Yatra Online Bolsters Corporate Governance Team

Yatra Online Limited (ISIN: INE0JR601024) has announced key changes in its corporate governance structure, coupled with addressing recent compliance issues. The travel services provider has taken steps to strengthen its leadership team while navigating regulatory challenges.

New Appointment

Effective December 01, 2025, Ms. Jyoti Chawla will join Yatra Online Limited as the Company Secretary and Compliance Officer. This strategic appointment aims to enhance the company's corporate governance framework and ensure adherence to regulatory requirements.

Compliance Challenges and Resolution

Yatra Online faced regulatory scrutiny for non-compliance with board composition requirements during the quarter ended September 30, 2025. As a result, the company received fines from both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Fine Details:

The company has addressed these issues by:

1. Paying the imposed fines in full
2. Appointing Mr. Roshan Chanaka Nirmal Mendis as Director on September 26, 2025, to achieve compliance with board composition requirements

Impact and Outlook

This series of events underscores the importance of maintaining robust corporate governance practices in the ever-evolving regulatory landscape. Yatra Online's action in addressing the compliance issues and strengthening its leadership team demonstrates its commitment to upholding high standards of corporate governance.

Investors and stakeholders may keep a close eye on the company's future compliance track record and the impact of these changes on its overall governance structure.

Yatra Online Limited , a prominent player in the Indian online travel industry, has successfully concluded its insolvency dispute with the completion of Corporate Insolvency Resolution Process (CIRP) withdrawal for its wholly owned subsidiary TSI Yatra Private Limited. The National Company Law Tribunal (NCLT) has approved the withdrawal application, marking the final resolution of the complex legal battle with Ezeego Travels & Tours Ltd.

NCLT Approves CIRP Withdrawal

Following the settlement agreement reached between the parties, the Interim Resolution Professional (IRP) filed an application under Section 12A of the Insolvency and Bankruptcy Code seeking withdrawal of the CIRP. The NCLT has now allowed this application and permitted withdrawal of both the Company Petition and the CIRP proceedings.

Settlement Details and Financial Impact

The resolution involved a comprehensive settlement package that has now been fully executed:

The settlement amount had been previously accounted for in the company's books, ensuring no additional financial impact on Yatra Online's statements. The refund of the deposit amount provides additional financial relief to the subsidiary.

Background and Resolution Timeline

The dispute originated from a petition filed by the Liquidator of Ezeego Travels & Tours Ltd. (currently under liquidation) against TSI Yatra Private Limited. The case progressed through multiple legal stages:

1. October 15, 2024: NCLT admitted TSI Yatra into CIRP
2. October 18, 2024: NCLAT stayed the admission order conditional on ₹4.03 crore deposit
3. October 23, 2024: TSI complied with deposit requirement
4. November 19, 2025: Settlement agreement executed
5. December 23, 2025: NCLT approved CIRP withdrawal and deposit refunded

Strategic Implications

This successful resolution demonstrates Yatra Online's effective approach to managing subsidiary-related legal challenges. The completion of the withdrawal process removes all regulatory uncertainties and allows TSI Yatra Private Limited to resume normal business operations without any insolvency-related restrictions.

The resolution also showcases the company's commitment to maintaining clean corporate governance and resolving disputes through structured settlement mechanisms. With the legal proceedings now fully concluded and deposits refunded, Yatra Online can focus entirely on its core travel business operations in the competitive online travel market.