Travels & Rentals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/05/2025 ,inter alia, to consider and approve Pursuant to Regulation 29 ....
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Travels & Rentals Ltd has informed BSE that its Board of Directors will meet on 15th May 2025 at the registered office in Kolkata. The main agenda items are to consider a proposal for increasing the Authorised Share Capital of the company, and to finalise the date, time, venue and notice for an upcoming Extraordinary General Meeting (EGM). The company also confirmed that the trading window for dealing in equity shares remains closed for designated persons (including directors and their immediate relatives) from 1st April 2025 until 48 hours after the audited financial results for the period ending 31st March 2025 are made public. The intimation was signed by Managing Director Devendra Bharat Parekh.
A proposal to raise Authorised Share Capital is typically a precursor to issuing new shares, which could lead to dilution for existing shareholders pending the Board's decision and EGM approval. The closed trading window also signals that audited results are imminent, which may influence short-term price movement.