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.

Thomas Cook (India) Limited has disclosed receiving a regulatory order from tax authorities regarding Goods and Services Tax (GST) compliance. The travel and tourism services company informed stock exchanges about this development in accordance with regulatory disclosure requirements.

Regulatory Order Details

The Commercial Tax Officer, Chennai Central, Tamil Nadu issued the order imposing a GST demand of ₹27.33 lakh, interest of ₹18.09 lakh, and a penalty of ₹2.73 lakh under the Central Goods and Services Tax Act 2017.

Company's Response and Assessment

Thomas Cook India stated it is currently evaluating the necessary steps ahead with regard to the partial amount upheld by the authority. The company has assessed the situation and determined that there is no material financial or operational impact on the entity despite the monetary obligations imposed.

The penalty of ₹2.73 lakh has been levied under Section 73 of the CGST Act 2017, which deals with determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilized.

Regulatory Compliance and Disclosure

This intimation was made under 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 company has uploaded this intimation on its official website at https://www.thomascook.in/stock-exchange-intimation for public access and transparency. Thomas Cook India operates across multiple business segments including holidays, foreign exchange, business travel, MICE (Meetings, Incentives, Conferences, and Exhibitions), value-added services, and visa services.