Please find enclosed an intimation in relation to resignation of the statutory auditors of Globe All India Services Limited, material subsidiary, in connection with alignment of the statutory auditors with that of Yatra Online Limited, to bring synergy and ensure consistency of the audit process.
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Yatra Online Limited has informed the stock exchanges that M/s J K V S & Co, the Statutory Auditors of its material subsidiary Globe All India Services Limited, have resigned effective August 13, 2025. The auditor was originally appointed in September 2022 for a five-year term covering FY2022-23 to FY2026-27. The resignation is part of an effort to align the subsidiary's auditors with those of Yatra Online, following Yatra's acquisition of Globe, to bring in synergy and ensure consistency of the audit process at the group level. The auditor confirmed they have completed the limited review of financial results for the quarter ended June 30, 2025, and stated there are no other concerns or material reasons behind the resignation.
This is a routine post-acquisition housekeeping change and not indicative of any governance or financial concerns. Shareholders are unlikely to see any negative impact on the stock, as the move is intended to streamline group-level auditing rather than address any dispute or issue.