Thomas Cook (India) Limited has informed the Exchange about Update on litigation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
THOMASCOOK · price
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Awaiting price reaction for this filing.
Thomas Cook (India) Limited informed the exchanges that it has received an order on March 9, 2026 from the Office of the Assistant Commissioner of Income Tax Circle 1(3)(1), Mumbai regarding the resolution of a pending income tax dispute. The dispute involved a demand of Rs. 265.40 million pertaining to Assessment Year 2016-17 under Section 143(3) read with Section 254 of the Income-tax Act, 1961. The company has stated that no violation or contravention was committed. The demand has been fully resolved and the company has confirmed there is no impact on its financial position, operations, or other activities. This is a routine regulatory disclosure under SEBI's Listing Regulations.
Positive for shareholders — a long-pending tax demand of Rs. 265.40 million has been resolved without any financial liability, removing an overhang on the stock. No cash outflow or provisioning impact from this matter.