Tuni Textile Mills Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/06/2025 ,inter alia, to consider and approve various agenda as stated ....
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Tuni Textile Mills has called a Board meeting on June 2, 2025 to discuss multiple agenda items. Key items include increasing the authorized share capital and amending the Memorandum & Articles of Association, appointing Secretarial Auditors for a 5-year term and Internal Auditors for FY 2025-26. The Board will also consider borrowing funds beyond the limits set under Section 180(1)(c) of the Companies Act, along with creating charges or mortgages on company assets as security. Additionally, the Board will approve the Board's Report, Corporate Governance Report, and Management Discussion & Analysis for FY ending March 31, 2025, and the draft notice for the 38th Annual General Meeting.
Shareholders should watch for potential dilution risk if the authorized share capital increase leads to a future equity raise, and monitor the proposed debt expansion which could increase leverage. The announcements signal routine year-end governance items along with potential capital structure changes requiring shareholder approval at the upcoming AGM.