Thomas Cook (India) Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving all six special resolutions related to Employee Stock Option Plan (ESOP) amendments. The results, declared on December 19, 2025, demonstrate strong shareholder confidence in the company's talent retention strategy.

Postal Ballot Results Overview

The voting process conducted through remote e-voting via National Securities Depository Limited (NSDL) showed remarkable shareholder support across all resolutions:

Key Approved Amendments

ESOP 2024-EXECOM Pool Expansion

Shareholders approved the increase in stock options from 5.57 million to 6.57 million, adding 1 million new stock options to the existing pool. This expansion provides the company with greater flexibility in attracting and retaining key talent.

Vesting Period Reduction

The reduction in vesting period from 4 years to 3 years across multiple ESOP schemes (ESOP 2024-EXECOM, ESOP 2018-EXECOM, and ESOP 2013) was approved, making the incentive structure more attractive to employees.

Extension to Subsidiary Companies

All resolutions for extending ESOP benefits to employees of subsidiary companies received approval, enabling a unified talent retention strategy across the Thomas Cook India group.

Voting Participation Details

Regulatory Compliance and Implementation

The company has confirmed compliance with all Securities and Exchange Board of India (SEBI) regulations, particularly the Share Based Employee Benefits and Sweat Equity Regulations, 2021. The amendments align with the company's long-term growth plans and aim to create sustained shareholder value by aligning employee interests with organizational objectives.

Strategic Impact

The overwhelming approval of these resolutions reflects strong shareholder confidence in Thomas Cook India's human resource strategy. The amendments provide enhanced flexibility in talent management while maintaining alignment between employee incentives and company performance. The extension of benefits to subsidiary employees creates a comprehensive group-wide retention framework, positioning the company competitively in the evolving travel industry landscape.

Thomas Cook (India) Limited , a leading omnichannel foreign exchange services provider, has strengthened its presence in Kerala with the launch of a newly designed forex store in Kottayam. This strategic expansion brings the company's total outlet count in the state to 14, enhancing its reach in this key market.

Enhanced Customer Experience

The new store in Kottayam represents a significant upgrade in both design and customer experience:

• Location: Centrally situated for easy access
• Layout: Spacious office design
• Support: Enhanced facilities for customer assistance

Strategic Importance of Kottayam

Kottayam's selection for this new outlet is driven by several factors:

• Diverse Customer Base: Caters to leisure travelers, business professionals, students, and NRIs
• Proximity to Key Areas:
  • Close to Cochin International Airport
  • Near Infopark Kochi
  • Access to tourist hotspot Alappuzha
  • Serves the NRI-rich area of Thiruvalla

Comprehensive Forex Services

The new store offers a wide range of foreign exchange services:

Market Presence and Customer Service

Thomas Cook India's forex business serves over 1 million customers annually through its omnichannel model, which includes:

• 125+ forex stores across 69 cities
• Website and FX Now app
• Dedicated call center
• 'Ghar pe Forex' service with doorstep delivery within 2 hours

Deepesh Varma, Executive Vice President - Foreign Exchange at Thomas Cook (India) Limited, emphasized the strategic importance of Kottayam, stating, "Kottayam is a high-potential source market for our forex services, offering access to a vibrant mix of leisure and business travellers, students and NRIs."

This expansion aligns with Thomas Cook India's commitment to providing accessible and innovative forex solutions across India, catering to the evolving needs of diverse customer segments in the foreign exchange market.

About Thomas Cook (India) Limited

Established in 1881, Thomas Cook (India) Limited is a prominent player in the travel industry, offering a wide range of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, and Visa Services. The company has a significant presence across 28 countries in 5 continents, solidifying its position as one of the largest travel service provider networks in the Asia-Pacific region.

Thomas Cook India continues to innovate and expand its services, maintaining its position as a trusted name in the foreign exchange and travel services sector.