Yatra Online has taken significant steps to strengthen its board composition and address regulatory compliance concerns. The company has announced the appointment of a new Non-Executive Director and settled fines related to previous board composition violations.

New Director Appointment

The Board of Directors of Yatra Online, in a meeting held on September 24, 2025, approved the appointment of Mr. Roshan Chanaka Nirmal Mendis as an Additional, Non-Executive, Non-Independent Director. Mr. Mendis' appointment will be effective from September 26, 2025, subject to shareholder approval. He will serve on the board in a capacity that is liable to retire by rotation.

Profile of the New Director

Mr. Mendis brings a wealth of experience to Yatra Online's board. He currently serves as the Chief Commercial Officer and Executive Vice President at Sabre Corporation, where he oversees global sales, account management, commercial operations, business development, and customer support for Sabre's customer portfolio. His experience spans both travel commerce and Airline IT businesses.

Throughout his career, Mr. Mendis has held several key positions, including:

• Chief Commercial Officer for Sabre's global travel commerce (GDS) business
• Leader of the successful acquisition and integration of Abacus into Sabre
• President of Travelocity.com and Zuji.com businesses

Mr. Mendis also serves as the non-executive chairman on the board of Conferma, a joint venture between Sabre and Mastercard Inc. Additionally, he is an independent board member of Yatra Online, Inc.

Resolution of Board Composition Issues

The appointment of Mr. Mendis comes in the wake of notices received by Yatra Online from the National Stock Exchange of India Limited (NSE) and BSE Limited regarding non-compliance with Regulation 17(1) of the SEBI Listing Regulations. This regulation pertains to the composition of the Board of Directors.

The company had been fined for non-compliance up to the quarter ending June 30, 2025. With the current appointment, Yatra Online has stated that its Board of Directors' composition is now in compliance with the applicable regulations.

Fine Payment and Future Compliance

Yatra Online has confirmed that it has paid the relevant fines levied by both NSE and BSE within the prescribed timeline. The total fine amount, including GST, was ₹4,18,900.00. The company's board has advised management to ensure timely compliance in the future to avoid similar issues.

Management's Statement

Dhruv Shringi, Whole-Time Director and CEO of Yatra Online, stated, "We are pleased to welcome Mr. Roshan Mendis to our board. His extensive experience in the travel industry will be invaluable as we continue to grow and innovate. We have also taken steps to address the regulatory compliance issues and are committed to maintaining the highest standards of corporate governance."

The appointment of Mr. Mendis and the resolution of the board composition issues mark important steps for Yatra Online in strengthening its corporate governance and compliance with regulatory requirements. These actions demonstrate the company's commitment to addressing regulatory concerns and enhancing its board expertise in the competitive online travel industry.

Yatra Online , a prominent player in the Indian travel industry, has announced a significant change in its leadership team. Darpan Batra, who has served the company for approximately 14 years, has tendered his resignation from his roles as Company Secretary, Compliance Officer, and Key Managerial Personnel.

Resignation Details

According to the company's filing with the stock exchanges, Batra's resignation will take effect from the close of business hours on September 22, 2025. The decision was communicated through letters dated August 14, 2025, and September 12, 2025, citing personal reasons and his desire to pursue other growth opportunities outside the company.

Company's Response

Yatra Online has accepted Batra's resignation and expressed its appreciation for his contributions during his long tenure. In an official statement, the company said, "The Company places on record its sincere appreciation for the remarkable contribution made by Mr. Batra during his tenure of about 14 years with the Company and wishes him the very best in his future endeavours."

Regulatory Compliance

The announcement was made in compliance with Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The company has provided the necessary details as required under Schedule III - Para A(7C) of Part A of the Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Management Transition

While the company has not yet announced a successor for Batra's position, the resignation was acknowledged by Dhruv Shringi, Whole-Time Director cum CEO of Yatra Online Limited. The management will likely address the transition plan in due course.

Upcoming Investor Meeting

In a separate announcement, Yatra Online also informed the exchanges about an upcoming meeting with investors. The company's officials are scheduled to have a one-on-one virtual meeting with Antique Stock Broking Limited on Wednesday, September 24, 2025. The company emphasized that the discussion will be based on publicly available information, and no unpublished price-sensitive information (UPSI) is intended to be discussed during the interaction.

As Yatra Online navigates this transition in its key management personnel, investors and industry observers will be keen to see how the company maintains its compliance and secretarial functions in the coming months.