Rights Issue terms approved - 15 new shares for every 4 held at Re.1
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On the reaction day the stock moved 9.8 pts more than Nifty Microcap 250 and 9.7 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tuni Textile Mills Rights Issue Committee finalised terms for a rights issue of up to Rs 4,898.66 lakhs (about Rs 49 crore) through 48.99 crore equity shares priced at Re 1 each, which is the face value. Entitlement ratio is 15 rights shares for every 4 shares held. Record date is September 16, 2026. Issue opens September 28 and closes October 26, 2026. Total share count will rise from about 13.06 crore to about 62.05 crore shares assuming full subscription.
Eligible shareholders can buy 15 new shares at Re.1 each for every 4 held. Must hold shares by Sept 16 record date. Share count may nearly 5x, so material dilution risk if not subscribed.