Thomas Cook (India) Limited has informed the Exchange about Options to purchase securities
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On July 30, 2025, the Nomination and Remuneration Committee of Thomas Cook (India) Limited approved the grant of a total of 43,64,553 stock options to eligible employees across three ESOP schemes. This includes 4,54,529 options under ESOP 2013, 4,31,200 options under ESOP 2018-EXECOM, and 34,78,824 options under ESOP 2024-EXECOM. Each option is convertible into one equity share of Re 1 face value, with an exercise price of Re 1 per option. For the ESOP 2013 and 2018-EXECOM schemes, shares will be transferred by the Thomas Cook ESOP Trust upon exercise, while under the ESOP 2024-EXECOM scheme, fresh shares will be allotted. All options have a 20-year exercise window from the date of vesting.
The grant of over 43.6 lakh stock options may lead to potential share dilution in the future, though options under the 2013 and 2018 schemes will be met through the ESOP Trust (no new share issuance). The exercise price of Re 1 is symbolic, suggesting the company is using stock options primarily as a retention and incentive tool rather than a fundraising mechanism.