Thomas Cook (India) Limited — Updates, 20-03-2026: Other Restructuring

Thomas Cook India's board approved a composite scheme: Demerging its Resorts & Resort Management business into Sterling Holiday Resorts (SHRL) for future listing (81 SHRL shares for 100 TCIL). TCIL also plans share consolidation (4:1), merging dormant subsidiaries, and reducing face value (Rs.4 to Rs.3) to streamline and boost EPS.