Please fing attached the Voting Results along with Scrutinizers Report of EGM held on 12th June 2025.
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Travels & Rentals Limited held an Extra-Ordinary General Meeting on June 12, 2025, to seek shareholder approval for increasing the company's Authorised Share Capital. The resolution was passed with 100% approval from members who voted. Of the 1,12,02,685 total shares outstanding, only 68,52,685 votes (61.17%) were polled — all from the promoter and promoter group, who voted entirely in favour. No public institutional or non-institutional shareholders participated in the voting. The scrutinizer's report was issued by BKP & Associates, Practising Company Secretaries, confirming the validity of the e-voting process conducted via CDSL.
The increase in authorised share capital gives the company flexibility to issue new shares in the future, which could be used for fundraising, acquisitions, or stock splits, potentially leading to dilution for existing shareholders. The complete absence of public shareholder participation is a notable red flag for retail investors — only promoters voted on a resolution that materially affects the capital structure.