Monitoring Agency Report

CIN NO: L63040DL2005PLC463461 August 12, 2026 Listing Manager, Manager - CRD National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal Street, Mumbai – 400051, India Mumbai – 400001, India Symbol: YATRA Scrip Code: 543992 ISIN No.: INE0JR601024 ISIN No.: INE0JR601024 Sub: Monitoring Agency Report for the quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report dated August 12, 2026 issued by ICRA Limited (Monitoring Agency), for the quarter ended June 30, 2026 in respect of the utilization of proceeds of the Initial Public Offer of the Company. The above report will be made available on the website of the Company at www.yatra.com. This is for your information and records. Thanking You, Yours sincerely, For Yatra Online Limited Jyoti Chawla Company Secretary and Compliance Officer M. No. A20392 Encl: As above Date: August 12, 2026 Mr. Anuj Kumar Sethi Chief Financial Officer Yatra Online Limited Gulf Adiba, 4th floor – Plot No.272 Udyog Vihar Phase-II Sector 20 Gurugram Haryana- 122008 Dear Sir, Re: Final Monitoring Agency report of Yatra Online Limited for Q1 FY2027 Please refer to agreement dated September 07, 2023, appointing ICRA Limited as the Monitoring Agency (MA) for Yatra Online Limited IPO Issue. After due consideration, ICRA has prepared the attached final Monitoring Agency report as per SEBI (Issue of Capital and Disclosure Requirements) Regulations for Q1 FY2027. Please note that the Monitoring Agency report does not constitute a commentary on the quality of the objects of the issue, appropriateness or reasonableness of costs or spending by Yatra Online Limited against any objects / heads or assurance on outcome of such spending. We thank you for your kind cooperation extended during the course of Q1 FY2027. Should you require any clarification, please do not hesitate to get in touch with us. We look forward to your communication and assure you of our best services. With kind regards For ICRA Limited Parul Goyal Narang Vice President & Head Process-Excellence parul.goyal@icraindia.com ICRA Limited Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. +91-11-23357940-41 Building No. 8, 2nd floor, Tower A, DLF Cyber City, Phase II, Gurugram-122002 www.icra.in info@icraindia.com +91-93547-38909 +0124-4545300 CIN: L74999DL1991PLC042749 June 2026 MONITORING AGENCY REPORT Name of the Issuer: Yatra Online Limited For quarter ended: June 30 ,2026 Name of the Monitoring Agency (MA): ICRA Limited (a) Deviation from the objects of the issue: No deviation - the utilization of the issuance proceeds is in line with the objects of the issue. (b) Range of deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that we do not perceive any conflict of interest in such relationship/ interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Parul Goyal Narang Vice President & Head-Process Excellence Analyst: Dhwani Vinchhi QA: Parul Narang Sensitivity Label : Public June 2026 1. Issuer Details Name of the Issuer: Yatra Online Limited Name(s) of the promoters: Promoters THCL Travel Holding Cyprus Limited Asia Consolidated Dmc Pte Limited Source: BSE Industry/ sector to which it belongs: Online Travel Arrangement (OTA). 2. Issue Details Issue Period: Opening date- September 15, 2023 Closing date- September 20, 2023 Type of Issue: Initial Public Offer Type of specified securities: Equity shares IPO Grading, if any: No credit rating agency registered with SEBI has been appointed in respect of obtaining grading for the offer. Issue Size (Rs. Crore): INR 775.000 Crore With OFS portion: INR 775.000 Crore; Excluding OFS portion: INR 602.000 Crore. Net proceeds as per prospectus: INR 570.097 Crore (Excluding Issue Related Expenses) Sensitivity Label : Public June 2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, Comments of certifications considered Comments of the Monitoring the Issuer’s Particulars Reply by the Monitoring Agency Board of Agency for the Directors preparation of report -Statutory Auditor Whether all utilization is as per Certificate the disclosures in the Offer Yes -Confirmation from No deviation observed - Document? management -Bank statements Whether shareholder approval has been obtained in case of Not As confirmed by the material deviations# from No comments - Applicable Issuer’s management expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the No As confirmed by the No comments - issue has changed? Issuer’s management Is there any major deviation observed over the earlier No No deviation observed. No comments - monitoring agency reports? Whether all Government/ statutory approvals related to Not As confirmed by the No comments - the object(s) have been Applicable Issuer’s management obtained? Whether all arrangements pertaining to technical Not As confirmed by the No comments - assistance/ collaboration are in Applicable Issuer’s management operation? Are there any favorable events As understood from the Issuer’s improving the viability of these No As confirmed by the - management object(s)? Issuer’s management Are there any unfavorable As understood from the Issuer’s events affecting the viability of No As confirmed by the - management the object(s)? Issuer’s management Is there any other relevant information that may materially As understood from the Issuer’s No As confirmed by the - affect the decision making of the management Issuer’s management investors? # Where material deviation is defined to mean: (a) Deviation in the objects or purposes for which the funds had been raised. (b) Deviation in the amount of funds utilized by more than 10% of the amount specified in [Showing first 8,000 characters — download PDF for full document]