Thomas Cook (India) Limited and its group company SOTC Travel have announced a strategic partnership with Booking.com under Regulation 30 of SEBI regulations. The collaboration aims to deliver comprehensive accommodation solutions for Indian corporates through enhanced digital booking platforms.

Regulatory Filing and Partnership Announcement

The partnership was formally announced through a press release dated March 10, 2026, filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was communicated to both BSE Limited and National Stock Exchange of India Limited, highlighting the strategic importance of this collaboration.

Partnership Scope and Global Reach

The collaboration provides Thomas Cook India and SOTC Travel's corporate clients with access to Booking.com's extensive accommodation inventory. Booking.com's accommodation content is now live on both companies' corporate booking tools, offering immediate access to a vast global network.

Enhanced Service Features

The partnership introduces several key features designed to address specific requirements of Indian business travel and procurement teams. The program focuses on providing wider choice while maintaining company travel policy compliance.

Key Service Components:

• Price transparency at scale: Property-issued invoices with clear audit trails and GST compliance
• Segment-wise curation: Tailored content for SMEs, mid-market, and large enterprises
• Content depth and coverage: Comprehensive reach across Indian metros and tier 2-3 cities
• Business-friendly stays: Verified traveller reviews and essential business amenities
• Enterprise support: Co-developed servicing model for booking changes and coordination
• Integrated policy control: Budget management, approvals, and real-time updates

Strategic Leadership Perspectives

Indiver Rastogi, President & Group Head, Global Business Travel, Thomas Cook (India) and SOTC Travel, emphasized the partnership's focus on redefining accommodation access by expanding global choice while enhancing compliance frameworks. The collaboration includes future integration into the TravelOne platform with planned additions of rate activation, long-stay solutions, and city-wise safety clusters.

Mark van der Linden, VP Partnerships, Booking.com, highlighted the partnership as a strategic step in making Booking.com's global inventory enterprise-ready for the Indian market, addressing the digital transformation demands of India's business travel sector.

Thomas Cook (India) Limited has successfully resolved a significant Income Tax dispute, eliminating a pending demand of Rs 265.40 million for Assessment Year 2016-17. The resolution was confirmed through an official order received on March 9, 2026, marking the end of a long-standing tax matter.

Tax Dispute Resolution Details

The company received an order from the Office of The Assistant Commissioner of Income Tax Circle 1(3)(1), Mumbai, regarding the resolution of the pending dispute. The order was issued under Section 143(3) read with Section 254 of the Income-tax Act, 1961.

Financial Impact Assessment

The company has confirmed that the resolution of this tax demand will have no adverse financial impact on its operations. According to the regulatory filing, since the demand has been resolved, there is no impact on the financial operations or other activities of the company. This outcome suggests a favorable resolution that eliminates the contingent liability without requiring any significant payment.

Regulatory Compliance and Documentation

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details through two detailed annexures covering the regulatory action and litigation update as required under the SEBI Master Circular dated January 30, 2026.

Corporate Governance

The announcement was signed by Amit J. Parekh, Company Secretary & Compliance Officer, and has been uploaded on the company's website for stakeholder access. This transparent communication demonstrates the company's commitment to keeping investors informed about material developments affecting its legal and financial position.

The successful resolution of this substantial tax dispute removes uncertainty from Thomas Cook India's financial outlook and eliminates a significant contingent liability that had been pending since Assessment Year 2016-17.