Travels & Rentals Share Price Drops Nearly 5% As the Board Meets for ₹17 Crore Rights Issue Plan

Thursday, December 04, 2025: Travels and Rentals Limited is set to expand its capital base with a proposed rights issue of approximately ₹17 crore. The company’s board of directors convened today to discuss this strategic move amid evolving business dynamics. Following the announcement, the share of the company declined nearly 5%

Key Details of the Issue

The issue will be subject to the approval of regulatory guidelines. The face value per share shall be ₹10. The rights issue will be open for the existing shareholders as of the record date (to be determined). The required regulatory clearance shall be as per the SEBI (Issue of Capital and Disclosure Requirements) Amendment Regulations, 2025.

Recent Financial and Capital Alteration History

The company had recently completed its IPO (in August 2024) and raised ₹1,224 lakh through the sale of 30.6 lakh equity shares priced at ₹40 each. The company had utilised the proceeds of the IPO towards working capital requirements and other general corporate purposes. 

The company has demonstrated robust growth over the past three years, with net sales nearly doubling from ₹5.67 crore in FY2023 to ₹11.45 crore in FY2025. EBIDT has also shown positive growth, reflecting operational efficiency.

Stock Price Movement

Ahead of the board meeting, the share price of Travels and Rentals Limited plummeted by 4.99% and closed at ₹27.78. The stock opened, reached its high, and hit its low at ₹27.78 during the trading session. The company has a market capitalisation of ₹31.12 crore and a P/E ratio of 8.92, with no dividend yield reported for the quarter. Over the past 52 weeks, the stock has ranged between a high of ₹116.90 and a low of ₹27.78. The stock has lost approximately 28.77% of its value in the past three months and has declined by 72.23% YTD. 

Travels and Rental Limited operates in the thriving travel and tour sector and offers a wide range of services including airline ticket booking, hotel reservations, tour packages, railways ticket booking, and travel insurance and visa processing for international trips. It also provides logistical support. The company offers its services for both domestic and international travellers. 

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