{"id":82059,"date":"2026-02-05T19:44:53","date_gmt":"2026-02-05T14:14:53","guid":{"rendered":"https:\/\/newswireindia.in\/index.php\/2026\/02\/05\/travels-and-rentals-ltd-announces-rs-16-80-crore-rights-issue-record-date-set-for-jan-28\/"},"modified":"2026-02-05T19:44:53","modified_gmt":"2026-02-05T14:14:53","slug":"travels-and-rentals-ltd-announces-rs-16-80-crore-rights-issue-record-date-set-for-jan-28","status":"publish","type":"post","link":"https:\/\/newswireindia.in\/index.php\/2026\/02\/05\/travels-and-rentals-ltd-announces-rs-16-80-crore-rights-issue-record-date-set-for-jan-28\/","title":{"rendered":"Travels and Rentals Ltd Announces Rs 16.80 Crore Rights Issue; Record Date Set for Jan 28"},"content":{"rendered":"

Mumbai (Maharashtra) [India], February 05: <\/strong>Travels & Rentals Limited<\/a>, a BSE SME-listed travel services company, has announced a Rights Issue worth Rs 16.80 crore, aimed at strengthening its working capital position and supporting general corporate requirements. The company\u2019s rights issue will open on February 5, 2026 and close on March 6, 2026, as per information shared by the company.<\/p>\n

The\u00a0record date\u00a0for determining eligible shareholders has been fixed as\u00a0January 28, 2026. The issue will be offered in the ratio of\u00a01:1, meaning shareholders will be entitled to apply for\u00a0one equity share for every one equity share held\u00a0as on the record date.<\/p>\n

Issue details and pricing<\/h3>\n

The rights issue is priced at\u00a0Rs 15 per equity share, with a\u00a0face value of Rs 10 per share. The total issue size is\u00a0Rs 16,80,40,275, making it one of the notable fundraising initiatives in the BSE SME segment for the travel and tourism services sector.<\/p>\n

Rights issues are generally seen as a shareholder-friendly fundraising method, allowing existing investors the first right to participate in capital raising while maintaining their ownership stake, if they choose to subscribe.<\/p>\n

The company has also highlighted that the\u00a0last date for on-market renunciation\u00a0of Rights Entitlements (REs) is\u00a0March 2, 2026. Rights entitlements are tradable instruments credited to eligible shareholders, enabling them to either subscribe to the issue or sell the entitlements on the stock exchange during the renunciation period.<\/p>\n

Use of proceeds: Working capital in focus<\/h3>\n

The company plans to deploy the proceeds largely towards working capital needs, which is critical for travel service businesses that handle frequent bookings, vendor payments, and operational cash cycles.<\/p>\n

According to the stated objectives, the issue proceeds will be utilised as follows:<\/p>\n

    \n
  • \n

    Working Capital Requirements: Rs 1,205.40 lakh<\/p>\n<\/li>\n

  • \n

    General Corporate Purposes: Rs 400 lakh<\/p>\n<\/li>\n

  • \n

    Estimated Issue-related Expenses: Rs 75 lakh<\/p>\n<\/li>\n

  • \n

    Total Issue Proceeds:\u00a0Rs\u00a01,680.40 lakh<\/p>\n<\/li>\n<\/ul>\n

    Industry experts note that working capital availability is especially important for travel companies as the sector experiences fluctuations in demand, seasonal booking trends, and increasing customer expectations for seamless services.<\/p>\n

    Company background and operations<\/h3>\n

    Travels & Rentals Limited, established in\u00a01996, brings more than\u00a025 years of experience\u00a0in the travel services industry. The company is promoted by founding promoter\u00a0Devendra Bharat Parekh\u00a0and was listed on the\u00a0BSE SME platform on September 5, 2024.<\/p>\n

    The company offers a broad portfolio of travel-related products and services designed to deliver end-to-end travel solutions. These include:<\/p>\n

      \n
    • \n

      Airline ticketing<\/p>\n<\/li>\n

    • \n

      Hotel bookings<\/p>\n<\/li>\n

    • \n

      Tour packages<\/p>\n<\/li>\n

    • \n

      Rail tickets<\/p>\n<\/li>\n

    • \n

      Travel insurance<\/p>\n<\/li>\n

    • \n

      Passport and visa processing<\/p>\n<\/li>\n

    • \n

      Other travel-related value-added services<\/p>\n<\/li>\n<\/ul>\n

      With a diversified service basket, the company aims to cater to both leisure and business travellers while supporting customers with travel documentation and additional services that are increasingly becoming part of integrated travel offerings.<\/p>\n

      Accreditations and industry memberships<\/h3>\n

      The company is accredited by the\u00a0International Air Transport Association (IATA), and is also recognised by the\u00a0Ministry of Tourism, Government of India. It is a member of prominent travel trade bodies including:<\/p>\n

        \n
      • \n

        TAAI (Travel Agents Association of India)<\/p>\n<\/li>\n

      • \n

        IATO (Indian Association of Tour Operators)<\/p>\n<\/li>\n<\/ul>\n

        Such accreditations and memberships are often considered important credibility markers in the travel industry, supporting relationships with airlines, vendors, and institutional partners.<\/p>\n

        Promoters and management<\/h3>\n

        Travels & Rentals Limited is promoted by\u00a0Devendra Bharat Parekh, Karuna Parekh, Anupama Singhi and Tushar Singhi.<\/p>\n

