Outcome of the BM for Raising of Funds through Rights issue.
Price
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Awaiting price reaction for this filing.
Tuni Textile Mills Ltd's board of directors, at a meeting held on 10th March 2026, approved raising funds of up to Rs. 49 crores through a rights issue of fully paid-up equity shares (face value Re. 1 each) to existing shareholders. The specific entitlement ratio, issue price, and record date have not yet been finalized and will be decided by a newly constituted Rights Issue Committee. The company will also seek in-principle approval from BSE for the rights issue. The board approved the draft letter of offer as part of this process.
Existing shareholders will get the opportunity (but not the obligation) to buy additional shares in proportion to their current holdings, which could dilute their stake if they do not participate. The fresh capital raise of up to Rs. 49 crores may strengthen the company's balance sheet, but the stock could see short-term pressure depending on the issue price and market sentiment.