Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 for Regulatory Order.
THOMASCOOK · price
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Thomas Cook (India) Ltd received a copy of an order from the Appellate Tribunal Under SAFEMA at New Delhi on May 11, 2026. The Tribunal partially allowed appeals filed by the Company and its officers, reducing the aggregate penalties from Rs. 61.6 million to Rs. 39.96 million, excluding an earlier deposited amount of Rs. 12.3 million. The underlying violations relate to Section 10(4) & 10(5) and Section 3(a) of the Foreign Exchange Management Act, 1999 (FEMA). The Company states there is no material impact on its financials, operations, or other activities, and it is currently reviewing the order to determine the appropriate course of action.
The reduction in penalty from Rs. 61.6 million to ~Rs. 40 million is a partial relief, though the Company still faces a significant liability. The FEMA violations and ongoing review create some regulatory overhang, but the stated lack of material financial impact may limit any negative stock reaction.