Thomas Cook (India) Limited announced the results of a recent Postal Ballot concluded on March 12, 2026. Members approved the appointment of Mr. Gurumoorthy Mahalingam as a Non-Executive Independent Director for five years, effective December 19, 2025. Additionally, the re-appointment of Mrs. Sharmila A. Karve for a second five-year term as a Non-Executive Independent Director was confirmed, effective May 29, 2026. Both directors are confirmed as not debarred by any regulatory orders.
Confirmation of Key Director Appointments
Thomas Cook (India) Limited has formally communicated the outcomes of the Members’ decision reached through a Postal Ballot, which finalized on Thursday, March 12, 2026. This resolution confirms significant changes to the Board composition, focusing on the induction and continuation of Independent Directors.
Appointment of Mr. Gurumoorthy Mahalingam
The Members approved the appointment of Mr. Gurumoorthy Mahalingam (DIN: 09660723) to the role of Non-Executive Independent Director. This appointment is effective from December 19, 2025, and is set for an initial term spanning five consecutive years, concluding on December 18, 2030.
Profile Highlights for Mr. Mahalingam
Mr. Mahalingam brings over 40 years of extensive experience across financial sector regulators, including the Reserve Bank of India (RBI) and the Securities & Exchange Board of India (SEBI). His expertise covers financial market development, regulation, forex management, and supervision of banks. Notably, he served as a Whole-time Board Member of SEBI between 2016 and 2021, handling executive responsibilities in areas like mutual funds and stock exchange regulation. He holds Master’s degrees from the Indian Institute of Technology, Kanpur, and the University of Birmingham.
Re-appointment of Mrs. Sharmila A. Karve
The Members also sanctioned the re-appointment of Mrs. Sharmila A. Karve (DIN: 05018751) for a second term as Non-Executive Independent Director. This reappointment is for a duration of five consecutive years, starting on May 29, 2026, and ending on May 28, 2031.
Profile Highlights for Mrs. Karve
Mrs. Karve is a qualified Chartered Accountant specializing in finance, accounts, and audit. She had a significant career with the PWC Global network, retiring as the Diversity & Inclusion Leader. She currently holds board positions across several listed and finance companies, including Syngene International Limited and CSB Bank.
Compliance Affirmation
The Company confirmed that both appointed directors are not related to any other Director on the Board and are verified as being not debarred from holding directorial positions by any SEBI Order or relevant authority, adhering to the disclosure mandates outlined for such appointments.
Source: BSE
