Thomas Cook India proposes ESOP changes, including option pool increase

Thomas Cook (India) Limited has announced a postal ballot to seek shareholder approval for amendments to its employee stock option schemes. The proposals include increasing the maximum number of stock options under the ESOP 2024 - Execom scheme by 1,000,000, bringing the total to 6,570,000 options. These options are convertible into equity shares of ₹ 1 each. The company also proposes to reduce the vesting period for options under both ESOP 2024 - Execom, ESOP 2018 - Execom, and ESOP 2013 from four years to three years.

Additionally, the company aims to extend the benefits of the amended ESOP 2024 - Execom, ESOP 2018 - Execom, and ESOP 2013 schemes to employees of its subsidiary companies, including eligible directors. The remote e-voting period for these resolutions will commence on Thursday, November 20, 2025, at 9:00 a.m. IST and conclude on Friday, December 19, 2025, at 5:00 p.m. IST. The results of the postal ballot are expected to be announced on or before Monday, December 22, 2025.