Disclosure under Regulation- Notice of EGM to be held on 12 June 2025
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Travels & Rentals Limited has called an Extraordinary General Meeting on Thursday, 12 June 2025 at 3:00 PM, to be held via video conferencing. The sole agenda item is to increase the company's Authorised Share Capital from Rs. 12 crore (1.20 crore equity shares of Rs. 10 each) to Rs. 25 crore (2.50 crore equity shares of Rs. 10 each), and to amend Clause V of the Memorandum of Association accordingly. The Board approved this proposal at its meeting held on 15 May 2025, citing increased fund requirements of the company. The resolution will be passed as an Ordinary Resolution. E-voting will be open from 9 June (9:00 AM) to 11 June (5:00 PM), with 4 June 2025 set as the cut-off date to determine eligible shareholders. Mr. Binay Kumar Pandey, Practising Company Secretary, has been appointed as the Scrutinizer for the EGM.
Increasing authorised share capital by more than double does not immediately dilute existing shareholders but creates room for the company to issue additional equity shares in the future. Retail investors should watch this as a potential early signal that the company may be planning a fundraising round or equity-based acquisition in the coming months. The actual impact on share price or holdings will depend on whether and when new shares are issued against this expanded capital base.