Thomas Cook (India) Limited has informed the Exchange about Conversion of Inter-company loan given by the Company to Thomas Cook Lanka (Private) Limited (Non-Material Wholly Owned Subsidiary) into Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS).
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 converting an inter-company loan given to its wholly owned subsidiary Thomas Cook Lanka (Private) Limited into Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS), to be done in one or more tranches by a sub-committee. The board also appointed Mr. Deepesh Varma as Chief Business Officer – Foreign Exchange, effective April 1, 2026; he has been with the company for over 13 years and has 26+ years of industry experience. Ms. Deepti Sheth was appointed as President and Group Head – Human Resources, also effective April 1, 2026, bringing 20+ years of HR experience and 11+ years with the group. Both have been designated as Senior Management Personnel (SMP). The company has stated that a detailed disclosure on the OCCRPS conversion will follow at a later stage.
The OCCRPS conversion is an internal restructuring with no cash impact, simply changing the form of an existing exposure to a wholly owned subsidiary from loan to preference shares. The senior management appointments strengthen the foreign exchange and HR leadership but are routine governance updates with no direct effect on shareholders or stock price.