Description

Trading of Rights Entitlements (REs) for TRAVELS & RENTALS LIMITED permitted from February 05, 2026 to March 02, 2026, with Rights Issue opening from February 05 to March 06, 2026.

Summary

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

Key Points

  • Rights Entitlements trading permitted for TRAVELS & RENTALS LIMITED
  • Scrip Code: 751079, Scrip ID: TRAVELS-RE
  • ISIN: INE0SG020011
  • Market Lot: 3000 units
  • Group: R
  • Settlement on T+1 rolling settlement basis
  • Trade-for-trade settlement mechanism
  • REs tradable in dematerialized form only
  • Trading members must inform clients with proper disclaimers in contract notes
  • Unsubscribed or unrenounced REs will lapse after issue closing date

Regulatory Changes

No new regulatory changes. This circular follows existing framework for Rights Entitlements trading as per previous notices dated March 05, 2020 (notice no-20200305-21) and May 18, 2020 (notice no-20200518-34).

Compliance Requirements

  • Trading members must inform all clients about commencement of trading in REs
  • Trading members must mention the ISIN of the RE (INE0SG020011) to clients
  • Trading members must clarify that REs shall not be mistaken for ordinary shares
  • Trading members must include a prominent disclaimer in contract notes/bills containing purchase of REs
  • Disclaimer must inform clients that purchase of REs only gives right to participate in the ongoing Rights Issue by making application with requisite application money or renounce the REs before issue closes
  • Clients must be informed that unsubscribed or unrenounced REs will lapse and be extinguished after the Issue Closing Date

Important Dates

  • February 05, 2026: Rights Issue opens; REs trading for renunciation begins
  • March 02, 2026: Last day for REs trading for renunciation
  • March 06, 2026: Rights Issue closes; unsubscribed/unrenounced REs will lapse after this date

Impact Assessment

Market Impact: Medium - This affects existing shareholders of TRAVELS & RENTALS LIMITED who receive rights entitlements and wish to either exercise or renounce them in the market.

Operational Impact: Trading members need to ensure proper client communication and include mandatory disclaimers in contract notes. The T+1 settlement and trade-for-trade basis requires appropriate operational setup.

Investor Impact: Shareholders must be aware of the trading period and issue closing date to avoid lapsing of their rights entitlements. The 26-day trading window (Feb 05 - Mar 02) provides adequate time for renunciation decisions.

Impact Justification

Standard rights entitlements trading notification for a specific company with defined trading period and settlement mechanism