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  3. Travels & Rentals Limited Completes Rights Issue Allotment of 1.01 Crore Equity Shares
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  • 09 Mar 2026
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 Travels & Rentals Limited Completes Rights Issue Allotment of 1.01 Crore Equity Shares

Travels & Rentals Limited has completed its rights issue with the allotment of 1,01,52,000 fully paid-up equity shares at ₹15 per share on March 09, 2026. The successful allotment has increased the company's paid-up equity share capital from ₹11,20,26,850 to ₹21,35,46,850, adding ₹10,15,20,000 to the capital base. The process was conducted in consultation with Cameo Corporate Services Limited and BSE Limited, ensuring full regulatory compliance under SEBI Listing Regulations.

Travels & Rentals Limited Completes Rights Issue Allotment of 1.01 Crore Equity Shares

Travels & Rentals Limited Completes Historic Rights Issue

Travels & Rentals Limited has achieved a significant milestone in its capital expansion strategy by successfully completing a major rights issue. This notable achievement underscores the company's commitment to growth and development.

Key Highlights of the Rights Issue

  • Capital Expansion Strategy:** The rights issue is a crucial step in the company's plan to expand its capital base and support future growth initiatives.
  • Significant Milestone:** The successful completion of the rights issue marks a major milestone for Travels & Rentals Limited, demonstrating the company's ability to execute its growth strategy.
  • Board of Directors' Approval:** The company's Board of Directors convened on March 09, 2026, to finalize the allotment of equity shares under the rights issue.

The rights issue is a testament to Travels & Rentals Limited's commitment to its shareholders and stakeholders. The company's ability to execute this significant transaction underscores its financial strength and stability.

Company's Future Growth Plans

With the successful completion of the rights issue, Travels & Rentals Limited is well-positioned to drive future growth initiatives. The company will continue to explore opportunities to expand its services and offerings, further solidifying its position in the market.

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