Description

TRAVELS & RENTALS LIMITED has fixed record date for rights issue offering 1 equity share for every 1 equity share held at Rs.15/- per share.

Summary

TRAVELS & RENTALS LIMITED (Scrip Code: 544242) has announced a rights issue with record date set for January 28, 2026. The company is offering 1 equity share of Rs.10/- each for every 1 equity share held, at a total issue price of Rs.15/- per share (including premium of Rs.5/-). Trading on ex-rights basis will commence from January 28, 2026 (Settlement No. DR-807/2025-2026).

Key Points

  • Rights ratio: 1:1 (One new equity share for every one existing equity share)
  • Face value: Rs.10/- per share
  • Premium: Rs.5/- per share
  • Total issue price: Rs.15/- per share
  • Payment: Full issue price payable at application
  • Security type: Dematerialised securities in rolling settlement segment
  • Scrip Code: 544242

Regulatory Changes

No regulatory changes. This is a corporate action notification.

Compliance Requirements

  • Trading members must execute all transactions in the equity shares on ex-rights basis from January 28, 2026
  • Full issue price of Rs.15/- per share must be paid at the time of application
  • Trading members are required to note and comply with the ex-rights trading requirements

Important Dates

  • Record Date: January 28, 2026
  • Ex-Rights Date: January 28, 2026
  • Settlement Number: DR-807/2025-2026
  • Circular Date: January 22, 2026

Impact Assessment

Market Impact: Medium - The 1:1 rights ratio represents significant capital raising activity. Existing shareholders will need to decide whether to subscribe to maintain their proportional ownership.

Shareholder Impact: Shareholders on record as of January 28, 2026 will be eligible to participate in the rights issue. Non-participation will result in dilution of ownership percentage.

Trading Impact: Stock will trade ex-rights from January 28, 2026, which may result in price adjustment reflecting the rights entitlement separation.

Impact Justification

Rights issue affects existing shareholders with 1:1 ratio offering at premium price. Material event for shareholders requiring action decision.