Thomas Cook (India) Limited has informed the Exchange regarding 'Notice of the 48th Annual General Meeting of the Company'.
THOMASCOOK · price
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Thomas Cook (India) has issued the notice for its 48th Annual General Meeting, scheduled for Wednesday, September 3, 2025, at 3:30 p.m. via video conferencing. Shareholders will consider adoption of the audited standalone and consolidated financial statements for FY25 and approve a dividend of Rs. 0.45 per equity share (45% on capital), amounting to a gross payout of about Rs. 21.17 crore, with the record date set for August 21, 2025 and payment from September 16, 2025. Other items include re-appointment of Mr. Mahesh Iyer as a director, payment of Rs. 19.39 million in commission to non-executive independent directors for FY25, and appointment of M/s. Dedhia Shah & Partners LLP as secretarial auditor for five years (FY26–FY30). A special resolution proposes a one-time ex-gratia of Rs. 171 million (Rs. 17.10 crore) to Mr. Madhavan Menon, who was re-designated as Non-Executive Chairman effective June 1, 2025, in recognition of his 25 years of service. Remote e-voting opens on August 31, 2025 and closes on September 2, 2025.
Shareholders eligible on the August 21 cut-off will receive a modest Rs. 0.45 per share dividend, while the Rs. 17.10 crore ex-gratia to Mr. Madhavan Menon may draw attention as a sizeable one-time payout exceeding the usual managerial remuneration limits. The AGM items are largely procedural and continuity-driven, with no major strategic changes signalled.