured for providing a better and safe environment free of sexual harassment at all its workplaces.

Your Company had complied with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (POSH Act) and Rules made thereunder, relating to the constitution of the Internal Complaints Committee and had continued conducting workshops and awareness programs for sensitizing the employees with the provisions of the POSH Act during the year under review.

2026, no cases of sexual harassment were reported to the Internal Complaints Committee constituted by the Company.

3. Conservation of Energy, Technology Absorption, Foreign Exchange Earnings, and Outgo

The particulars as required under the provisions of Section 134(3)(m) of the Act, read with Rule 8 of the Companies (Accounts) Rules, 2014 in respect of conservation of energy, technology absorption, foreign exchange earnings and outgo, etc. are set out in Annexure - 4 which forms part of this report.

4. Awards and accreditations

The details of the awards and accolades earned by your Company and its founders during the year under review are set out on page no. 50 of the Corporate Overview Section of this Annual Report, which is included herein by reference and forms an integral part of the Annual Report.

5. Non-applicability of maintenance of cost records

The Central Government has not prescribed the maintenance of cost records under Section 148(1) of the Act, read with the rules made thereunder with respect to the business carried on by the Company.

6. Reporting of Fraud

The Auditors of your Company have not reported any instances of fraud committed in your Company by its officers or employees as specified under sub-section (12) of Section 143 of the Act.

7. Significant and material orders passed by the regulators, courts, or tribunals

There are no significant or material orders passed by the regulators, courts, or tribunals which would impact the going concern status of the Company and its operations in the future.

8. Compliance with Secretarial Standards on Board and General Meetings

During the year under review, your Company has complied with all the applicable provisions of Secretarial Standard - 1 and Secretarial Standard - 2 issued by the Institute of Company Secretaries of India.

9. Compliance with the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019

Your Company, being a foreign-owned and controlled company (FOCC) in terms of the provisions of the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (NDI Rules), has complied with the applicable provisions of the Foreign Exchange Management Act, 1999, read with the NDI Rules, in respect of the downstream investments made by it in other Indian companies.

Further, the Company has obtained the requisite certificate from its Statutory Auditors confirming compliance with the requirements relating to such downstream investments, in accordance with the provisions of the NDI Rules.

10. Change in the nature of business carried on by the Company

During the year under review, there has been no change in the nature of the business carried on by the Company.

11. Insolvency and Bankruptcy Code, 2016

During the year under review, no application has been made, and no proceeding is pending against the Company under the Insolvency and Bankruptcy Code, 2016.

12. One-time settlement with any bank or financial institution

During the year under review, there was no instance of any one-time settlement with any bank or financial institution.

13. Compliance with provisions of the Maternity Benefit Act, 1961

The Company has complied with the applicable provisions of the Maternity Benefit Act, 1961 and provides maternity benefits including paid maternity leave and other applicable entitlements to all eligible employees in accordance with the statutory requirements.

VII. Acknowledgement and Appreciation

Your directors take this opportunity to thank the customers, employees, investors, vendors, banks, business associates, and regulatory authorities including the various offices of the Central and State Governments, Reserve Bank of India, and the Registrar of Companies for the support, valuable assistance and co-operation continuously extended to the Company. Your Directors gratefully acknowledge the trust and confidence and look forward to their continued support in the future.

For and on behalf of the Board of Directors of Le Travenues Technology Limited

Sd/- Aloke Bajpai (Chairman, Managing Director & Group CEO) DIN: 00119037

Ratio of the remuneration of each Director to the median remuneration of the employees of the Company for FY 2025-26, the percentage increase / decrease in remuneration of each director, Chief Financial Officer, Chief Executive Officer, Company Secretary during FY 2025-26:

S. No. Name	Category of Director / Designation	Ratio of remuneration to the median remuneration of employees*	% increase / decrease in remuneration
1. Mr. Aloke Bajpai	Chairman, Managing Director & Group CEO	10.50	-
2. Mr. Rajnish Kumar Benedict	Director & Group Co-CEO	-	-
3. Mr. Mahendra Pratap Mall	Non-Executive Independent Director	0.68	(13.21%)
4. Ms. Shuba Rao Mayya	Non-Executive Independent Director	0.69	(18.97%)
5. Mr. Arun Seth	Non-Executive Independent Director	0.68	(13.21%)
6. Mr. Rahul Pandit	Non-Executive Independent Director	0.68	(22.03%)
7. Mr. Rajesh Sawhney	Non-Executive Independent Director	0.69	(12.96%)
8. Mr. Shailesh Lakhani	Non-Executive Director	-	-
9. Mr. Frederic Lalonde	Non-Executive Director	-	-
10. Mr. Saurabh Devendra Singh	Group Chief Financial Officer	10.19	17.90%
11. Mr. Suresh Kumar Bhutani	Group General Counsel, Company Secretary & Compliance Officer	4.12	18.02%

*Remuneration / % increase / decrease in remuneration is based on actual sitting fee paid / changes in CTC on year-on-year basis excluding one-time incentives and perquisites value of ESOS exercised.

The percentage increase in the median remuneration of employees for FY 2025-26 was 13.33%.

The Company had 624 permanent employees on the rolls of the Company as on March 31, 2026.

The average percentile increase in the remuneration of employees other than managerial personnel during the last financial year was 16.52%, while the increase in managerial remuneration stood at 11.97%.

It is hereby affirmed that the remuneration paid is as per the remuneration policy of the Company.

Brief outline on CSR Policy of the Company:

Le Travenues Technology Limited - Corporate Social Responsibility Policy reflects the Companys commitment to contribute towards community welfare, sustainable development, inclusive growth and nation-building, with particular emphasis on deprived and underprivileged sections of society. In accordance with Section 135 and Schedule VII of the Companies Act, 2013, the Policy provides a framework for undertaking CSR initiatives in areas including travel support for persons in need, healthcare and sanitation, education and livelihood enhancement, environmental sustainability, gender equality and social inclusion, rural and slum development, promotion of sports, protection of national heritage, welfare of armed forces veterans, disaster management and other activities permitted under Schedule VII.

Composition of CSR Committee:

S. No. Name of Director	Designation / Nature of Directorship	No. of meetings of CSR Committee held during the year	No. of meetings of CSR Committee attended during the year
1. Mr. Aloke Bajpai	Chairman, Managing Director & Group CEO (Chairperson)	-	-
2. Mr. Rajnish Kumar Benedict	Director & Group Co-CEO (Member)	-	-
3. Mr. Arun Seth	Non-Executive Independent Director (Member)	-	-
4. Mr. Frederic Lalonde	Non-Executive Director (Member)	-	-
5. Mr. Shailesh Lakhani	Non-Executive Director (Member)	-	-

Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the website of the company:

As the average net profit of the Company is NIL after adjusting for losses brought forward from preceding financial years, the disclosures required under points 4 to 8 of Annexure II to Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 are not applicable.

For and on behalf of the Board of Directors of Le Travenues Technology Limited

Sd/- Aloke Bajpai (Chairman, Managing Director & Group CEO and Chairman of CSR Committee) DIN:00119037 Date:May 21,2026 Place: Gurugram

Sd/- Rajnish Kumar Benedict (Director & Group Co-CEO) DIN:02834454 Date:May 21,2026 Place: Singapore