Pushpa Bhaju disclosed acquisition of 30,00,000 shares in Travels & Rentals Limited through rights issue on March 09, 2026, under SEBI takeover regulations. Her shareholding increased from 2,61,000 shares (2.33%) to 32,61,000 shares (15.27%). The company's equity capital expanded from 1,12,02,685 to 2,13,54,685 fully paid-up shares of Rs. 10 each. The acquisition was completed without any encumbrances, with shares listed on BSE Limited.

Pushpa Bhaju Discloses Substantial Acquisition of 30,00,000 Shares in Travels & Rentals Limited

Pushpa Bhaju has formally disclosed the substantial acquisition of 30,00,000 shares in travels & rentals under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was filed with BSE Limited on March 19, 2026, as required under Regulation 29(1) of the takeover regulations.

Acquisition Details

The share acquisition was completed through a rights issue on March 09, 2026. Pushpa Bhaju, who is not part of the promoter or promoter group, significantly increased her stake in the company through this transaction.

Parameter Before Acquisition Acquisition After Acquisition Number of Shares 2,61,000 30,00,000 32,61,000 Percentage Holding 2.33% 12.94% 15.27% Voting Rights 2.33% 12.94% 15.27%

Share Capital Changes

The acquisition resulted in a substantial expansion of Travels & Rentals Limited's equity share capital. The company's share capital structure underwent the following changes:

Share Capital Details Before Acquisition After Acquisition Total Equity Shares 1,12,02,685 2,13,54,685 Face Value per Share Rs. 10 Rs. 10 Share Type Fully paid-up equity shares Fully paid-up equity shares

Regulatory Compliance

The disclosure confirms that Pushpa Bhaju holds no encumbrances such as pledges, liens, or non-disposal undertakings on the acquired shares. Additionally, there are no voting rights held otherwise than by equity shares, and no warrants or convertible securities are involved in this transaction.

Market Listing

Travels & Rentals Limited shares are listed on BSE Limited. The company is headquartered at 161 Lenin Sarani, Dharmatala, Kolkata, West Bengal, with the disclosure being filed in compliance with stock exchange requirements for substantial shareholding changes.

This acquisition represents a significant increase in Pushpa Bhaju's stake in the company, moving from a minor shareholding position to holding over 15% of the company's voting capital, thereby triggering the mandatory disclosure requirements under SEBI regulations.

Travels & Rentals Limited has successfully completed a significant rights issue, marking a major milestone in the company's capital expansion strategy. The Board of Directors convened on March 09, 2026, to finalize the allotment of equity shares under the previously announced rights issue program.

Rights Issue Allotment Details

The company has allotted equity shares to eligible shareholders and renouncees following the completion of the basis of allotment process. The allotment was conducted in consultation with key stakeholders including the designated registrar and stock exchange.

Parameter: Details Shares Allotted: 1,01,52,000 fully paid-up equity shares Issue Price: ₹15 per equity share Face Value: ₹10 per equity share Total Issue Size: 1,12,02,685 equity shares (originally planned) Registrar: Cameo Corporate Services Limited Designated Stock Exchange: BSE Limited

Capital Structure Enhancement

The successful completion of the rights issue has resulted in a substantial increase in the company's paid-up equity share capital. This capital enhancement strengthens the company's financial foundation and provides additional resources for future growth initiatives.

Capital Component: Before Rights Issue After Rights Issue Change Paid-up Equity Capital: ₹11,20,26,850 ₹21,35,46,850 +₹10,15,20,000 Additional Shares: - 1,01,52,000 New Addition

Regulatory Compliance and Process

The rights issue process was conducted with full regulatory compliance under SEBI Listing Regulations. The company had previously communicated about the fund-raising initiative through intimations dated November 27, 2025, and January 21, 2026. The Board meeting for the allotment approval was efficiently conducted, commencing at 07:00 P.M. and concluding at 07:45 P.M. on March 09, 2026.

Strategic Implications

The completion of this rights issue represents a significant step in Travels & Rentals Limited's capital expansion strategy. The additional capital raised through this exercise provides the company with enhanced financial flexibility and resources to pursue its business objectives. The successful allotment to eligible equity shareholders and renouncees demonstrates strong stakeholder confidence in the company's growth prospects.

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