Yatra Online Limited has informed the Exchange regarding Appointment of Mr Roshan Chanaka Nirmal Mendis as Non- Executive Director of the company w.e.f. September 26, 2025.
YATRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Yatra Online has appointed Mr. Roshan Chanaka Nirmal Mendis as an Additional, Non-Executive, Non-Independent Director effective September 26, 2025, subject to shareholder approval. Mr. Mendis is the Chief Commercial Officer and Executive Vice President at Sabre Corporation (Yatra's technology partner) and also currently serves on the board of Yatra's US-listed parent, Yatra Online, Inc. (NASDAQ: YTRA). The appointment comes after NSE and BSE levied a total fine of Rs. 4,18,900 (Rs. 3,55,000 + 18% GST) on the company for 71 days of non-compliance with SEBI Regulation 17(1) regarding board composition for the quarter ended June 30, 2025. The company has already paid the fine, and with this new appointment, the board is now back in compliance with listing regulations.
Minor positive for governance — the appointment resolves the board composition non-compliance and avoids potential escalation to Z-category trading or promoter shareholding freeze. Shareholders should note the fine was a direct result of inadequate board composition, and future compliance will be watched closely.