Submission of Letter of offer for the Rights issue
Price
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Awaiting price reaction for this filing.
Tuni Textile Mills Limited has submitted the Letter of Offer for its Rights Issue to BSE, proposing to issue up to 4,23,24,440 equity shares of face value ₹1 each at a price of ₹1 per share (issued at par, with no premium), aggregating up to ₹42.32 crores assuming full subscription. The ratio offered is 81 rights equity shares for every 25 fully paid-up shares held by eligible shareholders on the record date of November 15, 2025. The issue opens on November 24, 2025 and closes on December 8, 2025, with listing expected around December 11, 2025 on BSE. The promoters are Narendra Kumar Sureka and Pradeep Kumar Sureka, and the company has already received in-principle listing approval from BSE.
This is a large, heavily dilutive rights issue — existing shareholders could see their stake diluted by more than 3x if they do not subscribe. Eligible shareholders must act between November 24 and December 8, 2025 to subscribe, renounce, or let rights lapse, and the issue is being made at face value with no premium.