Intimation regarding postponement and rescheduling of the Board Meeting of Travels & Rentals Limited
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Travels & Rentals Limited has postponed its Board of Directors meeting originally scheduled for December 4, 2025. The meeting was meant to consider and approve the record date, issue price, entitlement ratio, and other terms for a proposed Rights Issue, which had been approved by the Board on November 27, 2025. The postponement is because the in-principle approval from BSE for the Rights Issue is still under process. The rescheduled meeting will take place on the next working day after the company receives the in-principle approval letter from the stock exchange.
The delay is procedural and tied to pending exchange clearance, not a change in the Rights Issue plan itself. Shareholders should expect the record date, issue price, and entitlement ratio to be finalised only after BSE grants its in-principle approval, which may temporarily push out the rights issue timeline.