Outcome of the Meeting of Board of Directors of Travels & Rentals Limited for Allotment of Equity Shares under Rights Issue of the Company.
Price
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On the reaction day the stock moved 7.3 pts less than Nifty Microcap 250 and 3.0 pts less than its Tour, Travel Related Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Travels & Rentals Ltd has completed the allotment of 1,01,52,000 fully paid-up equity shares under its Rights Issue at a price of ₹15 per share (face value ₹10), raising approximately ₹15.23 crore. The Board approved the allotment on March 9, 2026, after finalising the basis of allotment in consultation with the registrar and BSE. As a result, the company's paid-up equity share capital has increased from ₹11.20 crore to ₹21.35 crore. The issue was open to eligible existing shareholders and renouncees.
Dilution for shareholders as the share count nearly doubles, though the modest premium over face value and the small size of the raise limit the impact. Fresh equity strengthens the company's capital base, but the specific use of funds has not been disclosed in this filing.