Yatra Online signs 7-year MoU with Kanoo Travel for Middle East expansion

Yatra Online has entered into a 7-year Memorandum of Understanding (MoU) with Kanoo Travel to transform enterprise travel across the Middle East. The strategic partnership, signed on July 13, 2026, combines Kanoo Travel's regional leadership with Yatra's enterprise travel and expense management technology, marking Yatra's first significant international expansion into one of the world's fastest-growing business travel markets.

Strategic Partnership Details

The MoU outlines a framework for cooperation between Yatra Online and Kanoo Travel, comprising Kanoo Global Travel Holding Limited and Yusuf Bin Ahmed Kanoo (Holdings) Co. B.S.C. (Closed). The agreement focuses on an outsourcing service arrangement and the provision of a technology platform. The size of the agreement is not quantifiable at this stage, and the transaction is not a related party transaction.

Parameter	Details
Agreement Type	Memorandum of Understanding (MoU)
Partner	Kanoo Travel (Kanoo Global Travel Holding Limited & Yusuf Bin Ahmed Kanoo (Holdings) Co. B.S.C.)
Focus Area	Corporate Travel in the Middle East
Term	7 Years
Yatra's Role	Supply of Technology Platform & Setup of Operations Centre

Key Commitments Under the MoU

Under the terms of the agreement, Kanoo Travel will deploy Yatra's integrated enterprise travel and expense management platform. This platform enables a seamless experience across travel booking, policy management, expense management, automation, and analytics. Complementing the technology, Yatra will establish a Kanoo Travel Global Operations Centre to provide 24x7 multilingual operational support, working alongside Kanoo Travel's customer-facing teams across the Middle East.

Siddhartha Gupta, Chief Executive Officer of Yatra Online Limited, stated that the partnership demonstrates the ability of world-class enterprise technology built in India to serve customers globally. Mohamed Al Kooheji, Group Chief Executive Officer of Yusuf Bin Ahmed Kanoo Group, highlighted that the integrated solution strengthens their value proposition to corporate customers.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.17%	-4.25%	-5.78%	-28.64%	+19.27%	-21.72%

Yatra Online , India's leading corporate travel services provider and one of India's leading online travel companies, received a notification from the Nasdaq Stock Market on June 25, 2026, regarding its failure to maintain the minimum closing bid price of $1.00 per share. The notification, issued by the Listing Qualifications Department, covers the period from May 12, 2026, to June 24, 2026. This development does not result in the immediate delisting of the company's ordinary shares from The Nasdaq Capital Market.

Compliance Timeline and Requirements

Under Nasdaq Listing Rule 5550(a)(2), the company has been provided an initial compliance period of 180 calendar days, concluding on December 22, 2026. To regain compliance, the closing bid price of the company's ordinary shares must close at $1.00 or more per share for a minimum of 10 consecutive business days during this period. Upon meeting this condition, Nasdaq staff will provide written notification confirming compliance.

Event	Date
Notification received	June 25, 2026
Non-compliance period	May 12, 2026 – June 24, 2026
Initial compliance deadline	December 22, 2026
Minimum bid price requirement	$1.00 per share

Potential Remedial Actions

If the company fails to regain compliance by the December 22, 2026 deadline, it may be eligible for an additional 180-calendar day compliance period. Qualification for this extension requires the company to meet all other initial listing standards for The Nasdaq Capital Market, excluding the Minimum Bid Price Requirement, and satisfy the continued listing requirement for the market value of publicly held shares. The company would need to notify Nasdaq of its intention to cure the deficiency, which could involve effecting a reverse stock split.

Yatra Online stated it intends to monitor its share price and consider available options to regain compliance. However, the company cautioned there is no assurance it will successfully regain compliance, secure a second compliance period, or maintain adherence to other Nasdaq listing requirements.