THOMAS COOK (INDIA) LTD.

Thomas Cook India is expanding its services for Indian enterprises operating or planning operations in the European Union through its Cyprus-based subsidiary, Travel Circle International (TCI Euro). This move is in conjunction with Eurobank's growing presence in India, aiming to facilitate smoother access to travel services, cross-border transactions, and investments across the EU. The expansion aligns with the India-EU Free Trade Agreement concluded in January 2026, which is expected to boost trade between the regions. Eurobank has established a representative office in Mumbai to facilitate cross-border corporate transactions and investments between India and Europe.

Thomas Cook (India) Limited and Atlys have announced a long-term partnership to integrate foreign exchange services into Atlys' visa application platform. This collaboration aims to streamline access to forex for travellers by offering Thomas Cook India’s forex solutions, including prepaid travel cards and currency notes, directly within the visa application journey on Atlys. The service includes digital onboarding, video KYC, and doorstep delivery across India. The partnership looks to enhance convenience and efficiency for international travellers.

Thomas Cook (India) Ltd received an order from the Commercial Tax Officer, Chennai, confirming a demand of ₹33,30,988 for wrongly adjusted ITC, along with interest of ₹18,57,870 and a penalty of ₹3,33,098. The company intends to appeal the order and believes it has a strong case. The company does not anticipate a material financial or operational impact.

Thomas Cook (India) Ltd received an order from the Commercial Tax Officer, Chennai, regarding a demand for short payment of GST. The order confirms a demand of ₹1,25,434, applicable interest of ₹1,14,932, and a penalty of ₹1,25,434 under the CGST Act 2017. The company is evaluating necessary steps but anticipates no material financial or operational impact.

Sterling Holiday Resorts Ltd, a subsidiary of Thomas Cook (India) Ltd, reported record Q4 FY26 results with highest-ever revenue of ₹1,409 million, up 14% YOY. The company achieved its 25th consecutive profitable quarter. For FY26, Sterling reported revenue of ₹5,487 million and EBITDA of ₹1,701 million. The company crossed 78 resorts with over 3,800 rooms. It maintains a debt-free balance sheet with cash reserves of nearly ₹3,400 million.

Thomas Cook (India) Ltd announced the retirement of Non-Executive Director, Mr. Chandran Ratnaswami, at the upcoming 49th Annual General Meeting (AGM). Mr. Ratnaswami expressed his desire not to seek re-appointment due to other commitments within the Fairfax Group. The Board accepted his request and recommended that his reappointment not be sought at the AGM. Additionally, the Board recommended the re-appointment of Mr. Sumit Maheshwari, a Non-Executive Non-Independent Director, who is retiring by rotation at the AGM and has offered himself for re-appointment. The 49th AGM will be held on September 10, 2026, and the book closure will be from August 28, 2026, to September 10, 2026, for dividend payment purposes.

Thomas Cook (India) Ltd's Board of Directors has recommended a final dividend of ₹0.50 per equity share of Re. 1 each for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The board also approved the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026. The board meeting commenced at 17:30 hours and the results were approved at 18:30 hours.

Thomas Cook (India) Ltd announced the retirement of Mr. Chandran Ratnaswami, Non-Executive Director, at the upcoming 49th AGM, due to other commitments within the Fairfax Group. The board accepted his decision and will not seek his re-appointment. Additionally, the board recommended the re-appointment of Mr. Sumit Maheshwari, Non-Executive Non-Independent Director, who retires by rotation at the same AGM. The AGM is scheduled for September 10, 2026, with a book closure from August 28, 2026, to September 10, 2026, for dividend purposes.

Thomas Cook (India) Ltd's board meeting on May 12, 2026, approved the 49th Annual General Meeting (AGM) scheduled for September 10, 2026. The Register of Members and Share Transfer Books will be closed from August 28, 2026, to September 10, 2026, for dividend payment. The board recommended the re-appointment of Mr. Sumit Maheshwari, a Non-Executive Non-Independent Director, and noted the retirement of Mr. Chandran Ratnaswami, Non-Executive Director, who will not seek re-appointment.

Thomas Cook (India) Ltd announced the record date for determining shareholders eligible for dividend payment for the financial year ended March 31, 2026. The record date is set for August 27, 2026. The Register of Members and Share Transfer Books will be closed from August 28, 2026, to September 10, 2026, both days inclusive. The 49th Annual General Meeting (AGM) of the company is scheduled for September 10, 2026. The board also recommended the re-appointment of Mr. Sumit Maheshwari and noted the retirement of Mr. Chandran Ratnaswami.