Travels & Rentals Limited has announced the appointment of M/s Krishna Kanta & Associates, Chartered Accountants as its Internal Auditor for the Financial Year 2025-26. The company informed BSE Limited about this corporate development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Timeline

The Board of Directors approved the appointment on March 31, 2026, following the recommendation of the Audit Committee. The appointment was formalized through a board meeting held on Tuesday, March 31, 2026, with the company secretary Jaya Jain signing the intimation letter to the stock exchange.

Appointment Details

Firm Profile and Expertise

Krishna Kanta & Associates is a chartered accountancy firm engaged in providing comprehensive professional services. The firm's service portfolio includes:

• Internal audit services
• Statutory audit
• Tax advisory
• Risk management
• Financial consulting

The firm maintains high standards of professional ethics, independence, and confidentiality in all its engagements, which aligns with the regulatory requirements for internal audit functions.

Regulatory Compliance

The appointment fulfills the company's obligation under SEBI regulations for maintaining proper internal audit mechanisms. Travels & Rentals Limited has ensured compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related circulars including SEBI Circular No SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023.

The company operates under CIN U60221WB1996PLC081439 and is headquartered at 161 Lenin Sarani, Kolkata. This appointment represents a routine corporate governance measure to ensure proper internal controls and audit oversight for the upcoming financial year.

Multiple stakeholders have acquired substantial shareholdings in Travels & Rentals Limited through a rights issue completed on March 09, 2026. The company has filed comprehensive regulatory disclosures under both SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015.

Takeover Regulation Disclosures

Key promoters filed detailed disclosures under Regulation 29(2) of SEBI Takeover Regulations on March 23, 2026. The acquisitions were executed through the rights issue mechanism with shares allotted on March 09, 2026.

Insider Trading Disclosures

The company filed detailed insider trading disclosures on March 23, 2026, covering multiple promoter and promoter group acquisitions through the rights issue. All transactions were executed between February 05, 2026, and March 06, 2026, with shares allotted through the rights issue mechanism.

Non-Promoter Acquisition

Pushpa Bhaju, who is not part of the promoter or promoter group, disclosed the substantial acquisition of 30,00,000 shares through the rights issue. The disclosure was filed with BSE Limited on March 19, 2026, under Regulation 29(1) of the takeover regulations.

Share Capital Transformation

The rights issue resulted in a substantial expansion of the company's equity share capital structure:

Regulatory Compliance

All disclosures confirm that the acquired shares are free from encumbrances such as pledges, liens, or non-disposal undertakings. The acquisitions involved only equity shares with no warrants or convertible securities. The total value of promoter and promoter group acquisitions through the rights issue amounted to Rs 5,42,35,000. The company's shares are listed on BSE Limited, and the company is headquartered at 161 Lenin Sarani, Dharmatala, Kolkata, West Bengal. These acquisitions represent significant changes in the shareholding pattern, triggering mandatory disclosure requirements under SEBI regulations.