Yatra Online Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
YATRA · price
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Yatra Online Limited completed a postal ballot via remote e-voting to seek shareholder approval for shifting its registered office from the State of Maharashtra to the National Capital Territory (NCT) of Delhi, along with a corresponding change to the Memorandum of Association. The special resolution was passed with overwhelming support — 13,51,06,320 votes (99.99%) in favour versus just 7,776 votes against, out of 13,51,14,096 valid votes polled (86.11% participation). Promoters (10.11 crore shares) and public institutions (3.39 crore shares) voted 100% in favour, while public non-institutions voted 88.19% in favour. The move still requires approval from the Central Government (Regional Director) before it becomes effective.
This is a routine corporate administrative relocation with no direct impact on the company's operations, financials, or shareholder value. The shift to Delhi may offer better proximity to regulators and policy-making bodies, but is largely an address change and should not materially affect the stock price or business outlook.