Yatra Online Limited (YOL), a leading online travel company, has received approval from the National Company Law Tribunal (NCLT) Mumbai Bench for its Composite Scheme of Amalgamation with six of its subsidiary companies. This strategic move aims to simplify the company's operational structure and enhance overall efficiency.

Key Details of the Merger

The approved scheme involves the merger of the following wholly-owned subsidiaries with Yatra Online Limited:

1. Yatra TG Stays Private Limited
2. Yatra Hotel Solutions Private Limited
3. Yatra For Business Private Limited
4. Yatra Corporate Hotel Solutions Private Limited
5. Travel.Co.In Private Limited
6. Yatra Online Freight Services Private Limited

Rationale and Benefits

The amalgamation is expected to bring several advantages to Yatra Online Limited:

• Operational Efficiency: By integrating the businesses of the transferor companies, YOL aims to carry out operations more effectively and derive maximum value.
• Cost Reduction: The merger is anticipated to result in reduced overheads, costs, and expenses through the pooling and more effective utilization of combined resources.
• Simplified Structure: The consolidation will lead to a more streamlined corporate structure, facilitating efficient capital utilization and creating a stronger base for future growth.
• Synergy Creation: The amalgamation is expected to enable greater realization of the potential of the businesses when combined under Yatra Online Limited.

Implementation Details

• Appointed Date: The scheme will be effective from April 1, 2024.
• Share Issuance: As the subsidiaries are wholly owned by Yatra Online Limited, no new securities will be issued as part of the amalgamation.
• Regulatory Compliance: The company has undertaken to comply with all necessary regulations, including those related to income tax, GST, and other applicable laws.

Financial Implications

It's worth noting that two of the merging entities, Yatra Corporate Hotel Solutions Private Limited and Yatra Online Freight Services Private Limited, reported negative net worth as of March 31, 2024. However, the company has assured that these entities are operating on a going concern basis, supported by their respective business plans and financial backing from the parent company.

Conclusion

The NCLT's approval marks a significant step for Yatra Online Limited in its efforts to optimize its corporate structure. As the travel industry continues to evolve, this consolidation is expected to position Yatra more competitively in the market, potentially leading to improved operational performance and shareholder value in the long term.

Investors and stakeholders should note that the full impact of this merger will be realized over time as the company integrates its operations and leverages the synergies created by this corporate action.

Yatra Online Limited (NSE: YATRA, BSE: 543992), India's leading online travel services provider, has announced an exclusive festive shareholder rewards program, offering substantial discounts on flights and hotels. The initiative, valid until November 30, 2025, aims to make travel more affordable and rewarding for Yatra's shareholders.

Key Highlights of the Shareholder Rewards Program

• Domestic Flights: Flat 10% off with a maximum discount of INR 1,800.00
• International Flights: Flat 7% off with a maximum discount of INR 5,000.00
• Domestic Hotels: Flat 18% off with a maximum discount of INR 5,000.00

The discounts are applicable to shareholders on record as of September 19, 2025, and can be availed through exclusive promocodes on the Yatra website and mobile app.

Terms and Conditions

• Offer valid only on bookings made at www.yatra.com or through the Yatra App
• Not applicable on affiliate marketing channels
• Cannot be combined with other offers
• Excludes convenience fees and ancillary charges
• Valid once per product during the offer period

Management's Perspective

Dhruv Shringi, Whole-Time Director & CEO of Yatra, commented on the initiative: "This festive season, we wanted to express our gratitude in a meaningful way by making travel more rewarding for the shareholders. With the specially curated discounts across flights and hotels, our shareholders can enjoy memorable journeys with family and friends, while also experiencing the breadth of Yatra's travel services."

About Yatra Online Limited

Yatra Online Limited is a prominent player in India's travel industry, serving both leisure and business travelers. The company boasts:

• Over 1,300 large corporate customers
• Approximately 59,000 registered SME customers
• Third-largest online travel company in India among key OTA players
• Inventory of approximately 80,000 hotels and homestays in about 1,500 cities across India
• Access to more than 2.5 million hotels worldwide

This shareholder rewards program underscores Yatra's commitment to enhancing value for its investors while promoting travel during the festive season. As the tourism industry continues to recover, such initiatives are likely to boost customer engagement and loyalty among Yatra's shareholder base.

Shareholders interested in taking advantage of these exclusive discounts are encouraged to check their eligibility and book their travel through Yatra's official platforms before the offer expires on November 30, 2025.