Business Context and Reporting Period
This Form 6-K filing by Yatra Online, Inc. ("Yatra") is dated April 19, 2021. The report discloses a material change in the composition of the Company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a corporate governance announcement and does not contain financial performance data.
Material Changes
- Resignation: Sanjay Arora, a nominee director for Terrapin, is resigning from the Board of Directors due to other commitments. His resignation is effective April 30, 2021.
- Appointment: Stephen Schifrin, who has served as a board observer since December 2016, is appointed to replace Mr. Arora. His appointment is effective May 1, 2021.
Management Commentary and Outlook
Dhruv Shringi, Co-Founder and CEO, thanked Mr. Arora for his leadership and tenure on various board committees. Mr. Shringi welcomed Mr. Schifrin, noting his value as an observer since the Company's IPO in December 2016. Management expects the transition to be seamless given Mr. Schifrin's prior involvement.
Key Facts for Investor Verification
- Verify the effective dates of the board transition (April 30, 2021, and May 1, 2021).
- Confirm Stephen Schifrin's background and prior role as a board observer since the 2016 IPO.
- Note that this filing contains no financial results or operational guidance.