Rategain Travel Technologies Limited — Board Meeting, 07-08-2025: Outcome of Board Meeting

RateGain has announced a board meeting where it approved the financial results for the quarter ended June 30, 2025. Consolidated revenue hit ₹272.92 Cr, with a net profit of ₹46.93 Cr. The company also confirmed that its ₹600 Cr QIP funds remain unutilized and are currently held in deposits.

In leadership changes, Mr. EC Rajakumar Konduru resigned as Independent Director. The Board appointed Mr. Aakrit Ajay Kumar Vaish, co-founder of Haptik and an AI expert, as a new Independent Director for a five-year term, pending shareholder approval. This led to a reconstitution of key board committees. Additionally, a merger of two wholly-owned subsidiaries, BCV Social LLC and RateGain Adara Inc., was approved to boost synergies and cut costs.