What was filed
Thomas Cook (India) Limited told the exchanges it has received an observation letter from BSE Limited dated August 31, 2026, carrying **'no adverse observations'** under Regulation 37 of the SEBI LODR Regulations, in relation to its Composite Scheme of Arrangement. The disclosure continues the company's earlier intimation dated March 20, 2026, when the Board of Directors approved the Scheme subject to necessary regulatory and other approvals.
What the Scheme involves
Per the filing, the Composite Scheme of Arrangement is among Thomas Cook (India) Limited — the Demerged/Transferee Company — and Sterling Holiday Resorts Limited (the Resulting Company), together with three transferor companies: TC Visa Services (India) Limited, Jardin Travel Solutions Limited and Borderless Travel Services Limited, and their respective shareholders. It is being carried out under Sections 230 to 232, 61 and 66 of the Companies Act, 2013 and related rules. The filing does not disclose the share-exchange terms or other commercial specifics.
Where this sits in the process
An observation letter under Regulation 37 is one step in the regulatory approval path for schemes involving listed companies. The BSE letter clears the exchange-observation stage; the company noted the Scheme remains subject to the other approvals referenced at board approval. A copy of the letter is enclosed and posted on the company's website.