Travels & Rentals Limited has accepted the resignation of CS Jaya Jain from her role as Company Secretary and Compliance Officer, effective August 14, 2026. Jain, who served as a Key Managerial Personnel (KMP), submitted her resignation letter on August 3, 2026, citing her intent to pursue an alternate career opportunity outside the organization. The departure creates a vacancy in a critical compliance role, prompting the company to initiate a search for a suitable replacement.

The resignation was communicated to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, signed by Managing Director Devendra Bharat Parekh, confirms that Jain will cease her responsibilities at the close of business hours on August 14, 2026. The company stated it is currently in the process of identifying and hiring a candidate for the position and will inform the stock exchanges once the vacancy is filled.

Resignation Details

The following details outline the cessation of appointment for CS Jaya Jain:

In her resignation letter addressed to the Board of Directors, Jain expressed that her tenure at Travels & Rentals had been professionally rewarding and personally fulfilling. She extended thanks to the Managing Director and CFO for their support during her time with the company. Her membership number with the Institute of Company Secretaries of India is A41446.

Corporate Governance Implications

The exit of a compliance officer requires immediate attention to ensure continuity in regulatory reporting and corporate governance obligations. As per SEBI LODR norms, listed entities must maintain a qualified Company Secretary and Compliance Officer. Travels & Rentals Limited, formerly known as Travels & Rentals Private Limited, is headquartered in Kolkata and listed on BSE Limited under Scrip Code 544242. The company’s ability to maintain uninterrupted compliance filings will depend on the speed of appointing a successor.

Travels & Rentals Limited has approached BSE to seek an extension for filing its financial results for the financial year ended March 31, 2026, due to unavoidable circumstances that have delayed the finalization of the accounts. The company indicated that despite its best efforts, the preparation and audit of the results are still in progress, preventing the Board from approving the statements within the stipulated timeline. Consequently, the Board meeting scheduled to consider the Financial Results for FY26 has been postponed until further notice.

In its communication to the exchange, the company attributed the delay to reasons beyond its control and requested that BSE condone the delay without initiating any adverse action. The trading window for dealing in the securities of the company by designated persons will continue to remain closed. This closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations and the company's Code of Conduct for Prohibition of Insider Trading. The window will reopen 48 hours after the financial results are eventually declared.

Key Details

The submission was made by Jaya Jain, Company Secretary & Compliance Officer, on behalf of the Board of Directors.