Record date fixed for the purpose of determining the Equity shareholders entitled to receive the rights entitlement in the Rights Issue.
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Travels & Rentals Limited has fixed Wednesday, January 28, 2026, as the record date to identify equity shareholders eligible for its upcoming Rights Issue. The company plans to issue up to 1,12,02,685 fully paid-up equity shares of face value ₹10 each, aggregating to about ₹16.80 crores, in a 1:1 ratio (one rights share for every one share held). The issue price is set at ₹15 per share, which includes a ₹5 premium over face value. If fully subscribed, the company's total outstanding shares will double from about 1.12 crore to 2.24 crore. The rights issue opens on February 5, 2026, and closes on March 6, 2026, with renunciation windows in between.
Shareholders must hold shares as of January 28, 2026, to receive their rights entitlement. Existing investors will need to invest additional capital to maintain their proportional ownership, as the share count will double on full subscription. The issue price of ₹15 is close to face value, making the terms potentially attractive depending on the prevailing market price.