Proceedings of EGM held on Thursday 12th June 2025
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Travels & Rentals Limited held an Extra-Ordinary General Meeting on Thursday, June 12, 2025, at its registered office in Kolkata from 3:00 PM to 3:16 PM. The sole item of business was an Ordinary Resolution to increase the Authorized Share Capital and alter the Capital clause in the Memorandum of Association. All key managerial personnel attended, including Managing Director Devendra Bharat Parekh, Executive Director Tushar Singhi, Non-Executive Director Anupama Singhi, CFO Sayad Aziz Ahmad, and Company Secretary Jaya Jain. Remote e-voting was conducted from June 9 to June 11, 2025, with additional e-voting facility available during the meeting. One corporate shareholder holding 4,50,625 shares (4.02% of voting capital) appointed a representative under Section 113 of the Companies Act 2013. Voting results are awaited and will be announced within two working days.
The proposed increase in Authorized Share Capital gives the company flexibility to issue new shares in the future, which could lead to equity dilution or future fundraising but does not immediately affect existing shareholders. Investors should wait for the voting results to confirm shareholder approval.