Deep Kalra details MakeMyTrip (MMYT) share, RSU and option holdings in Form 3

Rhea-AI Filing Summary

MakeMyTrip Ltd director Deep Kalra has filed an initial ownership report showing his existing equity and incentive holdings in the company. He directly owns 297,342 ordinary shares, par value $0.0005 per share.

He also holds Restricted Stock Units tied to 373,379 underlying ordinary shares at an exercise price of $0.0005. Footnotes state that 338,930 RSUs have vested with expiration dates between March 31, 2028 and June 30, 2031, while 34,449 RSUs remain unvested and are expected to vest between April 1, 2026 and April 1, 2029, with later expiration dates that may be extended at the company’s discretion.

In addition, he holds stock options with an exercise price of $22.29 per share, each tranche covering 235,100 underlying ordinary shares and expiring on August 18 of 2028, 2029 and 2030. The filing reflects holdings as of the reporting date rather than new market purchases or sales.

Insights

Equity compensation analyst

Routine Form 3 showing sizable, but non-transactional, holdings.

This Form 3 lays out Deep Kalra’s baseline ownership in MakeMyTrip Ltd, combining direct shares with a large package of RSUs and options. It does not record any new market trades, so it mainly clarifies his starting position as a director.

The RSU footnote details a staggered vesting and expiration schedule through at least 2033, some of which the company may extend at its discretion. Options at an exercise price of $22.29 with expirations from 2028 to 2030 indicate long-dated incentives whose value will depend on future share prices.

Because there are no buy or sell transactions and only holding entries, the informational impact is limited. Future filings, such as Forms 4 reporting actual exercises or sales, would provide more insight into how this incentive package is used over time.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Deep Kalra

(Last) (First) (Middle)

FLAT NO. 818 B, DLF CAMELLIAS

DLF CITY PHASE-5

(Street)

GURGAON K7 122009

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
MakeMyTrip Ltd [ MMYT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares, Par Value $0.0005 per share	297,342	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	(1)	Ordinary Shares	373,379	$0.0005	D
Stock Options (Right to Buy)	08/19/2020	08/18/2028(2)	Ordinary Shares	235,100	$22.29	D
Stock Options (Right to Buy)	08/19/2021	08/18/2029(2)	Ordinary Shares	235,100	$22.29	D
Stock Options (Right to Buy)	08/19/2022	08/18/2030(2)	Ordinary Shares	235,100	$22.29	D

Explanation of Responses:

1. As of the reporting date, a total of 338,930 Restricted Stock Units (RSUs) have vested, with expiration dates falling between March 31, 2028 and June 30, 2031, unless extended at the sole discretion of the Company. Additionally, 34,449 RSUs remain unvested as of the reporting date and are expected to vest between April 1, 2026 and April 1, 2029, with corresponding expiration dates ranging from March 31, 2030 to March 31, 2033, subject to extension at the sole discretion of the Company.

2. The expiration date may be extended at the sole discretion of the Company.

	/s/ Deep Kalra	03/17/2026
	** Signature of Reporting Person	Date
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