Description

Trading of Rights Entitlements (REs) for renunciation of TRAVELS & RENTALS LIMITED commences on February 05, 2026, with the 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 effective from Thursday, February 05, 2026. The Rights Issue will remain open from February 05, 2026 to March 06, 2026. Trading in REs will be conducted on a T+1 rolling settlement basis with trade-for-trade settlement, and REs will be tradable in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted from February 05, 2026 to March 02, 2026
  • Scrip Code: 751079, Scrip ID: TRAVELS-RE, ISIN: INE0SG020011
  • Market Lot: 3000 units, Group: R
  • Settlement on T+1 rolling settlement basis with trade-for-trade execution
  • REs tradable only in dematerialized form
  • REs not subscribed or renounced by issue closing date will lapse and be extinguished
  • Trading members must inform clients that REs provide right to participate in Rights Issue or renounce
  • Contract notes must include prominent disclaimer about REs being distinct from ordinary shares

Regulatory Changes

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

Compliance Requirements

Trading Members must:

  • 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
  • Clarify that REs give right to participate in Rights Issue or renounce before closure
  • Warn clients that un-subscribed/un-renounced REs will lapse after Issue Closing Date
  • Refer to notice numbers 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020) for detailed procedures

Important Dates

  • February 03, 2026: Notice date
  • February 05, 2026: Rights Issue opens; RE trading for renunciation begins
  • March 02, 2026: Last day for RE trading/renunciation
  • March 06, 2026: Rights Issue closes; un-exercised REs will lapse and be extinguished after this date

Impact Assessment

Market Impact: Medium - Limited to shareholders and potential investors of TRAVELS & RENTALS LIMITED. Creates temporary trading opportunity for rights renunciation.

Operational Impact: Trading members need to ensure proper client communication and contract note disclaimers. Settlement teams must handle T+1 trade-for-trade settlement for REs.

Investor Impact: Existing shareholders receive opportunity to subscribe to Rights Issue or trade their entitlements. Investors purchasing REs must understand they acquire participation rights, not equity shares, and must act before March 06, 2026 to avoid lapsing.

Impact Justification

Rights entitlements trading announcement for a specific company with defined trading and settlement procedures, affecting shareholders and traders of TRAVELS & RENTALS LIMITED