        The company\u2019s management team includes:<\/p>\n

          \n
        • \n

          Devendra Bharat Parekh \u2013 Promoter & Managing Director<\/p>\n<\/li>\n

        • \n

          Tushar Singhi \u2013 Executive Director<\/p>\n<\/li>\n

        • \n

          Anupama Singhi \u2013 Non-Executive Non-Independent Director<\/p>\n<\/li>\n

        • \n

          Ballari Bhattacharya Sengupta \u2013 Non-Executive Independent Director<\/p>\n<\/li>\n

        • \n

          Sailendra Kumar Das \u2013 Non-Executive Independent Director<\/p>\n<\/li>\n

        • \n

          Sayad Aziz Ahmad \u2013 Chief Financial Officer<\/p>\n<\/li>\n

        • \n

          Jaya Jain\u00a0\u2013 Company Secretary & Compliance Officer<\/p>\n<\/li>\n<\/ul>\n

          Corporate observers point out that a structured leadership team and compliance function becomes increasingly significant for SME-listed companies as they expand scale and engage with public investors.<\/p>\n

          How shareholders can apply<\/h3>\n

          The company stated that the rights issue will be available through the\u00a0ASBA (Applications Supported by Blocked Amount)\u00a0mechanism, which is a standard method for subscribing to rights issues and IPOs in India.<\/p>\n

          Shareholders can apply in two ways:<\/p>\n

          1) Online application via net banking (if supported by bank)<\/h4>\n

          Eligible investors can apply through the ASBA section in their bank\u2019s net banking portal by selecting the rights issue and entering key details such as:<\/p>\n

            \n
          • \n

            DP ID\/Client ID<\/p>\n<\/li>\n

          • \n

            Number of entitled shares<\/p>\n<\/li>\n

          • \n

            Additional shares applied for (if any)<\/p>\n<\/li>\n<\/ul>\n

            Upon submission, the bank blocks the application amount in the investor\u2019s account until allotment is finalised.<\/p>\n

            2) Physical application through SCSB branch<\/h4>\n

            Investors unable to apply online may submit the Composite Application Form (CAF) physically at the branch of a Self-Certified Syndicate Bank (SCSB). The company noted that eligible shareholders will receive the CAF through courier from the company\u2019s Registrar and Transfer Agent (RTA).<\/p>\n

            In case a shareholder does not receive the CAF, the form can also be downloaded from the\u00a0BSE website.<\/p>\n

            Rights entitlements: tradable opportunity<\/h3>\n

            A key feature of the issue is the Rights Entitlements (REs), which will be credited to shareholders\u2019 demat accounts based on their holdings on the record date.<\/p>\n

            These REs can be:<\/p>\n

              \n
            • \n

              Used to subscribe to the rights issue<\/p>\n<\/li>\n

            • \n

              Sold on the stock exchange during the renunciation period<\/p>\n<\/li>\n

            • \n

              Purchased by non-eligible investors, who can then apply for rights shares after acquiring REs<\/p>\n<\/li>\n<\/ul>\n

              This system enables market participation even for investors who were not shareholders on the record date, provided they purchase the REs on the exchange.<\/p>\n

              Financial performance snapshot<\/h3>\n

              The company also shared financial highlights across periods including limited reviewed and audited results.<\/p>\n

              For the period ending\u00a0September 2025 (Limited Reviewed), the company reported:<\/p>\n

                \n
              • \n

                Revenue: Rs 465.31 lakh<\/p>\n<\/li>\n

              • \n

                Total Income: Rs 495.31 lakh<\/p>\n<\/li>\n

              • \n

                Profit After Tax:\u00a0Rs\u00a0155.94 lakh<\/p>\n<\/li>\n<\/ul>\n

                For\u00a0FY25 (Audited):<\/p>\n

                  \n
                • \n

                  Revenue: Rs 1,145.32 lakh<\/p>\n<\/li>\n

                • \n

                  Total Income: Rs 1,205.45 lakh<\/p>\n<\/li>\n

                • \n

                  Profit After Tax:\u00a0Rs\u00a0321.84 lakh<\/p>\n<\/li>\n<\/ul>\n

                  For\u00a0FY24 (Audited):<\/p>\n

                    \n
                  • \n

                    Revenue: Rs 752.83 lakh<\/p>\n<\/li>\n

                  • \n

                    Total Income: Rs 803.54 lakh<\/p>\n<\/li>\n

                  • \n

                    Profit After Tax:\u00a0Rs\u00a0296.55 lakh<\/p>\n<\/li>\n<\/ul>\n

                    The company\u2019s reported financials indicate consistent profitability, though investors typically evaluate SME travel companies with attention to demand cycles, operational costs, and cash flow management.<\/p>\n

                    The rights issue comes at a time when travel demand in India continues to evolve with rising domestic tourism, growing preference for packaged services, and increased use of integrated travel support like insurance and visa facilitation.<\/p>\n

                    For Travels & Rentals Limited, the capital infusion is expected to support its working capital needs and strengthen its ability to serve customers across travel categories while maintaining business continuity and scalability in a competitive marketplace.<\/p>\n

                    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

                    Mumbai (Maharashtra) [India], February 05: Travels & Rentals Limited, a BSE SME-listed travel services company, has announced a Rights Issue worth Rs 16.80 crore, aimed at strengthening its working capital position and supporting general corporate requirements. The company\u2019s rights issue will open on February 5, 2026 and close on March 6, 2026, as per information […]<\/p>\n","protected":false},"author":1,"featured_media":82058,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[779,780,781,763,782],"class_list":["post-82059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-businessnews","tag-capitalraising","tag-equitymarkets","tag-stockmarketindia","tag-travelsandrentalsltd"],"_links":{"self":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/82059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=82059"}],"version-history":[{"count":0,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/82059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media\/82058"}],"wp:attachment":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=82059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=82059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=82059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}