Yatra Online Limited has informed the Exchange regarding Board meeting held on September 24, 2025.
YATRA · price
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Yatra Online's Board of Directors, at its meeting on September 24, 2025, approved the appointment of 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 and already serves on the board of Yatra Online Inc. (NASDAQ: YTRA). The Board also noted that NSE and BSE had levied a total fine of Rs. 4,18,900 (inclusive of 18% GST) for non-compliance with Regulation 17(1) regarding board composition during the quarter ended June 30, 2025 (71 days of non-compliance). The fine has already been paid by the company. With Mr. Mendis's appointment, the Board composition is now in compliance with applicable regulations.
The new appointment brings Yatra's board into regulatory compliance and removes the risk of further penalties or potential shifting to the Z category. The fine amount of ~Rs. 4.2 lakh is small and has already been absorbed, so it is unlikely to have any meaningful financial or stock price impact. The addition of a senior executive from Sabre, a key technology partner for Yatra, may be seen positively as strengthening strategic ties.