What was filed
Thomas Cook (India) Limited placed before its Board, on 3 August 2026, the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, together with limited review reports from statutory auditors BS R & Co. LLP. The auditors expressed an unmodified review conclusion on both statements. The Board meeting began at 16:00 and the results were approved at 17:05, after which other agenda items were taken up.
On a consolidated basis the June quarter was softer than the same quarter a year earlier, while the standalone entity — largely the domestic travel and foreign-exchange operations — held broadly steady. The figures are set out in the key-numbers panel.
The restructuring in progress
The more structural item running through the notes is the Composite Scheme of Arrangement and Amalgamation the Board approved on 20 March 2026. It bundles several moves: the demerger of the Resorts and Resort Management business into subsidiary Sterling Holiday Resorts Limited, the amalgamation of three other wholly-owned subsidiaries into Thomas Cook, a consolidation of shares, and a reduction in face value.
Under the demerger, the filing states, shareholders of Thomas Cook would receive 81 shares of SHRL for every 100 shares held in the company. The scheme also proposes consolidating four equity shares of face value ₹1 each into one share of face value ₹4, followed by a reduction of face value from ₹4 to ₹3 per share.
Per the filing, NSE and BSE have forwarded the scheme to SEBI for its observations, and it remains subject to sanction by the shareholders of each company involved. It has not yet been implemented.
One-off items behind the numbers
Several items in the comparative periods were flagged as exceptional or one-time and are relevant when reading the year-on-year movement. These include an ex-gratia payment of ₹171.0 Mn to the erstwhile Chairman recorded in the June 2025 quarter, a gain on sale of a Gurugram property, past-service-cost charges under the New Labour Codes, and a revaluation gain of ₹1,347.2 Mn booked by Sterling Holiday Resorts in the March 2026 quarter under Other Comprehensive Income. The company also opted into the New Tax Regime with effect from FY 2026-27, re-measuring deferred tax balances at a revised rate.