Description

Tuni Textile Mills Limited extends the closing date of its Rights Issue from December 8, 2025 to December 15, 2025 to provide shareholders additional time to exercise their rights.

Summary

Tuni Textile Mills Limited (Scrip Code: 531411) has extended the closing date of its Rights Issue from December 8, 2025 to December 15, 2025. The decision was made by the Board of Directors in their meeting held on December 5, 2025 (5:00 PM to 5:15 PM) to provide shareholders additional opportunity to exercise their rights. The Rights Issue originally opened on November 24, 2025 as per the Letter of Offer dated November 11, 2025.

Key Points

  • Rights Issue closing date extended by 7 days from December 8, 2025 to December 15, 2025
  • Board meeting held on December 5, 2025 approved the extension
  • Extension granted to provide shareholders more time to participate in the Rights Issue
  • Last date for submission of Common Application Form (CAF) with payment is now December 15, 2025
  • No changes to LOF, Abridged LOF and CAF except Issue Closing Date and resultant timeline changes
  • Issue opened on November 24, 2025 as originally scheduled

Regulatory Changes

No regulatory changes. This is a procedural extension of the Rights Issue timeline approved by the Board of Directors.

Compliance Requirements

  • Eligible equity shareholders must submit duly filled Common Application Form (CAF) along with payment by December 15, 2025
  • Shareholders entitled to apply for the Rights Issue should note the revised Issue Closure Date of December 15, 2025
  • Off-market transfer of Rights entitlements must be completed by December 12, 2025

Important Dates

Revised Issue Schedule:

  • Issue Opening Date: Monday, November 24, 2025
  • Last Date for On-Market Renunciation of Rights Entitlements: Wednesday, December 3, 2025
  • Last Date for Off-Market Transfer of Rights Entitlements: Friday, December 12, 2025
  • Issue Closing Date: Monday, December 15, 2025 (Extended)
  • Finalizing Basis of Allotment: Tuesday, December 16, 2025
  • Date of Allotment: Tuesday, December 16, 2025 (on or about)
  • Date of Credit of Right Equity Shares: Wednesday, December 17, 2025 (on or about)
  • Date of Listing: Thursday, December 18, 2025 (on or about)

Impact Assessment

Market Impact: Low to Medium - The extension provides existing shareholders additional time to participate in the Rights Issue, potentially increasing subscription rates. This is a shareholder-friendly move that may improve participation.

Shareholder Impact: Positive - Shareholders gain an additional week to arrange funds and exercise their rights, reducing the risk of missing the deadline. This is particularly beneficial for retail shareholders who may need more time for decision-making.

Operational Impact: Minimal - The 7-day extension shifts all post-issue activities (allotment, credit, listing) by corresponding dates but does not materially change the overall process. The company and registrar will need to accommodate the extended timeline.

Timeline Impact: All subsequent milestones (basis of allotment, allotment date, credit date, and listing date) have been shifted proportionally to accommodate the extended closing date.

Impact Justification

Extension of Rights Issue closing date affects shareholders' ability to participate in the issue but is procedural in nature with moderate impact on existing shareholders of Tuni Textile Mills Limited.