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.

Travels & Rentals Limited has announced plans to raise funds through a rights issue of equity shares. The company has scheduled a board meeting for December 4, 2025, to determine specific terms of its previously approved rights issue worth up to ₹1,700 lakhs.

Key Details of the Rights Issue

• Issue Type: Rights Issue of Equity Shares
• Face Value: ₹10 per share
• Maximum Fund Raise: Up to ₹1,700 lakhs (₹170.00 crores)
• Eligibility: Open to existing shareholders as of the record date (to be determined)
• Board Meeting Date: December 4, 2025

The board has approved the issuance of equity shares with a face value of ₹10 each, aiming to raise an amount not exceeding ₹1,700 lakhs. The rights issue is subject to necessary statutory and regulatory approvals, including compliance with the amended SEBI (Issue of Capital and Disclosure Requirements) Amendment Regulations, 2025.

Pending Determinations

The upcoming board meeting will finalize several key aspects of the rights issue:

• Issue price
• Rights entitlement ratio
• Record date
• Timing and terms of payment

These details will be determined by the Board in accordance with applicable laws and subject to necessary approvals.

Company's Financial Position

To provide context for this fundraising initiative, let's look at Travels & Rentals Limited's recent financial position based on their balance sheet data:

The company has shown significant growth in its total assets and equity over the past year, which may have influenced the decision to pursue this rights issue for further expansion or operational needs.

Implications for Shareholders

Existing shareholders of Travels & Rentals Limited should keep an eye out for the outcomes of the December 4, 2025 board meeting, which will determine:

1. The record date for eligibility
2. The rights entitlement ratio
3. The issue price of the new shares

These factors will be crucial in determining the impact on their shareholding and the potential dilution of their current stake in the company.

The rights issue, once completed, is expected to strengthen the company's capital base and provide funds for its future plans. Shareholders and potential investors are advised to await further details and consider their investment decisions carefully based on the complete information once it becomes available.