Yatra Online Limited has informed the Exchange regarding Appointment of M/s. Chandrasekaran Associates as Secretarial Auditors of the Company for the term of five consecutive years, subject to the approval of the Shareholders of the Company.
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Yatra Online's board, at its August 8, 2025 meeting, approved unaudited Q1 FY26 (quarter ended June 30, 2025) results along with auditor appointments. On a consolidated basis, revenue from operations more than doubled to ₹2,098.14 million (vs. ₹1,008.07 million in Q1 FY25), and net profit jumped to ₹159.97 million (₹1.02 EPS) from ₹40.42 million (₹0.26 EPS) year-on-year. The board re-appointed Ernst & Young LLP as internal auditor for FY 2025-26 and appointed Chandrasekaran Associates as secretarial auditor for five consecutive years (FY 2025-26 to FY 2029-30), subject to shareholder approval. The statutory auditor (MSKA & Associates) flagged SEBI and NSE queries on classification of ₹3,391.44 million of IPO proceeds used as deposits/advances for airline tickets and hotel bookings, with management maintaining the classification is correct based on legal opinions. The NCLT allowed the second motion for the amalgamation of Yatra India with six wholly-owned subsidiaries on July 10, 2025, pending further approvals.
Strong revenue and profit growth in Q1 FY26 is a positive signal for shareholders, while the SEBI/NSE queries on IPO fund utilization remain a governance overhang to monitor. The secretarial and internal auditor appointments are largely routine compliance matters and should not materially affect the stock.