Thomas Cook (India) Limited has informed the Exchange regarding Appointment of Ms Deepti Sheth as the President and Group Head - Human Resources and designated her 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 March 20, 2026 meeting, approved three items. First, the company plans to convert an inter-company loan given to its wholly owned subsidiary, Thomas Cook Lanka (Private) Limited, into Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS), with execution delegated to a sub-committee. Second, Mr. Deepesh Varma, a 13-year company veteran, was appointed Chief Business Officer – Foreign Exchange and designated as Senior Management Personnel (SMP), effective April 1, 2026. Third, Ms. Deepti Sheth, an 11-year company veteran, was appointed President and Group Head – Human Resources and designated as SMP, also effective April 1, 2026. Both appointees are internal promotions rather than external hires. The Lanka subsidiary is described as a 'Non-Material Wholly Owned Subsidiary,' suggesting limited financial impact from the loan conversion.
The two appointments are internal promotions and unlikely to materially move the stock. The loan-to-preference-share conversion at the Sri Lanka subsidiary is a routine balance sheet restructuring of a non-material entity, with no dilution or cash impact flagged for parent-company shareholders.