Thomas Cook (India) Limited has received an order dated April 17, 2026 from the Joint Commissioner of State Tax, Behala, West Bengal, rejecting the appeal application filed by the company on July 2, 2025. The order was issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and confirms a demand arising from non-payment of GST on inward supplies liable to reverse charge.

Details of the Regulatory Order

The Appellate Authority rejected the company's appeal application, thereby confirming the GST demand. The order specifies that the confirmed demand amounts to INR 1,99,322, along with applicable interest and penalty components.

Financial Implications

The company has stated that it is taking necessary steps to appeal against the order before the Appellate Tribunal. According to the disclosure, the company believes it has a good case on merits. The company further indicated that there is no material financial or operational impact on the entity resulting from this order.

The intimation has been uploaded on the company's website and submitted to both BSE Limited and National Stock Exchange of India Limited for compliance with SEBI Listing Regulations. The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2I/3762/2026 dated January 30, 2026.

Thomas Cook (India) Limited has announced a key leadership appointment with the elevation of Deepti Sheth as President & Group Head – Human Resources on April 10, 2026. This strategic move reinforces the company's focus on strengthening leadership capabilities and people strategy across the Group.

Leadership Role and Responsibilities

In her elevated position, Deepti will spearhead the Group HR function with comprehensive responsibilities spanning multiple strategic areas. Her role encompasses shaping the organisation's people strategy with particular emphasis on talent management, leadership development and employee experience enhancement.

Professional Background and Experience

Sheth brings over two decades of comprehensive experience in human resources management to her new role. Most recently serving as Senior Vice President & Head – Human Resources at SOTC Travel Ltd, she demonstrated instrumental leadership in aligning HR practices with business priorities. Her expertise spans multiple critical areas including talent management, organisational development and culture building, with consistent focus on creating agile, high-performance teams to support evolving business needs.

Her tenure with the Group has been marked by significant contributions in strengthening HR frameworks and embedding people practices that align with business growth objectives. The elevation represents recognition of her pivotal role in driving leadership development and building scalable talent capabilities across the organisation.

Industry Recognition and Awards

Deepti's professional excellence has earned her multiple prestigious industry recognitions that underscore her leadership capabilities in human resources management.

Additionally, Thomas Cook was awarded the Best Organisation for Women by ET Edge, highlighting the company's commitment to fostering an inclusive and empowering workplace environment.

Strategic Vision and Future Focus

Commenting on her appointment, Deepti Sheth expressed her commitment to building upon the company's strong foundation in human resources management. She emphasised the importance of people remaining at the heart of the organisation's success and outlined her vision for strengthening talent capabilities, enhancing employee development, and fostering a culture of innovation, inclusion and high performance.

Her strategic priorities include building dynamic, future-ready teams, strengthening leadership capability and creating a differentiated employee experience that supports sustained growth across the Thomas Cook India Group.

About Thomas Cook (India) Limited

Established in 1881, Thomas Cook (India) Limited operates as the leading omnichannel travel company in India, offering comprehensive services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel and Value-Added Services. The company operates multiple leading B2C and B2B brands and spans 28 countries across 5 continents as one of the largest travel service provider networks headquartered in the Asia-Pacific region.

Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited, serves as the promoter of TCIL with a shareholding of 63.83% of its paid-up capital. The company has received numerous industry awards and maintains CRISIL's highest rating for a travel & tourism company in India.