Thomas Cook (India) Limited has informed the Exchange regarding Appointment of Mr Deepesh Varma as the Chief Business Officer - Foreign Exchange and designated him as Senior Management Personnel (SMP) of the company w.e.f. April 01, 2026.
THOMASCOOK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Thomas Cook (India)'s board, at its meeting on March 20, 2026, approved three items. First, it gave in-principle approval to convert an inter-company loan extended to its wholly owned subsidiary Thomas Cook Lanka (Private) Limited into Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS), to be executed in one or more tranches. Second, Mr. Deepesh Varma, a 13-year company veteran with over 26 years of industry experience, was appointed Chief Business Officer – Foreign Exchange and designated as Senior Management Personnel effective April 1, 2026. Third, Ms. Deepti Sheth, with the company for over 11 years and 20+ years of HR experience, was appointed President and Group Head – Human Resources and designated as Senior Management Personnel, also effective April 1, 2026. Both appointees are internal promotions from long-standing roles within the Thomas Cook group.
The OCCRPS conversion is a routine restructuring step at a non-material wholly owned subsidiary and is unlikely to materially affect consolidated financials. The senior management appointments reflect internal succession in the foreign exchange and HR functions and signal continuity rather than strategic change; near-term impact on shareholders is expected to be neutral.