Thomas Cook India Appoints Deepesh Varma & Deepti Sheth to Senior Management
Thomas Cook India's Board approved conversion of inter-company loan to OCCRPS for its Sri Lankan subsidiary. Mr. Deepesh Varma appointed Chief Business Officer - Foreign Exchange and Ms. Deepti Sheth appointed President & Group Head - Human Resources, both effective April 1, 2026.
The appointments of key personnel in crucial roles like Foreign Exchange and Human Resources can have a medium-term impact on the company's strategic direction and operational efficiency.
The announcement details routine corporate actions and senior management appointments, with no significant immediate financial impact or positive/negative news.
Thomas Cook (India) Limited announced key appointments following its Board of Directors meeting held on March 20, 2026. The Board granted in-principle approval for the conversion of an inter-company loan provided to its non-material wholly-owned subsidiary, Thomas Cook Lanka (Private) Limited, into Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS). Powers have been delegated to a Sub-Committee for this conversion, which may occur in tranches. A detailed disclosure will be made at the appropriate stage.
Furthermore, the company announced the appointment of Mr. Deepesh Varma as the Chief Business Officer - Foreign Exchange, designating him as Senior Management Personnel (SMP) effective April 1, 2026. Mr. Varma, with over 26 years of experience, including more than 13 years with Thomas Cook India, holds a Hotel Management degree and completed a Senior Management Programme from IIM Calcutta.
Ms. Deepti Sheth has been appointed as the President and Group Head - Human Resources, also designated as Senior Management Personnel (SMP) effective April 1, 2026. Ms. Sheth brings over 20 years of experience in Human Resource Management, including more than 11 years with the company. She holds a Post Graduate degree in Human Resources and a Bachelor's degree in Commerce. The Board meeting commenced at 3:45 PM IST and concluded at 6:00 PM IST.
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Thomas Cook (India) Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Thomas Cook (India) Limited. Read the original for the full detail.