Description
BSE permits trading in Rights Entitlements (REs) for renunciation of TUNI TEXTILE MILLS LIMITED from November 24, 2025 to December 03, 2025, with Rights Issue opening November 24 to December 08, 2025.
Summary
BSE has announced that trading in Rights Entitlements (REs) for renunciation of TUNI TEXTILE MILLS LIMITED will commence from Monday, November 24, 2025. The REs will be tradable in dematerialized form only on a T+1 rolling settlement basis with trade-for-trade settlement. The Rights Issue opens on November 24, 2025 and closes on December 08, 2025.
Key Points
- Rights Entitlements trading permitted from November 24, 2025 to December 03, 2025
- Scrip Code: 751058, Scrip ID: TUNTEX-RE, ISIN: INE560D20019
- Market lot size is 1 unit, classified under Group R
- REs tradable in dematerialized form only
- Settlement on T+1 rolling settlement basis with trade-for-trade execution
- Rights Issue period: November 24, 2025 to December 08, 2025
- Trading members must inform clients about RE commencement and include disclaimers in contract notes
- Unsubscribed or unrenounced REs will lapse after Issue Closing Date
Regulatory Changes
No new regulatory changes introduced. This circular follows existing framework for rights entitlements trading as per earlier notices dated March 05, 2020 (notice no-20200305-21) and May 18, 2020 (notice no-20200518-34).
Compliance Requirements
- Trading members must inform all clients about commencement of RE trading with proper ISIN identification
- Contract notes/bills for RE purchases must include prominent disclaimer stating:
- Purchase of REs only grants right to participate in Rights Issue by making application with requisite money or renounce before issue closes
- REs must not be mistaken for ordinary shares
- Warning that unsubscribed/unrenounced REs will lapse and be extinguished after Issue Closing Date
- Trading members must refer to previous notices (20200305-21 and 20200518-34) for additional details
Important Dates
- November 20, 2025: Circular notice date
- November 24, 2025: RE trading period begins; Rights Issue opens
- December 03, 2025: RE trading period ends
- December 08, 2025: Rights Issue closes (last date for subscription/renunciation)
Impact Assessment
Market Impact: Low - Limited to shareholders of TUNI TEXTILE MILLS LIMITED only. No broader market implications.
Operational Impact: Medium for trading members handling TUNI TEXTILE MILLS LIMITED client accounts. Requires client communication, contract note disclaimer implementation, and proper RE settlement procedures.
Investor Impact: Medium for existing TUNI TEXTILE MILLS LIMITED shareholders who must decide whether to subscribe, renounce, or allow REs to lapse within specified timeframes. Standard rights issue procedures apply with clear trading and subscription windows.
Impact Justification
Company-specific rights issue affecting only TUNI TEXTILE MILLS LIMITED shareholders with limited market-wide impact. Standard procedural circular for rights entitlements trading.