Thomas Cook (India) Limited announced the vesting of 46,196 stock options under its Employee Stock Option Scheme 2018 (Execom). The vesting was approved by the Nomination and Remuneration Committee of the Board of Directors on February 5, 2026. The options are exercisable within a period of 20 years from vesting, at an exercise price of Re 1/- per stock option.
ESOP Vesting Approved
The Nomination and Remuneration Committee of Thomas Cook’s Board of Directors has approved the vesting of 46,196 stock options. The decision, made on February 5, 2026, pertains to options granted under the Thomas Cook Employees Stock Option Scheme 2018 – Execom (ESOP 2018 – Execom).
Key Details of the Vesting
The vested options are in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Upon exercise, 46,196 equity shares will be transferred from the Thomas Cook (India) Limited ESOP Trust, acting through its Trustee, IDBI Trusteeship Services Limited. The exercise price for these options is set at Re 1/- per option. The options are exercisable within 20 years from the vesting date.
Terms and Conditions
In the event of a share consolidation where the face value of the shares increases above Re. 1, the number of shares available for grant under ESOP 2018 – EXECOM will be adjusted to maintain the cumulative face value. Options not exercised within the 20-year exercise period will lapse, with those lapsed options being added back to the pool of options available for future grants. The scheme also outlines procedures for handling stock options in various scenarios, including death, incapacity, resignation, separation, and retirement of employees.
Source: BSE
