Newspaper publication related to the Rights issue of the Company
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Tuni Textile Mills Limited has informed BSE about the newspaper publication of the pre-issue advertisement for its upcoming Rights Issue on November 20, 2025, in Financial Express (English), Jansatta (Hindi), and Lakshadweep (Marathi). The company plans to issue up to 4,23,24,440 fully paid-up equity shares of face value Rs. 1 each at an issue price of Rs. 1 per share (at par), aggregating up to Rs. 4,232.44 lakhs. The issue will be in the ratio of 81 rights shares for every 25 fully paid-up shares held by eligible shareholders as on the record date of November 15, 2025. The rights issue opens on November 24, 2025, with the last date for renunciations on December 3, 2025, and closes on December 8, 2025. Kotak Mahindra Bank is the banker to the issue and Purva Sharegistry is the registrar.
Eligible shareholders should review the rights issue terms and decide whether to subscribe, renounce, or let the entitlement lapse. Since the issue is at par and highly dilutive (over 3x ratio), shareholders need to inject additional capital to maintain their proportional stake or risk significant dilution of their holdings.