Proceedings of 29th Annual General Meeting held on 26th September 2025
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Travels & Rentals Limited (BSE Scrip Code: 544242) held its 29th AGM on 26 September 2025 at its registered office in Kolkata, running from 5:00 PM to 5:20 PM. Six resolutions were tabled: adoption of audited financial statements for FY ended 31 March 2025, re-appointment of Non-Executive Director Anupama Singhi via rotation, re-appointment of Devendra Bharat Parekh as Managing Director (special resolution), appointment of Secretarial Auditors, approval to borrow funds up to Rs. 50 crores under Section 180(1)(c), and omnibus approval for Related Party Transactions for FY 2025-26. Voting was conducted through remote e-voting (23–25 September 2025) and ballot box at the meeting, with no show of hands. Voting results were not declared at the meeting and will be submitted to the stock exchange within two working days.
The Rs. 50 crore borrowing approval and Related Party Transaction omnibus for FY26 expand the company's financial and operational flexibility, while continuity in leadership (Managing Director re-appointment) signals stability. Voting outcomes are pending and will shape near-term shareholder sentiment.