NSEGeneral Updates11h ago · 1 Sept 2026, 04:08 pm
General Updates
Thomas Cook (India) Limited · THOMASCOOK
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Thomas Cook (India) Limited has received an observation letter from BSE Limited with no adverse observations regarding the Composite Scheme of Arrangement.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Thomas Cook (India) Limited has informed the Exchange about receipt of Observation Letter from BSE Limited in relation to Composite Scheme of Arrangement.
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THOMASCOOK_01092026160534_Stock_Exchange_Intimation-_SE_Observation_Letter.pdf
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September 1, 2026
The Manager, The Manager,
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E),
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 500413 Scrip Code: THOMASCOOK
Fax No.: 2272 2037/39/41/61 Fax No.: 2659 8237/38
Dear Sir/ Madam,
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 regarding receipt of Observation Letter from BSE Limited
(“BSE”) in relation to Composite Scheme of Arrangement.
Ref: Composite Scheme of Arrangement amongst Thomas Cook (India) Limited (“Demerged Company” or
“Transferee Company” or “TCIL”) and Sterling Holiday Resorts Limited (“Resulting Company” or “SHRL”)
and TC Visa Services (India) Limited (“Transferor Company 1” or “TCVSL”) and Jardin Travel Solutions
Limited (“Transferor Company 2” or “JTSL”) and Borderless Travel Services Limited (“Transferor Company
3” or “BTSL”) and their respective shareholders, under Sections 230 to 232, 61 and 66 read with the
Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, National Company Law
Tribunal Rules, 2016 and National Company Law Tribunal (Procedure for Reduction of Share Capital of
Company) Rules, 2016 and other applicable provisions of the Companies Act, 2013 (“Scheme”)
In continuation to our earlier intimation dated March 20, 2026, wherein it was informed that the Board of Directors of the
Company had approved the Composite Scheme of Arrangement subject to receipt of necessary regulatory and other
approvals, as may be required. In this context, we wish to further inform that the Company has received observation letter
from BSE Limited dated August 31, 2026 with ‘no adverse observations’ in terms of Regulation 37 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 in relation to the Scheme. Copy of the said observation letter
is enclosed herewith and is also uploaded on the website of the Company, at weblink:
https://www.thomascook.in/composite-scheme.
This is for your information and records.
Yours faithfully,
For Thomas Cook (India) Limited
Amit J. Parekh
Company Secretary and Compliance Officer
Encl: a/a