Description

Trading in Rights Entitlements (REs) for TRAVELS & RENTALS LIMITED commences February 05, 2026 to March 02, 2026, with Rights Issue open 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. Trading will be permitted from February 05, 2026 to March 02, 2026, with the Rights Issue opening from February 05, 2026 to March 06, 2026. The REs will be settled on T+1 rolling settlement basis, trade-for-trade, and will be tradable in dematerialized form only.

Key Points

  • Company: TRAVELS & RENTALS LIMITED
  • Scrip Code: 751079
  • Scrip ID: TRAVELS-RE
  • ISIN: INE0SG020011
  • Market Lot: 3000
  • Group: R
  • Settlement: T+1 Rolling Settlement, trade-for-trade basis
  • REs tradable in dematerialized form only
  • REs that are neither subscribed nor renounced before issue closing date will lapse and be extinguished

Regulatory Changes

No new regulatory changes. Trading members are requested to refer to notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020 for existing guidelines.

Compliance Requirements

  • Trading members must inform all clients about the commencement of trading in REs, mentioning the ISIN of the RE
  • Trading members must clarify that REs shall not be mistaken for ordinary shares
  • Contract notes/bills containing purchase of REs must include a prominent disclaimer informing clients that:
    • Purchase of REs only gives the right to participate in the ongoing Rights Issue by making an application with requisite application money or renounce the REs before issue closes
    • REs which are neither subscribed nor renounced on or before the Issue Closing Date shall lapse and be extinguished after the Issue Closing Date

Important Dates

  • February 05, 2026: Trading period for renunciation of Rights Entitlements begins
  • February 05, 2026: Rights Issue opens
  • March 02, 2026: Trading period for renunciation of Rights Entitlements ends
  • March 06, 2026: Rights Issue closes

Impact Assessment

This circular has medium impact on shareholders and trading members of TRAVELS & RENTALS LIMITED. Shareholders holding rights entitlements must decide within the specified period whether to subscribe to the rights issue, renounce their entitlements through trading, or allow them to lapse. Trading members must ensure proper disclosure and client communication to avoid confusion between REs and ordinary shares. The T+1 settlement and trade-for-trade basis requires careful attention to settlement processes.

Impact Justification

Affects shareholders of TRAVELS & RENTALS LIMITED who need to trade or exercise rights entitlements during specific trading window