Description

Trading in Rights Entitlements (REs) for renunciation of TRAVELS & RENTALS LIMITED commences from February 05, 2026 to March 02, 2026 on T+1 rolling settlement basis.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for TRAVELS & RENTALS LIMITED. Shareholders can trade these entitlements for renunciation from February 05, 2026 to March 02, 2026. The Rights Issue itself will remain open from February 05, 2026 to March 06, 2026. Trading will be conducted on a T+1 rolling settlement basis with trade-for-trade execution in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted from Thursday, February 05, 2026 to Monday, March 02, 2026
  • Scrip Code: 751079, Scrip ID: TRAVELS-RE, ISIN: INE0SG020011
  • Market Lot: 3000 shares, Group: R
  • Rights Issue open period: February 05, 2026 to March 06, 2026
  • Settlement on T+1 Rolling Settlement basis with trade-for-trade execution
  • Trading permitted in dematerialized form only
  • REs that are neither subscribed nor renounced before issue closing date will lapse and be extinguished

Regulatory Changes

No regulatory changes. This is a standard operational notice for rights entitlement trading under existing SEBI regulations.

Compliance Requirements

For Trading Members:

  • Inform all clients about commencement of RE trading with proper ISIN identification
  • Ensure clients understand REs are not ordinary shares of the company
  • Include prominent disclaimer in contract notes/bills for RE purchases stating:
    • Purchase of REs only provides right to participate in ongoing Rights Issue by submitting application with requisite money
    • REs can be renounced before issue closes
    • Un-subscribed and un-renounced REs will lapse after Issue Closing Date
  • Refer to notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020 for detailed guidelines

For Investors:

  • Must hold REs in dematerialized form for trading
  • Must either subscribe with application money or renounce REs before March 06, 2026 to avoid lapse

Important Dates

  • February 05, 2026: RE trading commences; Rights Issue opens
  • March 02, 2026: Last day for RE trading/renunciation
  • March 06, 2026: Rights Issue closes; deadline for subscription or renunciation
  • Post March 06, 2026: Un-exercised REs will lapse and be extinguished

Impact Assessment

Market Impact: Medium - affects existing shareholders of TRAVELS & RENTALS LIMITED who hold rights entitlements.

Operational Impact: Trading members must ensure proper client communication and include mandatory disclaimers in contract notes. The trade-for-trade settlement mechanism requires careful execution monitoring.

Investor Impact: Shareholders must actively decide to either subscribe to the rights issue, renounce their entitlements through market trading, or risk losing their entitlements after the closing date. The 30-day window (Feb 5 - Mar 6) provides adequate time for decision-making.

Impact Justification

Standard rights entitlement trading notification affecting shareholders of TRAVELS & RENTALS LIMITED who wish to participate or renounce their rights during the issue period.