Yatra Online, Inc. adopted a Restructuring Committee Charter on June 20, 2024, formalizing efforts to streamline its corporate structure. The primary purpose of this committee is to explore potential strategies for simplifying the organizational structure of the company and its subsidiaries. This initiative aims to achieve greater efficiency and reduce administrative overhead.
The Restructuring Committee is tasked with evaluating various pathways to achieve a more efficient and simplified structure. This includes developing strategic recommendations for the Board that outline potential benefits, associated risks, and challenges. The committee will focus on rationalizing costs and facilitating both organic and inorganic growth for the company.
The committee is authorized to engage with industry experts, legal counsel, regulatory bodies, and other stakeholders to gather insights and ensure compliance with requirements for any proposed structural changes. It will submit progress reports and make presentations to the Board periodically. This structured approach underscores Yatra's commitment to enhancing operational excellence and unlocking shareholder value.
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