Thomas Cook (India) Limited announced the approval for the grant of 13,70,000 Stock Options to eligible employees under the ESOP 2024 – EXECOM Scheme. This action was approved by the Nomination and Remuneration Committee on March 20, 2026. Each option grants the right to acquire one equity share with a face value of Re 1/- at an exercise price of Re 1/- per option. The options, upon vesting, are exercisable for a period of 20 years.
Approval of Employee Stock Option Grant
Thomas Cook (India) Limited has formally disclosed the grant of stock options to its eligible employee base following a meeting of the Nomination and Remuneration Committee held on March 20, 2026. This initiative falls under the Thomas Cook Employees Stock Option Scheme 2024 – EXECOM (ESOP 2024 – EXECOM).
Key Grant Details
- Total Options Granted: A total of 13,70,000 Options were approved for grant.
- Share Coverage: These options cover an equivalent number of 13,70,000 Equity Shares, each having a face value of Re 1/-.
- Exercise Price: The options have been granted at a uniform exercise price of Re 1/- per stock option.
- Compliance: The ESOP 2024 – EXECOM plan has been confirmed to be in compliance with the relevant SEBI Share Based Employee Benefits and Sweat Equity Regulations, 2021.
Vesting and Exercise Terms
The document confirms that while vesting is pending necessary approvals, the structure allows for the grantees to exercise their options and receive shares upon allotment. Regarding the exercise window, the options, once vested, will be exercisable within a period of 20 (twenty) years from the date of vesting. Furthermore, the equity shares allotted upon exercise of these options will not be subject to any lock-in period.
Corporate Action Adjustments
The terms include provisions for adjustments to the number of options in the event of major corporate actions, such as rights issues, bonus issues, mergers, or reorganizations. Such adjustments will be carried out in a fair and reasonable manner to ensure the ESOP scheme remains equitable for participants.
Source: BSE
