# EDGAR Filing Document

**Accession Number:** 0001516899
**File Stem:** 0001493152-25-021899
**Filing Date:** 2025-11
**Character Count:** 15714
**Document Hash:** 83db8c3240bef8fe0491aafacf35e38b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-021899.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001493152-25-021899

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251111

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yatra Online, Inc.
- **CENTRAL INDEX KEY:** 0001516899
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRANSPORTATION SERVICES [4700]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 980484894
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37968
- **FILM NUMBER:** 251472594

**BUSINESS ADDRESS:**
- **STREET 1:** GULF ADIBA, PLOT NO. 272, 04TH FLOOR
- **STREET 2:** UDYOG VIHAR, PHASE-II, SECTOR-20
- **CITY:** GURGAON
- **STATE:** K7
- **ZIP:** 122008
- **BUSINESS PHONE:** 650-843-5214

**MAIL ADDRESS:**
- **STREET 1:** GULF ADIBA, PLOT NO. 272, 04TH FLOOR
- **STREET 2:** UDYOG VIHAR, PHASE-II, SECTOR-20
- **CITY:** GURGAON
- **STATE:** K7
- **ZIP:** 122008

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**Report of Foreign Private Issuer**

**Pursuant to Rule 13a-16 or 15d-16**

**under the Securities Exchange Act of 1934**

**November 11, 2025**

**Commission File Number: 001-37968**

**YATRA ONLINE, INC.**

**Gulf Adiba, Plot No. 272, 4th Floor, Udyog Vihar, Phase-II, Sector-20, Gurugram-122008, Haryana**

**India**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

**Amendment to MAK Cooperation Agreement**

On November 11, 2025, Yatra Online, Inc. (the "Company") entered into the Third Amendment to the Cooperation Agreement ("Third Amendment") amending the Cooperation Agreement dated July 17, 2022 with MAK Capital One L.L.C. and MAK CAPITAL FUND LP, as earlier amended by the First Amendment dated August 29, 2023 and Second Amendment Dated October 16, 2024 (as amended, the "MAK Cooperation Agreement"). The Third Amendment, among other things, extends the Standstill Period (as defined in the MAK Cooperation Agreement) to the period commencing on November, 11 2025, and ending on the date that is the earlier to occur of (i) 30 calendar days prior to the date of the Company's 2026 annual general meeting or (ii) 60 calendar days following the resignation of the Investor Group Designee (as defined in the MAK Cooperation Agreement).

The foregoing description of the Third Amendment is only a summary and is qualified in its entirety by reference to the Third Amendment attached hereto as Exhibit 99.1, which is incorporated herein by reference.

**Exhibit Index**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Third Amendment to the Cooperation Agreement, dated November 11, 2025 between Yatra Online, Inc. and MAK Capital One L.L.C. and MAK CAPITAL FUND LP](ex99-1.htm) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **YATRA ONLINE, INC.** | **YATRA ONLINE, INC.** |
| Date: November 12, 2025 | By: | */s/ Dhruv Shringi* |
|  |  | Dhruv Shringi |
|  |  | Chief Executive Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**THIRD AMENDMENT TO THE COOPERATION AGREEMENT**

This Third Amendment to the Cooperation Agreement (this "**Amendment**"), dated November 11, 2025 is by and among Yatra Online, Inc., a Cayman Islands exempted company (the "**Company**") and the entities and individuals set forth on the signatures pages hereto (collectively with each of their respective affiliates, the "**Investor Group**"). The Cooperation Agreement, dated July 17, 2022, was entered into by and among the Company and the Investor Group and was amended by the First Amendment to the Cooperation Agreement dated August 29, 2023 and Second Amendment to the Cooperation Agreement dated October 16, 2024 (as amended, the "**Cooperation Agreement**"). Capitalized terms used and not otherwise defined in this Amendment shall have the meanings ascribed to them in the Cooperation Agreement.

Pursuant to Section 17 of the Cooperation Agreement, the Cooperation Agreement may be amended, modified or waived only by an agreement in writing signed by the Company and the Investor Group.

