Board meeting for extension of Right issue period
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Awaiting price reaction for this filing.
Tuni Textile Mills has extended the closing date of its ongoing Rights Issue from December 8, 2025 to December 15, 2025, as decided by the Board on December 5, 2025. The Rights Issue, which opened on November 24, 2025, was originally scheduled to close within about two weeks. The company stated the extension is to give shareholders additional time to subscribe to their entitled rights. The revised allotment date is December 16, 2025, with expected listing on or about December 18, 2025. No other changes have been made to the Letter of Offer, Abridged LOF, or Common Application Form apart from the extended timeline.
Shareholders get a week longer to decide on subscribing, but such extensions can sometimes indicate slower-than-expected subscription interest. The actual impact on the stock will depend on how fully the issue is subscribed by the new closing date.