SCHEDULE: MakeMyTrip Insider Deep Kalra Boosts Stake to 4.0%

Deep Kalra, a key insider, and Travogue Electronic Travel LLP have reported a combined beneficial ownership of 4.0% in MakeMyTrip Limited as of December 31, 2025.

Summary

• Deep Kalra and Travogue Electronic Travel LLP collectively beneficially own 3,699,950 Ordinary Shares of MakeMyTrip Limited.
• This represents 4.0% of the company's outstanding Ordinary Shares, based on 90,357,514 shares outstanding as of December 31, 2025.
• Travogue Electronic Travel LLP, where Mr. Kalra and his spouse are sole partners, beneficially owns 2,352,900 shares, representing 2.60% of the class.
• Mr. Kalra's individual beneficial ownership of 1,347,050 shares includes 297,342 shares in his own name, 338,930 shares from vested Restricted Stock Units, 705,300 shares from exercisable ESOPs, and 5,478 shares held by his son.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, primarily a factual disclosure of beneficial ownership. The significant insider stake held by Deep Kalra could be interpreted as a sign of confidence.

Positives

• Deep Kalra, a key insider, holds a significant beneficial ownership of 4.0% in MakeMyTrip Limited, which includes shares held directly and through Travogue Electronic Travel LLP.

Negatives

• No explicit negative information is disclosed in this routine beneficial ownership report.

Industry Context

StockSavvy.ai notes that insider ownership disclosures like this Schedule 13G provide transparency into the holdings of key executives, which can be a signal of confidence in the company's future, particularly in the competitive online travel industry.

Related Party Transactions

• The filing details the beneficial ownership of Travogue Electronic Travel LLP, where Deep Kalra and his spouse are sole partners, indicating a related party holding.

Stakeholder Impact

• Shareholders: Provides transparency on insider holdings, potentially signaling management's alignment with shareholder interests.

Key Dates

Recommendation

This filing is a routine disclosure of beneficial ownership by an insider and does not contain new information that would fundamentally alter the investment thesis for MakeMyTrip Limited. While a significant insider stake can be a positive signal, it does not warrant a change in recommendation based solely on this filing.

Keywords

MakeMyTrip Limited, MMYT, Deep Kalra, Travogue Electronic Travel LLP, beneficial ownership, Schedule 13G, insider ownership, travel technology, India