EaseMyTrip co-founder and executive director Prashant Pitti has pledged 9 crore shares of the company—equivalent to about 2.54% of total equity—to Motilal Oswal Financial Services for “personal use”, according to a BSE filing dated June 26, 2025
Based on current market prices (~Rs 10.40), the pledged shares amount to around Rs 93–95 crore
⚠️ Why It Matters
- Personal finance alert: Large-scale promoter pledging often becomes a red flag, as analysts worry it may signal liquidity issues or upcoming selling
- Promoter stake dilution: With Pitti’s pledged shares rising to ~17 crore (around 4.8% of total equity), coupled with prior stake sales, his overall equity has notably declined entrackr
- Timing matters: This pledge follows a period of revenue slowing—Q4 FY25 revenue dipped ~15% to Rs 139 crore, with PAT at Rs 13.9 crore. Yearly revenue remained stable at Rs 587 crore, and pre-tax profits stood at Rs 143 crore
📊 Background Snapshot
| Parameter | Details |
|---|---|
| Shares Pledged | 9 crore (2.54%) |
| Value | ₹93.6–94.5 crore |
| Filing Date | June 26, 2025 |
| Total Promoter Pledge | ~17 crore shares (~4.8%) |
| Promoter Holdings | Declined from 28% (Mar 2024) to ~12.8% (Mar 2025) |
🕵️ Investor Concerns
- Hidden motives: Pledge-for–“personal use” lacks specifics—could be leveraged assets, loans, or other expenses, which might unsettle investors.
- Trend to watch: Promoter’s consistent unstaking (share sales, resignations, pledges) may indicate shifting confidence or financial strategies.
🔮 Outlook & What Comes Next
- Market reaction: Watch for stock fluctuations, especially if intensified pledging or promoter selling follows.
- Regulatory disclosures: SEBI filings may provide further clarity—look for pledge extensions or releases.
- Strategic signals: Investors will closely monitor whether Pitti reduces or releases pledge based on personal or corporate developments.
✅ Bottom Line
The Prashant Pitti pledge shares move—9 crore shares worth ~Rs 95 crore—raises caution among investors as it compounds recent promoter sell-offs and drops in company revenue. Whether it reflects planned financing or deeper issues will become clear through future disclosures and market behavior.
