Newspaper Publication for the devolvement of Rights issue
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Tuni Textile Mills Ltd has informed BSE that it published newspaper advertisements on December 25, 2025 regarding the devolvement of its rights issue, as required under SEBI Listing Regulations. The ads appeared in Financial Express (English, national), Jansatta (Hindi, national) and Lakshadweep (Marathi, Maharashtra edition), and are also available on the company's website www.tunitextiles.com. Devolvement of a rights issue means the unsubscribed portion of the issue has fallen on the promoters or underwriters, who are now required to subscribe to those shares. The disclosure was signed by Managing Director Narendra Kr. Sureka (DIN: 01963265).
Devolvement signals that existing shareholders did not fully subscribe to their rights entitlement, and the shortfall has been picked up by promoters or underwriters. For shareholders, this is procedurally routine but generally indicates weak demand for the rights issue and may put incremental capital and ownership burden on the promoters.