Thomas Cook India has received a penalty order of ₹2,80,175.00 under the Central Goods and Services Tax (CGST) Act 2017 from tax authorities. The order was received on December 29, 2025, marking a regulatory development for the travel and tourism services company.

Penalty Details

The penalty order was issued by the Deputy Commissioner, Delisle Road 701, Mazgaon, Maharashtra under Section 74 of the CGST Act 2017. The following table summarizes the key details of the penalty order:

Company's Response

Thomas Cook India has indicated its intention to challenge the penalty order. The company plans to file a submission against the order, describing the penalty as erroneous. This suggests the company disputes the basis for the penalty and intends to seek redressal through proper legal channels.

Financial Impact Assessment

According to the company's disclosure, there is no material financial or operational impact on the entity from this penalty order. The relatively modest amount of the penalty in relation to the company's overall operations appears to support this assessment. The company's statement indicates that normal business operations remain unaffected by this regulatory matter.

Regulatory Context

Section 74 of the CGST Act 2017 typically deals with tax recovery and penalty provisions for various contraventions under the GST framework. The specific nature of the alleged violation has not been detailed in the company's disclosure, though the company's characterization of the penalty as "erroneous" suggests it contests the tax authority's findings.

Thomas Cook (India) Limited has disclosed receiving a regulatory order from tax authorities in Rajasthan, as communicated to stock exchanges on December 26, 2025. The travel and tourism services company received the order on December 25, 2025, from the Assistant Commissioner, Jaipur-I, Rajasthan, regarding Goods and Services Tax (GST) matters.

GST Demand Details

The regulatory order pertains to a demand for short payment of GST along with associated charges. The financial implications of the order are detailed in the following breakdown:

The order was issued under Section 50 of the CGST Act 2017 for the demand and interest component, while the penalty was levied under Section 73 of the CGST Act 2017.

Company's Response and Impact Assessment

Thomas Cook (India) Limited has indicated its intention to challenge the regulatory order through appropriate legal channels. The company's response includes:

• Plans to appeal against the order before the appropriate authority
• Confidence in having a good case on merits
• Assessment that there is no material financial or operational impact on the entity

The company has emphasized that it is taking necessary steps to address the matter through the proper legal framework available under GST regulations.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III of the Listing Regulations. The intimation also complies with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates disclosure of actions taken or orders passed by regulatory, statutory, enforcement authorities, or judicial bodies against listed entities.

The company has also uploaded this intimation on its official website to ensure transparency and accessibility for stakeholders. This regulatory disclosure demonstrates the company's commitment to maintaining compliance with stock exchange requirements and keeping investors informed about material developments that may affect the entity.