Travels & Rentals Limited has announced a rights issue of 1,12,02,685 equity shares aggregating up to Rs. 16.80 crores. The rights issue opens for subscription on February 05, 2026, and closes on March 06, 2026.
Anyone who holds shares of Travels & Rentals Limited as of January 28, 2026 (record date) will be eligible to receive Rights Entitlements (REs). These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of the company, or you can sell them in the market.
You can check the announcement from the company here.
You will be eligible to receive Rights Entitlements (REs) if you’ve bought the shares on or before January 27, 2026.
The ex-date is January 28, 2026.
Rights issue details
| Issue Period | February 05, 2026 – March 06, 2026 |
|---|---|
| RE Trading Period | February 05, 2026 – March 02, 2026 |
| RE Symbol | TRAVELS-RE |
| Issue Price | Rs. 15 per share |
| Ratio | 1:1 |
| EX-date | January 28, 2026 |
| Record Date | January 28, 2026 |
| Tentative Date of Allotment for Rights Shares | March 09, 2026 |
| Tentative Date of Credit of Rights Shares | March 10, 2026 |
| Tentative Date of Listing for Rights Shares | March 11, 2026 |
How to apply for Travels & Rentals Limited Rights Issue?
Once you either receive the REs from the company or purchase them from the market, you can apply for the rights shares using the methods below:
- Online via Netbanking ASBA
- Offline by submitting the Application Form to the nearest branch of an SCSB (Self-Certified Syndicate Bank)
You can check the application process here.
You will need to enter your Demat account’s Beneficiary Owner ID, which is a 16-digit number, while applying for the rights issue.
The entire issue price of Rs. 15 per share is payable at the time of application.
What will happen to my purchased holding of RE shares if I do not apply for the rights issue?
Your REs will lapse, and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities, which will lapse if not renounced or exercised once the trading window is closed.
I don’t have the shares, but I bought REs. Am I still eligible to apply for the rights issue?
Yes. If you have bought REs but don’t have shares, you are still eligible to apply for the rights issue. You may apply for the rights shares through netbanking ASBA if your bank allows it. If you don’t take any action and let the REs remain in your account, they will lapse after the issue.
You can read more FAQs on Rights Issue and Rights Entitlements here.