Outcome of the Board Meeting held today i.e. Thursday, November 27, 2025 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Travels & Rentals Limited, in a board meeting held on November 27, 2025 (from 6:15 PM to 6:45 PM), approved raising funds of up to ₹1,700 Lakhs (₹17 crore) through a Rights Issue of equity shares with a face value of ₹10 each. The rights issue will be offered to existing eligible equity shareholders on a record date that is yet to be determined and notified. The exact issue price, entitlement ratio, record date, and timeline will be decided by the Board later, in line with SEBI ICDR Regulations. The fundraise is subject to statutory and regulatory approvals. The disclosure has been made under Regulation 30 of SEBI Listing Regulations, with details attached as Annexure A.
Existing shareholders should watch for the record date announcement, as they will get the right to subscribe to the issue in proportion to their current shareholding. If they don't exercise their rights, their percentage stake in the company could get diluted. The actual cost and dilution impact will depend on the issue price and entitlement ratio, which the company has not yet announced.