Please find attached Unaudited Financial Results for QE June 30, 2025
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Tuni Textile Mills has submitted its unaudited financial results for the quarter ended June 30, 2025, along with a limited review report from statutory auditors K. K. Jhunjhunwala & Co. The auditor issued an unmodified conclusion, meaning nothing came to their attention suggesting material misstatement. However, the 'Other Matters' section flagged two concerns: inventory of Rs. 2,636.34 lakhs as on June 30, 2025 has no provision for old and non-moving stock, and balances of long-term borrowings, short-term loans, and deposits are subject to formal confirmation. The report also notes that the comparative FY25 figures were audited by a previous auditor, indicating a recent auditor change. Separately, the Board on July 23, 2025 approved a draft letter of offer for a Rights Issue of equity shares (face value Re. 1) aggregating up to Rs. 49 crores, subject to regulatory approvals.
Shareholders should note the planned Rights Issue of up to Rs. 49 crores, which may dilute holdings if not fully subscribed, though it also signals an equity raise to strengthen the balance sheet. The auditor's flag on old and non-moving inventory and unconfirmed balances warrants monitoring, as these could turn into write-offs or recoveries in coming quarters.