Right Move, Right Time: Travels & Rentals Announces Major Rights Issue

Updated: November 27, 2025 23:30

Image Source: Chittorgarh

Travels & Rentals Limited plans a rights issue to raise ₹1,700 lakhs, offering equity shares to existing shareholders. Final details like issue price and entitlement ratio will be announced after regulatory approvals. This move aims to bolster the company’s capital for future expansion.

Travels & Rentals Limited has announced its intention to raise up to ₹1,700 lakhs (₹170 crores) through a rights issue of equity shares. The Board of Directors approved this move during its meeting held on November 27, 2025, with the issuance subject to regulatory and statutory approvals as per the amended SEBI ICDR Regulations, 2025. The rights issue will be offered to eligible equity shareholders, with final details such as issue price, entitlement ratio, and record date to be disclosed in due course.

Key Highlights

The rights issue involves equity shares with a face value of ₹10 each.
The total amount to be raised is capped at ₹1,700 lakhs (₹170 crores).
Eligible shareholders will be determined based on the record date, which will be announced later.
Issue price, rights entitlement ratio, and payment terms will be finalized after receiving necessary approvals.
The rights issue is subject to compliance with SEBI ICDR Amendment Regulations, 2025, and other applicable laws.
The move is expected to strengthen the company’s capital base for future growth and operational needs.

Notable Updates

The rights issue process has been streamlined under the new SEBI ICDR framework, reducing timelines and regulatory layers.
Shareholders should monitor official communications for updates on the record date, entitlement ratio, and issue price.
The rights issue will offer strategic flexibility, including the option for promoters to renounce their entitlements in favor of specific investors, as permitted by the latest regulations.

Major Takeaways

Existing shareholders have the first right to subscribe to new shares at a preferential price.
The rights issue is a capital-raising measure that can potentially dilute existing holdings if not fully subscribed.
The company’s recent financial growth may have prompted the need for additional fund

Source: Travels & Rentals Limited Official Announcement, SEBI ICDR Amendment Regulations, 2025

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