In consideration of the foregoing and the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Investor Group and the Company, intending to be legally bound hereby, agree as follows:

**1.**  **<u>Amendment of Section 11(a) of the Cooperation Agreement</u>** . Section 11(a) of the Cooperation Agreement
 is amended and replaced in its entirety by the following language and all references to the
 defined term "Standstill Period" in the Cooperation Agreement shall take account
 of such amendment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as otherwise provided in this Section 11, this Agreement shall remain in full force and effect for the period (the "**Standstill Period**") commencing on the date of this Agreement and ending on the date that is the earlier to occur of (i) 30 calendar days prior to the date of the 2026 Annual General Meeting or (ii) 60 calendar days following the resignation of the Investor Group Designee; provided, however, that, without affecting any other right or remedy available to it, a non-breaching party may terminate this Agreement prior to the expiration of the Standstill Period where the other party commits a material breach of any term of this Agreement and (if such breach is remediable) fails to remedy that breach within 15 days of receipt of written notice of such determination.

**2.**  **<u>Amendment of Exhibits to the Cooperation Agreement to add Exhibit B</u>** . The Exhibits to the Cooperation
 Agreement are amended and updated as a new <u>Exhibit B</u> in the form attached to this
 Amendment.

**3.**  **<u>Resignation Letter</u>** . Notwithstanding anything contained in the Cooperation Agreement to the contrary,
 simultaneous with the execution and delivery of this Amendment, the Investor Group Designee,
 Michael A. Kaufman, has executed and delivered to the Company an irrevocable conditional
 letter of resignation from the Board in the form attached hereto as <u>Exhibit B</u> (Resignation
 Letter (Termination)) to this Amendment.

**4.**  **<u>No Other Modifications</u>** . Except as provided in Sections 1, 2 and 3 of this Amendment,
 no other modification of the Cooperation Agreement is intended to be effected by this Amendment
 and the Cooperation Agreement, as amended by this Amendment, shall remain in full force and
 effect.

**5.**  **<u>Representations and Warranties of the Company</u>** . The Company hereby represents and warrants that it
 has full power and authority to execute, deliver and carry out the terms and provisions of
 this Amendment and to consummate the transactions contemplated hereby, and that this Amendment
 has been duly and validly authorized, executed and delivered by the Company, constitutes
 a valid and binding obligation and agreement of the Company and is enforceable against the
 Company in accordance with its terms. The Company represents and warrants that the execution
 of this Amendment, the consummation of any of the transactions contemplated hereby, and the
 fulfillment of the terms hereof, in each case in accordance with the terms hereof, will not
 conflict with, or result in a breach or violation of the organizational documents of the
 Company as currently in effect, and that the execution, delivery and performance of this
 Amendment by the Company does not and will not violate or conflict with (i) any law, rule,
 regulation, order, judgment or decree applicable to the Company or (ii) result in any breach
 or violation of or constitute a default (or an event which with notice or lapse of time or
 both could constitute such a breach, violation or default) under or pursuant to, or result
 in the loss of a material benefit under, or give any right of termination, amendment, acceleration
 or cancellation of, any organizational document, agreement, contract, commitment, understanding
 or arrangement to which the Company is a party or by which it is bound.

**6.**  **<u>Representations and Warranties of the Investor Group</u>** . Each member of the Investor Group represents
 and warrants that it has full power and authority to execute, deliver and carry out the terms
 and provisions of this Amendment and to consummate the transactions contemplated hereby,
 and that this Amendment has been duly and validly executed and delivered by it, constitutes
 a valid and binding obligation and agreement of it and is enforceable against it in accordance
 with its terms. Each member of the Investor Group represents and warrants that the execution
 of this Amendment, the consummation of any of the transactions contemplated hereby, and the
 fulfillment of the terms hereof, in each case in accordance with the terms hereof, will not
 conflict with, or result in a breach or violation of any organizational documents of it as
 currently in effect, and that the execution, delivery and performance of this Amendment by
 it does not and will not violate or conflict with (i) any law, rule, regulation, order, judgment
 or decree applicable to it or (ii) result in any breach or violation of or constitute a default
 (or an event which with notice or lapse of time or both could constitute such a breach, violation
 or default) under or pursuant to, or result in the loss of a material benefit under, or give
 any right of termination, amendment, acceleration or cancellation of, any organizational
 document, agreement, contract, commitment, understanding or arrangement to which it is a
 party or by which it is bound.

**7.**  **<u>Governing Law; Jurisdiction</u>** . This Amendment and any dispute, claim, suit, action or proceeding
 of whatever nature arising out of or in any way related to this Amendment (including any
 non-contractual disputes or claims) shall be governed by, and shall be construed in accordance
 with, the laws of the Cayman Islands. The courts of the Cayman Islands shall have exclusive
 jurisdiction to hear and determine any claim, suit, action or proceeding, and to settle any
 disputes, which may arise out of or are in any way related to or in connection with this
 Amendment, and, for such purposes, each party submits to the non-exclusive jurisdiction of
 such courts.

