Thomas Cook (India) Limited Authorises Transfer of 17,098 Equity Shares Under ESOP Schemes

Thomas Cook (India) Limited 's Nomination and Remuneration Committee of the Board of Directors, vide its resolution dated May 12, 2026, approved the transfer of a total of 17,098 equity shares of Re. 1/- each to eligible employees. The authorisation was granted pursuant to the delegation of power by the Board of Directors and follows the exercise of stock options by eligible employees under two distinct Employee Stock Option Plan (ESOP) schemes.

ESOP Share Transfer Details

The approved transfer is split across two schemes, as outlined below:

Scheme:	Equity Shares Authorised
Thomas Cook ESOP Scheme – EXECOM 2018	10,388
Thomas Cook ESOP Scheme – Management 2018	6,710
Total Shares:	17,098

Transfer Mechanism and Trustee

The Thomas Cook (India) Limited ESOP Trust ('ESOP Trust'), acting through its Trustee, IDBI Trusteeship Services Limited, has been authorised to transfer the shares from its custody to the respective employees in the manner prescribed. The transfers are being made as per the entitlement of each eligible employee who exercised their options under the respective schemes.

Regulatory Disclosure

This intimation has been made to both BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Amit J. Parekh, Company Secretary & Compliance Officer of Thomas Cook (India) Limited, on May 12, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.58%	-4.97%	-8.56%	-38.70%	-34.03%	+100.93%

Thomas Cook (India) Limited has received a partial relief from the Appellate Tribunal Under SAFEMA at New Delhi, which has reduced the aggregate penalties levied against the company and its officers in connection with violations under the Foreign Exchange Management Act, 1999 (FEMA). The company received a copy of the order on May 11, 2026, pursuant to its earlier intimations dated July 23, 2024 and April 23, 2025. The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tribunal Order: Key Details

The Appellate Tribunal Under SAFEMA partially allowed the appeals filed by Thomas Cook India and its officers, resulting in a meaningful reduction in the aggregate penalty amount. The order covers alleged contraventions under Section 10(4), Section 10(5), and Section 3(a) of FEMA. The following table summarises the key particulars of the regulatory action:

Parameter:	Details
Authority:	Appellate Tribunal Under SAFEMA, New Delhi
Date of Order Receipt:	May 11, 2026
Nature of Action:	Partial allowance of appeals filed by the company and its officers
Violations Alleged:	Section 10(4), Section 10(5), and Section 3(a) of FEMA, 1999
Original Aggregate Penalty:	Rs. 61.6 million
Revised Aggregate Penalty:	Rs. 39.96 million
Earlier Deposited Amount:	Rs. 12.3 million (excluded from revised penalty)

Financial and Operational Impact

Thomas Cook India has stated that the order has no material impact on its financials, operations, or other activities. The company is presently reviewing the order in detail and will determine and implement the appropriate course of action upon completion of this evaluation, in accordance with applicable requirements.

Regulatory Disclosure Background

The disclosure has been made in compliance with Clause 20 of Para A of Part A of Schedule III and Clause 8 of Para B of Part A of Schedule III of Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was signed by Amit J. Parekh, Company Secretary & Compliance Officer of Thomas Cook India.