Thomas Cook (India) Limited has informed the Exchange about Action(s) initiated or orders passed

Sebi PenaltyRegulatory & Legal View source PDF

THOMASCOOK · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.7%1-day move

₹92.50

prior close

₹92.61

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.5-1.1-1.2-0.3+2.7+0.0+1.7+0.5+0.6+0.0-1.1+16.9+13.2—

Up moveDown movePending

AI summary

Thomas Cook (India) Limited received an order from the Appellate Tribunal Under SAFEMA at New Delhi. The Tribunal partially allowed appeals filed by the company and its officers, reducing aggregate penalties from Rs. 61.6 million to Rs. 39.96 million, excluding an earlier deposited amount of Rs. 12.3 million. The violations relate to Section 10(4) & 10(5) and Section 3(a) of the Foreign Exchange Management Act, 1999 (FEMA). The company states there is no material impact on financials, operations, or other activities. The company is reviewing the order to determine appropriate course of action.

Likely market impact

The penalty reduction is a partial win for the company. While the penalty amount is significant at Rs. 39.96 million, the company has indicated it will not materially impact its financials or operations. The matter may still be subject to further legal action.