Description

TRAVELS & RENTALS LIMITED has fixed record date of 28/01/2026 for rights issue of 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 fixed as 28th January 2026. Eligible shareholders will receive 1 equity share of Rs.10/- face value for every 1 equity share held, at an issue price of Rs.15/- per share (including premium of Rs.5/-). Trading in the company’s equity shares will be conducted on ex-rights basis from 28th January 2026.

Key Points

  • Company: TRAVELS & RENTALS LIMITED (Scrip Code: 544242)
  • Rights Ratio: 1:1 (1 new equity share for every 1 existing equity share)
  • Face Value: Rs.10/- per share
  • Premium: Rs.5/- per share
  • Issue Price: Rs.15/- per share (payable in full at application)
  • Record Date: 28th January 2026
  • Ex-Rights Date: 28th January 2026
  • Settlement Number: DR-807/2025-2026
  • Segment: Dematerialised Securities - Rolling Settlement

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for a rights issue in accordance with existing securities regulations.

Compliance Requirements

  • Trading members must execute all transactions in TRAVELS & RENTALS LIMITED equity shares on ex-rights basis from 28th January 2026
  • Eligible shareholders must pay the entire issue price of Rs.15/- per share at the time of application
  • Trading members are required to take note of the ex-rights trading arrangement

Important Dates

  • Circular Date: 22nd January 2026
  • Record Date: 28th January 2026
  • Ex-Rights Trading Begins: 28th January 2026 (Settlement No. DR-807/2025-2026)

Impact Assessment

Shareholder Impact: Existing shareholders holding shares on the record date will be entitled to subscribe to additional equity shares on a 1:1 basis at Rs.15/- per share, which represents a premium of Rs.5/- over face value. Full payment required at application.

Trading Impact: From 28th January 2026, all trades in TRAVELS & RENTALS LIMITED will be executed on ex-rights basis, meaning buyers after this date will not be entitled to participate in the rights issue.

Market Impact: The rights issue will result in dilution of existing shareholding for those who do not subscribe. The 1:1 ratio indicates significant equity expansion.

Impact Justification

Rights issue for existing shareholders with specific record date and pricing details. Medium impact limited to shareholders of TRAVELS & RENTALS LIMITED.