Yatra Online (NASDAQ: YTRA) hires director Dhruv Shringi as paid consultant
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Yatra Online, Inc. entered into a Consulting Agreement with board director Dhruv Shringi to provide business continuity and transition services as an independent contractor on a non-exclusive basis.
The agreement is effective retroactively from March 1, 2026 for six months. As compensation, Mr. Shringi will receive $418,998 in total cash, plus reimbursement of actual, reasonably documented out-of-pocket expenses such as travel, meals and entertainment, in line with company policies.
Positive
- None.
Negative
- None.
FAQ
What did Yatra Online, Inc. (YTRA) announce in this Form 6-K?
Yatra Online, Inc. entered into a Consulting Agreement with director Dhruv Shringi. He will provide business continuity and transition consulting services as an independent contractor to the company and its affiliates on a non-exclusive basis, for a defined six-month term.
Who is Dhruv Shringi in relation to Yatra Online, Inc. (YTRA)?
Dhruv Shringi is identified as a director on Yatra Online, Inc.’s board. Under the new Consulting Agreement, he will additionally serve as an independent contractor, providing business continuity and transition services to the company and its affiliates during the agreement term.
What is the term of Dhruv Shringi’s consulting agreement with Yatra Online (YTRA)?
The Consulting Agreement became effective retroactively as of March 1, 2026. It will continue for six months from the Effective Date, establishing a fixed-term engagement for business continuity and transition-related consulting services to the company and its affiliates.
How much will Yatra Online, Inc. (YTRA) pay under the consulting agreement?
Yatra Online, Inc. will pay $418,998 in total cash compensation to Dhruv Shringi for his consulting services. In addition, he will be reimbursed for actual, reasonably documented out-of-pocket expenses, including travel, meals and entertainment, consistent with the company’s expense reimbursement policies.
What type of services will Dhruv Shringi provide to Yatra Online (YTRA)?
Under the Consulting Agreement, Dhruv Shringi will provide consulting services related to business continuity and transition. These services are rendered to Yatra Online, Inc. and its affiliates on a non-exclusive basis, meaning he remains an independent contractor rather than a full-time employee.
Is Dhruv Shringi an employee of Yatra Online, Inc. (YTRA) under this agreement?
No, the agreement specifies that Dhruv Shringi will act as an independent contractor. He provides business continuity and transition consulting services on a non-exclusive basis, separate from his role as a director on the company’s board of directors.
Will Yatra Online (YTRA) reimburse Dhruv Shringi’s expenses under the consulting deal?
Yes, Yatra Online, Inc. will reimburse actual out-of-pocket and reasonably documented expenses incurred by Dhruv Shringi. Covered items include travel, meals and entertainment related to his consulting duties, subject to adherence with the company’s established policies.