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Yatra Online, Inc. Receives Nasdaq Notification Letter

YTRA
  • Yatra Online, Inc. received a letter from the Nasdaq Listing Qualifications Department on June 25, 2026, notifying the company of non-compliance with the $1.00 minimum closing bid price requirement.
  • The non-compliance period covered May 12, 2026, to June 24, 2026.
  • The notification does not result in immediate delisting from the Nasdaq Capital Market.
  • The company has an initial 180-calendar-day compliance period until December 22, 2026, to regain compliance.
  • Compliance requires the ordinary shares to close at $1.00 or more per share for a minimum of 10 consecutive business days.
  • If compliance is not met by the compliance date, the company may qualify for an additional 180-day period by meeting other listing standards and providing written notice of an intent to cure the deficiency, potentially via a reverse stock split.
  • The company intends to monitor the share price and may consider a reverse stock split to regain compliance, though there is no assurance of success.
  • Yatra India operates as the largest corporate travel services provider in India with over 1,300 large corporate clients and approximately 59,000 SME customers.
  • Yatra India is the third largest online travel agency in India by gross booking revenue 8 operating revenue for Fiscal 2023.
  • The company maintains an inventory of approximately 80,000 hotels in India across 1,500 cities, plus over 2.5 million hotels globally.