Thomas Cook (India) Limited has announced a board meeting scheduled for March 20, 2026, to consider a significant corporate restructuring proposal. The company informed stock exchanges about the upcoming meeting through an official communication dated March 17, 2026.

Board Meeting Details

The Board of Directors will convene on Friday, March 20, 2026, with the primary agenda being the consideration and approval of a corporate restructuring proposal. The meeting aims to streamline the existing capital structure of Thomas Cook (India) Limited.

Trading Window Closure

In accordance with the company's policy on Prevention of Insider Trading, Thomas Cook (India) Limited has implemented a trading window closure for designated persons and their immediate relatives. The trading restrictions are effective from March 18, 2026, and will continue until March 22, 2026, both days inclusive.

Regulatory Compliance

The announcement was made in compliance with Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company submitted the information to both major stock exchanges where its shares are listed.

The communication was signed by Amit J. Parekh, Company Secretary and Compliance Officer, and sent to the listing departments of both BSE Limited and National Stock Exchange of India Limited. The company maintains its registered and corporate office at 11th Floor, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East), Mumbai.

Thomas cook (India) Limited has received board approval for the transfer of equity shares under its Employee Stock Option Plan (ESOP) schemes to eligible employees. The development was communicated to stock exchanges through a regulatory filing under SEBI's listing obligations framework.

Board Committee Authorization

The company's Nomination and Remuneration Committee passed a resolution on March 13, 2026, authorizing the transfer of equity shares under two distinct ESOP schemes. The committee acted under the delegation of powers granted by the Board of Directors to facilitate the share transfer process.

ESOP Share Transfer Details

The authorization covers the transfer of equity shares under two separate schemes operated by the company:

Transfer Mechanism

The share transfer will be executed through the Thomas Cook (India) Limited ESOP Trust, with IDBI Trusteeship Services Limited acting as the trustee. The shares will be transferred from the trust's custody to the respective employees based on their entitlements as prescribed under the scheme guidelines.

Regulatory Compliance

The intimation was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with mandatory disclosure requirements. Company Secretary and Compliance Officer Amit J. Parekh signed the regulatory communication on March 14, 2026.

The ESOP share transfer represents the company's commitment to employee participation in equity ownership, allowing eligible employees to exercise their stock options under the established schemes.