Date: August 06, 2026
Board Meeting Outcomes
- The board of directors of Le Travenues Technology Limited at its meeting held on August 06, 2026 approved an investment of €219,200 in IXIGO PTE LTD, its wholly owned subsidiary in Singapore
- The investment was approved by way of subscription to 219,200 ordinary shares of €1 each in IXIGO PTE LTD
- Subsequently, the board of directors of IXIGO PTE LTD on August 06, 2026 approved the grant of an optionally convertible loan of €219,200 to Squad As Service, S.L. (Sqaas), an associate company in Spain
- The loan approval was made in accordance with the terms of the Convertible Loan Agreement entered into between IXIGO PTE LTD and Sqaas
- The approval was subject to receipt of requisite regulatory and corporate approvals
Transaction Details
- Transaction type: Optionally convertible loan
- Lender: IXIGO PTE LTD (wholly owned subsidiary of Le Travenues Technology Limited)
- Borrower: Squad As Service, S.L. (associate of Le Travenues Technology Limited)
- Loan amount: €219,200
- Conversion terms: The loan may be converted into equity securities of Sqaas at a future date pursuant to the Convertible Loan Agreement
- Current status: As of the disclosure date, no conversion has taken place and no equity securities have been issued or allotted
- Shareholding impact: No change in the existing shareholding or control of Sqaas has occurred as a consequence of the proposed financial assistance
Additional Information
- The announcement is available on the company website at https://investors.ixigo.com/
- The disclosure was submitted to both National Stock Exchange of India Limited and BSE Limited