Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Travels & Rentals Limited reported share allotments under a Rights Issue that nearly doubled the company's equity share capital from 1.12 crore to 2.13 crore shares. Three allottees disclosed their acquisitions: promoter Devendra Bharat Parekh received 16,83,000 shares (taking his holding to 50,48,390 shares), promoter Aruna Parekh received 11,88,000 shares (taking her holding to 35,59,670 shares), and non-promoter Pushpa Bhaju received 30,00,000 shares (taking her holding to 32,61,000 shares or 15.27%). All allotments were made on March 9, 2026, on a rights basis. The combined promoter holding of Devendra and Aruna Parekh was diluted from roughly 51% to around 40% as a result of the expanded share base, even though their absolute share count increased.
Combined promoter shareholding has fallen below 50%, reducing promoter control of the company. A non-promoter (Pushpa Bhaju) now holds over 15% of the company, making her a significant shareholder whose actions could influence future corporate decisions. For retail investors, the change in promoter shareholding below 50% is a key corporate governance signal worth tracking.