Travels & Rentals Limited has successfully completed a significant rights issue, marking a major milestone in the company's capital expansion strategy. The Board of Directors convened on March 09, 2026, to finalize the allotment of equity shares under the previously announced rights issue program.

Rights Issue Allotment Details

The company has allotted equity shares to eligible shareholders and renouncees following the completion of the basis of allotment process. The allotment was conducted in consultation with key stakeholders including the designated registrar and stock exchange.

Capital Structure Enhancement

The successful completion of the rights issue has resulted in a substantial increase in the company's paid-up equity share capital. This capital enhancement strengthens the company's financial foundation and provides additional resources for future growth initiatives.

Regulatory Compliance and Process

The rights issue process was conducted with full regulatory compliance under SEBI Listing Regulations. The company had previously communicated about the fund-raising initiative through intimations dated November 27, 2025, and January 21, 2026. The Board meeting for the allotment approval was efficiently conducted, commencing at 07:00 P.M. and concluding at 07:45 P.M. on March 09, 2026.

Strategic Implications

The completion of this rights issue represents a significant step in Travels & Rentals Limited's capital expansion strategy. The additional capital raised through this exercise provides the company with enhanced financial flexibility and resources to pursue its business objectives. The successful allotment to eligible equity shareholders and renouncees demonstrates strong stakeholder confidence in the company's growth prospects.

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.