Eventions plans Rs 1.40 crore Gantu technology build-out

Eventions Limited plans to invest Rs 1.40 crore of issue proceeds as debt in Gantu Online Private Limited, a travel subsidiary in which it acquired 70.000% on March 10, 2026. The proposed technology build-out is based on the lower of two March 30, 2026 vendor quotations, while no orders or definitive vendor agreements had been signed.

What is Eventions funding at Gantu?

Eventions is proposing a Rs 1.40 crore debt investment in Gantu to develop, enhance and scale a technology-driven travel and experiential platform. Gantu was incorporated on August 30, 2024, and Eventions acquired its 70.000% equity stake through a share transfer from Cristo Aroara and Ravi Rajak, who are promoters of both Eventions and Gantu.

The Rs 1.40 crore is an intended use of net issue proceeds rather than a completed expenditure. The prospectus says the funding terms, including interest rate, security, tenure, repayment schedule and any subordination, will be determined later through mutual agreement and prevailing market conditions. The stated object therefore specifies the amount and intended use, but not the commercial terms of the inter-company debt.

Why does the Eventions Gantu technology build-out diversify the business?

The Eventions Gantu technology build-out moves travel and experiential activity into a consumer-facing subsidiary, whereas Eventions primarily serves business-to-business clients. Eventions' core operations cover event management and MICE, meaning meetings, incentives, conferences and exhibitions, for corporate and institutional customers; Gantu operates in business-to-consumer Free Independent Traveller, or FIT, travel.

Gantu's FIT offering includes customised itineraries, experiential tourism and leisure travel solutions. Eventions says it had provided customised travel and FIT services during its initial operating stage, but those activities have subsequently been transitioned and are now primarily undertaken through Gantu. The stated rationale is to enter the online travel segment and pursue cross-selling alongside event management and MICE work.

The 70.000% acquisition on March 10, 2026 also makes the diversification promoter-linked. The acquisition was from the two promoters common to Eventions and Gantu, but the prospectus separately states that the vendors furnishing technology quotations are neither part of the promoter group nor group companies. That distinction separates the subsidiary transaction from the proposed technology suppliers.

What would the Rs 1.40 crore technology budget cover?

The Rs 1.40 crore technology budget is designed to fund platform engineering, consumer access and operating systems needed for travel transactions. Its stated scope includes backend and frontend engineering, mobile application development, quality assurance and release management, cloud infrastructure, DevOps, meaning development and operations, and product and technology management.

The planned platform also includes user-experience design, artificial intelligence, or AI, tools for customer support and itinerary optimisation, and integrations with third-party travel providers. Those providers may include flights, hotels and ancillary services such as visa, eSIM, activities, maps and payments. The proposed systems also cover security, compliance and monitoring frameworks, which Eventions says are intended to support reliability, scalability, user experience and higher transaction volumes.

The proposed budget matches Grappus Technologies Private Limited's annual estimate of Rs 1.40 crore, rather than Axeno Consulting Private Limited's Rs 1.58 crore estimate. Grappus's scope lists core booking logic, data layers, consumer web and mobile applications, testing, cloud operations, AI tooling and travel integrations. Axeno's higher estimate includes platform backend work, supplier connectors, web and mobile delivery, reporting systems, communications tooling, security reserves and a scaled contingency.

How certain are Gantu's supplier costs and delivery plan?

Gantu's Rs 1.40 crore estimate is a budgetary figure, not a contracted purchase commitment. Both March 30, 2026 quotations were stated to remain valid for 12 months and valid as of the red herring prospectus date, but Eventions had not entered a definitive agreement with either supplier and had not placed orders.

The estimate therefore may not remain the eventual procurement price or vendor selection. Eventions says another supplier could be appointed, the quotations could expire, and actual costs could differ from the current estimates. The quotations exclude goods and services tax, or GST, and other applicable taxes; any increase in estimated costs is to be met from Eventions' internal accruals.

The supplier comparison shows a Rs 18 lakh gap between the two quoted annual estimates, but it does not establish a fixed cost ceiling. Grappus's Rs 1.40 crore quotation forms the basis of the proposed use of proceeds, while Axeno's Rs 1.58 crore quotation demonstrates that an alternative scope and pricing structure was available on the same March 30, 2026 date. Cost control will depend on supplier appointment, final scope and tax-inclusive procurement costs.

What has to happen for the investment object to be completed?

The investment object will be completed only when Gantu achieves the intended end use, not when Eventions transfers the Rs 1.40 crore. Eventions expressly undertakes that infusion of funds alone will not constitute completion. The timing and deployment of funds will depend on the nature, size and number of initiatives, as well as operating results, financial condition and access to capital.

This condition places execution on more than the availability of issue proceeds. The platform must be developed or enhanced through the proposed engineering, integration, cloud, AI and compliance work, while Gantu must be able to use those capabilities for its travel operations. The funding remains debt, so the eventual interest, security, maturity and repayment provisions will also shape the financial relationship after the terms are agreed.

Eventions is undertaking the Gantu investment alongside broader funding needs in its event business. As of August 31, 2026, the company disclosed Rs 8.97 crore of outstanding borrowings proposed for full or partial repayment or prepayment from net proceeds, while its working-capital proposal seeks Rs 18.80 crore. The Gantu allocation is therefore a separate, specifically identified technology investment within a wider use-of-proceeds plan.

Conclusion

Eventions' planned Rs 1.40 crore Gantu technology build-out is a defined step into consumer FIT travel after the March 10, 2026 acquisition of a 70.000% promoter-linked stake. The plan is supported by a Rs 1.40 crore vendor estimate against an alternative Rs 1.58 crore estimate, but it remains an intended debt infusion rather than a completed technology procurement.

The next disclosures to watch are the final debt terms with Gantu, whether a vendor is appointed before the 12-month quotations lapse, and the eventual tax-inclusive project cost. Eventions has also said that completion depends on the intended end use being achieved, so the relevant milestone is platform delivery and deployment rather than the transfer of funds alone.