Thomas Cook India , a leading travel services company, has received an additional Goods and Services Tax (GST) penalty order from tax authorities in Bangalore, adding to the existing orders from Delhi and West Bengal. The company now faces a total of three GST penalty orders and has stated its intention to evaluate necessary steps while maintaining that there is no material financial or operational impact on the entity.

Updated GST Penalty Orders Summary

Latest Bangalore Order Details

The most recent order dated December 11, 2025, from the Assistant Commissioner of Central Tax, North Commissionerate, Bangalore includes:

The company received this order on December 11, 2025, and has informed stock exchanges through a regulatory filing under Regulation 30 of SEBI Listing Regulations.

Previous Orders Status

The Delhi South Commissionerate order remains the most significant, demanding ₹8.57 crore for alleged short payment of GST along with interest of ₹4.75 lakh and penalty of ₹8.57 crore. The West Bengal order involves a smaller amount with demand of ₹10.57 lakh, interest of ₹7.79 lakh, and penalty of ₹1.00 lakh.

Thomas Cook India has already initiated appeal processes for the Delhi and West Bengal orders, asserting strong cases on merits for both proceedings.

Financial Position Context

Despite the multiple GST orders, the company's financial fundamentals remain robust:

The company's strong asset base and growing equity position indicate sufficient financial capacity to handle these regulatory challenges without significant operational disruption.

Regulatory Compliance and Next Steps

Thomas Cook India has demonstrated proactive compliance by promptly informing stock exchanges about each order received. The company continues to evaluate necessary steps for the latest Bangalore order while maintaining its position that these orders do not materially impact its financial or operational activities.

Investors should monitor the progress of all three proceedings, though the company's current financial strength suggests these penalties are manageable within its overall business operations.

Thomas Cook (India) Limited , a leading omnichannel travel services company, and its Group Company, SOTC Travel, have announced their Europe Summer 2026 Holidays portfolio, offering a range of group escorted tours with guaranteed departures and customized options.

Key Highlights

• Over 60 unique group escorted tours with guaranteed regional departures
• Diverse customized tours co-curated with customers based on individual preferences
• Attractive price points catering to premium, value, and pocket-friendly segments
• Early bird discounts of ₹70,000 per couple for bookings made by December 5, 2025
• Additional offers include free holidays to select destinations or a complimentary cruise

Strategic Grouping

The companies have strategically grouped their European tours into five distinctive regions:

1. Western Europe
2. Eastern Europe & Balkans
3. Scandinavia and Baltics
4. Spain & Surrounds
5. Mono-destinations (UK, Russia, Switzerland, Italy, Greece)

This approach aims to encourage multiple visits, allowing travelers to explore different facets of Europe's culture, cuisine, and landscapes.

Attractive Offers

Thomas Cook and SOTC are providing several enticing offers:

Management Commentary

Rajeev Kale, President & Country Head – Holidays, MICE, Visa at Thomas Cook (India) Limited, emphasized the company's focus on making Europe both attractive and affordable. He highlighted the strategic introduction of five distinctive regions to inspire multiple visits and the company's expertise in designing exceptional experiences.

S.D. Nandakumar, President and Country Head – Holidays and Corporate Tours at SOTC Travel Limited, stated that the Europe Summer 2026 holidays reflect SOTC Travel's focus on innovation, value, and customer delight. He mentioned that Europe remains a key growth driver for the company, and this launch aims to strengthen their leadership position as a trusted travel expert.

Investor Perspective

For investors, this launch signifies Thomas Cook India's continued focus on expanding its core travel business. The company's strategy to offer diverse and attractive holiday packages may help in capturing a larger market share in the travel industry. The early bird discounts and additional offers could potentially drive early bookings, providing improved visibility for future revenues.

However, investors should also consider potential risks such as geopolitical tensions, economic fluctuations, and changing travel regulations that could impact the travel industry and, consequently, Thomas Cook India's performance in this segment.

As the travel sector continues to recover post-pandemic, Thomas Cook India's innovative offerings and strategic approach to the European market may position the company well for growth in the coming years. Investors may want to monitor the uptake of these new holiday packages and their impact on the company's financial performance in the upcoming quarters.