Travels & Rentals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/12/2025 ,inter alia, to consider and approve discuss and decide various ....
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Awaiting price reaction for this filing.
Travels & Rentals Ltd has informed BSE that its Board of Directors will meet on Thursday, December 4, 2025, to finalise the terms of a Rights Issue that was approved earlier on November 27, 2025. The Board will decide the Rights Issue price, payment mechanism, entitlement ratio, record date, and the timing of the issue. The Rights Issue involves equity shares of face value ₹10 each, for a total amount not exceeding ₹1,700 lakhs, to be offered to eligible existing shareholders. The filing is a regulatory disclosure under SEBI Listing Regulations and does not itself constitute the issue.
No immediate price impact expected from this filing alone — it is a procedural notice. Shareholders should watch for the post-meeting outcome on December 4 for confirmed issue price, ratio, and record date, which will determine whether the ₹1,700 lakh Rights Issue is dilutive or value-neutral for existing holders.