Travels & Rentals Limited has announced a comprehensive rights issue through newspaper advertisements published on February 3, 2026, providing detailed information about the upcoming equity offering to eligible shareholders.

Rights Issue Structure and Timeline

The company is offering up to 1,12,02,685 equity shares of face value ₹10 each at a price of ₹15 per share, including a premium of ₹5 per share. The total issue size aggregates up to ₹1,680.40 lakh, assuming full subscription.

Rights Entitlements and Application Process

Rights entitlements have been credited to eligible equity shareholders' demat accounts under ISIN INE0SG020011 on January 29, 2026. The company emphasizes that all applications must be submitted through the ASBA (Applications Supported by Blocked Amount) process only, in accordance with SEBI ICDR Regulations.

Key features of the application process include:

• Mandatory ASBA process for all applications
• Last date for on-market renunciation: Monday, March 2, 2026
• Payment of ₹15 per rights equity share payable on application
• Applications accepted until 5:00 PM IST on the issue closing date

Issue Material Dispatch and Availability

The dispatch of application forms, Letter of Offer dated January 22, 2026, and rights entitlement letters has been completed on January 30, 2026. Issue materials have been sent electronically to shareholders who provided email addresses, while physical dispatch was made to Indian addresses on a reasonable effort basis for others.

Regulatory Compliance and Listing

The existing equity shares of Travels & Rentals Limited are listed on the SME Platform of BSE Limited. The company has received in-principle approval from BSE for listing the rights equity shares through their letter dated January 20, 2026.

Cameo Corporate Services Limited serves as the Registrar to the Issue, with contact details provided for investor queries and grievances. The company confirms that no specific investors have been recognized for allotment in any under-subscribed portion, and promoters have confirmed they will not renounce in favor of any specific investors.

Important Disclaimers and Restrictions

The rights entitlements and rights equity shares have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States. The offering is being made only in offshore transactions to eligible equity shareholders located in jurisdictions where such offers are permitted under applicable laws.

Travels & rentals Limited has finalized the terms of its rights issue following a board meeting held on January 21, 2026. The company's board approved the issuance of 1,12,02,685 fully paid-up equity shares, raising ₹1,680.40 crores through this capital-raising exercise. This development follows the board's initial approval granted on November 27, 2025, for a rights issue of up to ₹1,700.00 lakhs.

Rights Issue Structure and Pricing

The rights issue has been structured with favorable terms for existing shareholders. Each equity share carries a face value of ₹10.00 and will be offered at ₹15.00 per share, including a premium of ₹5.00. The entire issue price must be paid at the time of application, with no installment payment option available.

Timeline and Key Dates

The company has established a comprehensive schedule for the rights issue process. The record date for determining eligible shareholders has been set for January 28, 2026. This date will determine which shareholders are entitled to participate in the rights offering based on their holdings.

Share Capital Impact

The rights issue will significantly impact the company's equity structure upon completion. Currently, Travels & Rentals Limited has 1,12,02,685 fully paid-up equity shares outstanding. Assuming full subscription of the rights issue, the total number of shares will double to 2,24,05,370 equity shares.

Rights Entitlement Process

The company has made arrangements with both NSDL and CDSL for the electronic credit of rights entitlements. Eligible shareholders will receive their rights entitlements in dematerialized form directly in their demat accounts prior to the issue opening date. This process follows SEBI guidelines outlined in circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020.

Board Meeting Details

The board meeting that finalized these rights issue terms was conducted on January 21, 2026, commencing at 5:30 PM and concluding at 5:50 PM. The board retains the right to extend the issue period as deemed necessary, though the issue will not remain open for more than 30 days from the opening date. Additionally, no withdrawal of applications will be permitted after the issue closing date.