Please find enclosed herewith the Annual Secretarial Compliance Report for period ended March 31, 2026.
YATRA · price
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Yatra Online Ltd has filed its Annual Secretarial Compliance Report for FY ended March 31, 2026, reviewed by Chandrasekaran Associates. The report identifies one compliance deviation: the company delayed filling a Board vacancy beyond the mandated 3-month period. When Ms. Neelam Dhawan resigned as Non-Executive Director on January 20, 2025, the company was required to appoint her replacement by April 20, 2025, but only filled the vacancy on September 26, 2025 (158 days later). Both BSE and NSE imposed fines for this Regulation 17(1) violation, which the company paid. Additionally, the statutory auditor of Globe All India Services Limited (material subsidiary) resigned effective August 13, 2025. SEBI also raised queries regarding the company's utilization of IPO proceeds, specifically INR 3,391.44 million in deposits/advances for airline tickets and hotel bookings classified under customer acquisition and retention. The company maintained this classification was proper based on legal opinions obtained.
Minor negative signal - The company incurred regulatory fines for board composition non-compliance, though it has since rectified the issue. SEBI's scrutiny on IPO proceeds utilization adds a compliance watchpoint for investors to monitor.