Ixigo Acquires Brevistay, Invests in Two AI Firms

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR

Date of Board Meeting / Approval: Friday, June 05, 2026

Audit Opinion: Not Specified

Auditor’s Comment: Not Specified

Standalone Results: Not Specified

Consolidated Results: Not Specified

The Board of Directors approved three strategic investments:

1. Acquisition of Brevistay Hospitality Private Limited:

The Company will acquire a 54.66% stake in Brevistay for a total consideration of ₹65.69 Crore, which includes a non-compete fee.
The acquisition will be executed through a combination of secondary and primary share purchases.
Consequent to this acquisition, Brevistay will become a subsidiary of the Company.
The Company also has a right to purchase the remaining stake in Brevistay in the future, subject to the fulfilment of certain conditions.
The transaction is expected to be completed on or before July 31, 2026.

2. Investment in Ofintelligence Technologies Private Limited (Proactai):

The Company will invest ₹7.50 Crore in Proactai.
The investment will be made by subscribing to 2,394 Compulsorily Convertible Preference Shares (CCPS).
This will give the Company a 10.34% stake in Proactai on a fully diluted basis.
The transaction is expected to be completed on or before July 05, 2026.

3. Investment in Forgeurai Systems Private Limited (Vestra.AI):

The Company will subscribe to 450,000 Fully Convertible Debentures (FCDs) in Vestra.AI.
Each FCD has a face value of ₹100, amounting to a total consideration of ₹4.50 Crore.
The FCDs carry a coupon rate of 0.01%.
The transaction is expected to be completed on or before July 05, 2026.

Details of Brevistay Hospitality Private Limited:

Business: Engaged in the travel and hospitality tech market segment. Owner and operator of the website www.brevistay.com and mobile app 'Brevistay', providing an online platform for booking hotel rooms for flexible durations.
Industry: Online Travel Agency (OTA)
Turnover: FY26 (unaudited): ₹18.10 Crore, FY25: ₹12.23 Crore, FY24: ₹8.83 Crore.
Date of Incorporation: May 25, 2016
Country of Presence: India
Object of Acquisition: To strengthen the online hotel booking business.

Details of Ofintelligence Technologies Private Limited (Proactai):

Business: Engaged in building a vertical foundational model for person re-identification and object tracking.
Industry: Information Technology
Revenue: FY26 (unaudited): ₹12.02 Lakh, FY25: ₹1.30 Lakh. Not applicable for FY24 as it was incorporated on May 28, 2024.
Date of Incorporation: May 28, 2024
Country of Presence: India
Object of Investment: To enable Proactai and the Company to further harness their AI capabilities and accelerate the R&D of its AI-powered software and related technologies.

Details of Forgeurai Systems Private Limited (Vestra.AI):

Business: Engaged in the development and operation of a custom AI operating system for businesses, focusing on autonomous AI agent orchestration and workflow automation.
Industry: Information Technology
Revenue: FY26: ₹1.25 Lakh, FY25: ₹1.53 Lakh. Not applicable for FY24 as it was incorporated on September 28, 2024.
Date of Incorporation: September 28, 2024
Country of Presence: India
Object of Investment: To enable Vestra.AI and the Company to further harness their AI capabilities and accelerate the R&D of its AI-powered software and related technologies.

Board Meeting Timing: The meeting commenced at 06:30 P.M. (IST) and concluded at 07:25 P.M. (IST).

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