Pursuant to Regulation 34(1) of SEBI(LODR) Regulations, 2015, Please find enclosed Annual Report of the Company along with the Notice of 29th Annual General Meeting of the company along ....
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Travels & Rentals Limited has submitted its Annual Report for FY2024-25 along with the Notice for its 29th Annual General Meeting to BSE under Regulation 34(1) of SEBI LODR. The AGM is scheduled for 26th September 2025 at 5:00 PM at the registered office in Kolkata. Key items on the agenda include adoption of FY25 audited financials, re-appointment of Mrs. Anupama Singhi (Non-Executive Director) by rotation, and re-appointment of Mr. Devendra Bharat Parekh as Managing Director for another 5-year term (Nov 2025 to Nov 2030) with a salary cap of Rs. 2 lakh per month. Other resolutions seek approval to borrow up to Rs. 50 crore, appoint M/s BKP & Associates as Secretarial Auditor for 5 years at Rs. 50,000 per annum, and grant omnibus approval for related party transactions up to Rs. 200 crore for FY2025-26. The company is in the travel services business with Kotak Mahindra Bank and ICICI Bank as bankers.
This is a routine annual filing, but shareholders should note the proposed borrowing limit of Rs. 50 crore and related party transaction cap of Rs. 200 crore, both of which signal potential expansion or higher business activity ahead. The MD reappointment ensures leadership continuity for the next five years.