EaseMyTrip Co-Founder Pledges 34.51 Cr Shares to Motilal Oswal as Penny Stock Slides 20%

01 / What happened

What happened

On August 24, 2026, EaseMyTrip co-founder Nishant Pitti pledged 34,51,39,404 shares worth Rs 211.92 crore to Motilal Oswal Financial Services.

EaseMyTrip co-founder Nishant Pitti pledged 34.51 crore shares of Easy Trip Planners to Motilal Oswal Financial Services on August 24, 2026, disclosed to BSE and NSE on August 29 under SEBI SAST Regulation 31.

The filing shows 34,51,39,404 shares valued at Rs 6.14 each for a total of Rs 211.92 crore on a 1:1 security cover, representing 8.66% of the company's paid-up capital and stated to be for personal use by the promoter.

After this pledge, Pitti's total encumbrances rose to 44.87 crore shares — 11.26% of EaseMyTrip's capital and 98.89% of his own 45.37 crore holding — leaving only about 50 lakh shares unencumbered. The block is also 25.83% of the combined promoter group holding.

The stock closed at Rs 5.83 on BSE on September 11, 2026, up 0.52% on the day but down about 20.1% year-to-date in 2026 and 32.76% over one year, with a market cap of Rs 2,323.05 crore. It is the latest in a series of pledges to the same lender dating back to June 2025.

Shares pledgedPledged to Motilal Oswal Financial Services on 24 Aug 2026, disclosed 29 Aug 2026.

34.51 cr (34,51,39,404)

Pledge valueAt Rs 6.14 per share on 1:1 security cover for personal use.

Rs 211.92 cr

Total encumbered11.26% of company capital; 98.89% of Pitti's 45.37 cr holding; only ~50 lakh free.

44.87 cr (98.89%)

Stock price Sep 11Mcap Rs 2,323.05 cr; down 20.1% YTD 2026, down 32.76% over 1 year.

Rs 5.83 (+0.52%)

Timeline

Pledge Timeline

A series of pledges to the same lender, culminating in nearly full encumbrance of the co-founder's stake.

Jun 2025 — 9 cr shares (Rs 94.5 cr) pledged to Motilal Oswal
Dec 2025 — 18.94 cr shares pledged to Motilal Oswal (MOFSL)
Mar 2026 — 6.86 cr shares (Rs 55 cr) pledged to Motilal Oswal
24 Aug 2026 — 34.51 cr shares (Rs 211.92 cr) pledged; disclosed 29 Aug 2026

What Next

What to Watch Next

Investors will watch disclosures for any invocation or release of pledge, movement in EaseMyTrip's penny-stock price, and promoter holding updates in the next shareholding pattern.

02 / Why it matters

Why it matters for me

The pledge pushes his total encumbered holding to 44.87 crore shares, 98.89% of his own stake and 11.26% of the company, raising governance and margin-call risks as the stock stays under pressure.

Money

Security-risk · Direct · High

Stock Market Investors

Investors face higher pledge overhang — 98.89% of promoter's own shares now collateral, raising risk of forced selling if price falls further.

Work

Regulatory-change · Indirect · Medium

Business Executives

Promoter financing at 1:1 cover and personal-use reason raises governance questions for lenders and board oversight at EaseMyTrip.

Daily Life

Financial-loss · Contextual · Medium

General Public

Retail holders of this penny stock (Rs 5.83, down 20% YTD) should note high promoter pledging as a signal to check risk before averaging down.

03 / The one thing

What to remember

The one thing

Almost his entire personal stake is now collateral.

EaseMyTrip co-founder pledges 34.51 cr shares worth Rs 212 cr to Motilal Oswal — 98.89% of his holding now pledged.

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Evidence behind the crack

Reporting/Mint (Livemint)

EaseMyTrip co-founder Nishant Pitti pledges 34.51 crore shares to Motilal Oswal; Check travel stock's performance

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PrimaryPublished Sep 11, 2026Accessed Sep 15, 2026

Reporting/Moneycontrol