Thomas Cook (India) Limited has informed the Exchange regarding 'Appointment of Mr. Ali Asgar Khuzema Lokat as Chief Internal Auditor (Business Process Improvement & Audit BPIA Head ) and designated him as Senior Management Personnel (SMP)'.
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Thomas Cook (India)'s board, at its May 12, 2025 meeting, approved several items. The 48th Annual General Meeting is scheduled for September 3, 2025, with the record date set as August 21, 2025 for dividend eligibility. A dividend for FY ending March 31, 2025 will be paid from September 16, 2025. Mr. Mahesh Iyer, the existing Managing Director and CEO (with the company for 29 years), has been recommended for re-appointment via retirement by rotation. Mr. Ali Asgar Khuzema Lokat, a Chartered Accountant with 17+ years of internal audit experience (previously at Edelweiss Life Insurance), has been appointed as Chief Internal Auditor (BPIA Head) and designated as Senior Management Personnel effective May 13, 2025. M/s. Dedhia Shah & Partners LLP has been recommended as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval.
This is largely routine corporate housekeeping. The confirmed dividend is a positive, tangible return for shareholders. The continuity of the existing MD & CEO provides leadership stability, while the new internal auditor strengthens governance and audit functions.