**8.**  **<u>Representation by Counsel</u>** . Each of the parties acknowledges that it has been represented by counsel
 of its choice throughout all negotiations that have preceded the execution of this Amendment,
 and that it has executed this Amendment with the advice of such counsel. Each party and its
 counsel cooperated and participated in the drafting and preparation of this Amendment, and
 any and all drafts relating thereto exchanged among the parties will be deemed the work product
 of all of the parties and may not be construed against any party by reason of its drafting
 or preparation. Accordingly, any rule of law or any legal decision that would require interpretation
 of any ambiguities in this Amendment against any party that drafted or prepared it is of
 no application and is hereby expressly waived by each of the parties, and any controversy
 over interpretations of this Amendment will be decided without regard to events of drafting
 or preparation.

**9.**  **<u>Counterparts</u>** .
 This Amendment may be executed in one or more textually identical counterparts, each of which
 shall be deemed an original, but all of which together shall constitute one and the same
 agreement. Signatures to this Amendment transmitted by facsimile transmission, by electronic
 mail in "portable document format" (".pdf') form, or by any other
 electronic means intended to preserve the original graphic and pictorial appearance of a
 document, shall have the same effect as physical delivery of the paper document bearing the
 original signature. Sections 8 and 19(3) of the Electronic Transactions Act (As Revised)
 of the Cayman Islands shall not apply to this Amendment.

**10.**  **<u>No Third-Party Beneficiaries</u>** . A person who is not a party to this Amendment has no right
 under the Contracts (Rights of Third Parties) Act (As Revised) of the Cayman Islands to enforce
 any term of this Amendment.

**11.**  **<u>Entire Understanding; Amendment</u>** . This Amendment, the Cooperation Agreement and the Confidentiality
 Agreement contain the entire agreement between the parties with respect to the subject matter
 hereof and supersedes any and all prior and contemporaneous agreements, memoranda, arrangements
 and understandings, both written and oral, between the parties, or any of them, with respect
 to the subject matter of this Amendment. Any amendment or modification of the terms and conditions
 set forth herein or any waiver of such terms and conditions must be agreed to in a writing
 signed by each party.

[*Signature page follows*]

IN WITNESS WHEREOF, each of the parties has executed and delivered this Amendment, or caused the same to be executed and delivered by its duly authorized representative, as a deed on the date first above written.

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| | |
|:---|:---|
| **THE COMPANY:** | **THE COMPANY:** |
| YATRA ONLINE, INC. | YATRA ONLINE, INC. |
| By: | */s/ Dhruv Shringi* |
|  | Dhruv Shringi |
|  | Chief Executive Officer and Director |

---

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| | |
|:---|:---|
| **INVESTOR GROUP** | **INVESTOR GROUP** |
| MAK CAPITAL ONE L.L.C. | MAK CAPITAL ONE L.L.C. |
| By: | */s/ Michael A. Kaufman* |
|  | Michael A. Kaufman |
|  | Managing Member |
| MAK CAPITAL FUND LP | MAK CAPITAL FUND LP |
| By: | MAK GP L.L.C., General Partner |
| By: | */s/ Michael A. Kaufman* |
|  | Michael A. Kaufman |
|  | Managing Member |
| MICHAEL A. KAUFMAN | MICHAEL A. KAUFMAN |

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SIGNATURE PAGE TO THIRD AMENDMENT TO THE COOPERATION AGREEMENT

**EXHIBIT B**

**Form of Resignation Letter (Termination)**

[●], 2025

Board of Directors Yatra Online, Inc.

Gulf Adiba, Plot No. 272

4th Floor, Udyog Vihar, Phase-II

Sector-20, Gurugram-122008, Haryana, India

**Re: Resignation**

Ladies and Gentlemen:

Reference is made to that certain Cooperation Agreement, dated July 17, 2022, as amended by the First Amendment, Second Amendment and Third Amendment to the Cooperation Agreement (as amended, the "**Agreement**"), by and among Yatra Online, Inc., a Cayman Islands exempted company (the "**Company**"), and the entities and individuals set forth on the signature pages thereto. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement.

I hereby irrevocably offer to resign from my position as a director of the Company and from any and all committees of the Board on which I serve, subject to acceptance of such resignation by the Board, if and as required pursuant to Section 1(g) of the Agreement.

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| By: |  |
| Name: | Michael A. Kaufman |

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