Shares of Travel Food Services (TFS) will be on investor radar on Friday, September 12, after the company said it has secured a license from Cochin International Airport Limited (CIAL) to set up, operate, and manage food and beverage outlets, a lounge, and a bar in the Security Hold Area of the Domestic Terminal (T1).

Under the agreement, TFS will serve as the concessionaire for T1, operating about 11 quick-service restaurants along with one passenger lounge. The license runs for five years, with the option to extend by another two years, subject to terms and conditions. The deal also includes payment of license fees and a minimum guarantee amount.

Cochin International Airport, India’s eighth busiest, handled more than 11 million passengers in FY2024-25 and is served by 27 airlines offering direct connectivity to multiple destinations. Notably, it is also the world’s first airport powered entirely by solar energy, achieving full power neutrality.

With this win, TFS expands its presence to 14 of India’s 15 largest airports. “This reflects the strength of the TFS franchise and technical expertise. We plan to bring a diverse mix of brands to Cochin Airport and aim to create a better travel experience for passengers,” said Varun Kapur, Managing Director and CEO of TFS.

In a separate development, last week, the company announced the termination of its extended contract to provide lounge access services to Dreamfolks customers. “Dreamfolks was acting as one of the aggregators for banks and networks in relation to lounge access services for various lounges operated by the company. Despite efforts to re-negotiate the commercial terms of the agreement in good faith, we have been unable to reach a closure,” Travel Food Services said in a regulatory filing

Travel Foods made its stock market debut on July 14, 2025. The IPO received a moderate response from investors, closing with 3.03x overall subscription.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)