Description

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

Summary

Tuni Textile Mills Limited (Scrip Code: 531411) has extended the closing date of its Rights Issue by one week from December 8, 2025 to December 15, 2025. The Board of Directors approved this extension in their meeting held on December 5, 2025 (5:00 PM to 5:15 PM) to provide shareholders with additional time 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 from December 8, 2025 to December 15, 2025
  • Extension approved by Board of Directors on December 5, 2025
  • Issue opened on November 24, 2025 as originally scheduled
  • Last date for submission of Common Application Form (CAF) with payment is now December 15, 2025
  • No changes to Letter of Offer, Abridged LOF, or CAF except for closing date and subsequent timeline adjustments
  • Extension aims to provide additional opportunity for shareholders to participate

Regulatory Changes

No regulatory changes introduced. This is a procedural extension of the Rights Issue timeline.

Compliance Requirements

  • Equity shareholders entitled to the Rights Issue should note the revised Issue Closing Date of December 15, 2025
  • Duly filled Common Application Forms along with payment must be submitted by December 15, 2025
  • Shareholders wishing to participate must exercise their rights by the extended deadline

Important Dates

Revised Issue Schedule:

  • Issue Opening Date: Monday, November 24, 2025
  • Last Date for On-Market Renunciation: 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 from December 8, 2025)
  • Basis of Allotment Finalization: Tuesday, December 16, 2025
  • Date of Allotment: Tuesday, December 16, 2025 (on or about)
  • Credit of Right Equity Shares: Wednesday, December 17, 2025 (on or about)
  • Date of Listing: Thursday, December 18, 2025 (on or about)

Impact Assessment

Impact on Shareholders: Existing shareholders have an additional seven days to decide on and exercise their rights entitlements, potentially improving participation rates in the Rights Issue.

Market Impact: Minimal market disruption as this is a timeline extension rather than a material change to offer terms. The extension may indicate lower-than-expected initial subscription levels or company’s intention to maximize shareholder participation.

Operational Impact: Post-issue activities including allotment, credit, and listing have been rescheduled accordingly but maintain the same relative timeline. All subsequent dates have shifted by approximately one week to accommodate the extension.

Impact Justification

Extension of rights issue closing date affects existing shareholders' timeline for participation but does not change fundamental terms of the offer