Company Disclosure: Resignation of Key Managerial Personnel
Travels & Rentals Limited (formerly Travels & Rentals Private Limited) has disclosed the resignation of Company Secretary and Compliance Officer CS Jaya Jain (ACS-41446) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Resignation Details
CS Jaya Jain tendered her resignation via letter dated August 3, 2026, from the positions of Company Secretary, Compliance Officer, and Key Managerial Personnel of the company. The resignation is effective from the close of business hours on August 14, 2026.
Reason for Resignation
The resignation was submitted to pursue an alternate career opportunity outside the organization. The disclosure specifically notes this as a personal career decision rather than any disagreement with the company.
Transition and Replacement
The company is currently in the process of identifying and hiring a suitable candidate for the vacant position. The stock exchanges will be informed once the vacancy is filled, indicating an ongoing search for replacement.
Management Acknowledgments
In her resignation letter, Jain expressed gratitude to Managing Director Devendra Bharat Parekh and the CFO for their "unstinted support and co-operation" during her tenure. The company's response was signed by Devendra Bharat Parekh, Managing Director (DIN: 00394855), on August 12, 2026.
Financial Impact
No financial impact or operational disruption has been quantified in the disclosure. The company has not provided any information regarding severance payments or financial arrangements related to the resignation.