Board of Directors has inter alia approved and adopted Letter of Offer and other Issue materials for the proposed Rights Issue.
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Travels & Rentals Ltd announced that its Board of Directors, at a meeting held on January 22, 2026, approved and adopted the Letter of Offer, Rights Entitlement Letter, Common Application Form, and other issue materials for a proposed Rights Issue. These documents will be filed with BSE and SEBI and then sent to eligible shareholders. The Record Date for identifying eligible equity shareholders has been set as January 28, 2026. The Board meeting lasted only 30 minutes, from 5:00 PM to 5:30 PM, suggesting this was a procedural approval step.
Shareholders on the record date (January 28, 2026) will receive rights entitlements to subscribe to additional shares. The exact ratio, price, and discount of the rights issue are not disclosed in this filing and will be available in the Letter of Offer. Investors should watch for dilution risk and the pricing terms when the offer is dispatched.