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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tuni Textile Mills informed BSE that its rights issue has failed and stands devolved. The company had offered 42,32,44,440 equity shares at ₹1 each, aggregating to about ₹42.32 crore, in the ratio of 81 rights shares for every 25 held. The issue opened on November 24, 2025 and closed on December 23, 2025. The company did not achieve the mandatory 90% minimum subscription required under SEBI ICDR Regulations, so the Board approved cancellation of the issue. Refunds/unblocking of ASBA amounts will be processed through the Registrar (Purva Sharegistry).
Negative for shareholders — the company failed to raise the planned ~₹42.32 crore, signaling weak investor appetite or poor pricing/structure of the issue. No new shares will be allotted, but the fund-raising plan has collapsed and the company will need to explore alternative routes for capital.