Annual Report of Travels & Rentals for FY 2024-25
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Travels & Rentals Limited has submitted its Annual Report for FY 2024-25 along with the notice of its 29th Annual General Meeting scheduled for 26 September 2025 in Kolkata. The AGM agenda includes adopting the audited financial statements, re-appointing Director Anupama Singhi by rotation, and re-appointing Managing Director Devendra Bharat Parekh for another 5-year term (November 2025 to November 2030) with a salary of up to Rs 2 lakh per month plus perquisites. Shareholders will also be asked to appoint M/s BKP & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), approve a borrowing limit of up to Rs 50 crore, and grant omnibus approval for related party transactions up to Rs 200 crore for FY 2025-26.
Routine annual compliance filing with no immediate material impact on shareholders. The Rs 200 crore related party transaction limit and Rs 50 crore borrowing cap are notable items shareholders should review before voting at the AGM on 26 September 2025.