Description

Tuni Textile Mills Limited extends its Rights Issue closing date from December 15, 2025 to December 23, 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 ongoing Rights Issue from December 15, 2025 to December 23, 2025. The Board of Directors approved this extension in their meeting held on December 13, 2025 to provide shareholders additional time to exercise their rights. The Rights Issue originally opened on November 24, 2025.

Key Points

  • Rights Issue closing date extended by 8 days to December 23, 2025
  • Board meeting held on December 13, 2025 (1:00 PM to 1:15 PM) approved the extension
  • Extension aims to provide more opportunity for shareholders to exercise their rights
  • Last date for submission of Common Application Form (CAF) now December 23, 2025
  • No changes to Letter of Offer (LOF) and CAF except closing date and resultant timeline adjustments
  • Original LOF dated November 11, 2025

Regulatory Changes

No regulatory changes. This is a company-specific operational decision to extend the Rights Issue timeline.

Compliance Requirements

  • Equity shareholders entitled to participate in the Rights Issue should note the revised closing date of December 23, 2025
  • Shareholders must submit duly filled Common Application Form (CAF) with payment by December 23, 2025
  • Off-market transfer of Rights entitlements must be completed by December 22, 2025

Important Dates

  • Issue Opening Date: Monday, November 24, 2025
  • Last Date for On-Market Renunciation: Wednesday, December 03, 2025
  • Last Date for Off-Market Transfer of Rights Entitlements: Monday, December 22, 2025
  • Issue Closing Date: Tuesday, December 23, 2025 (Extended from December 15, 2025)
  • Basis of Allotment Finalization: Wednesday, December 24, 2025
  • Date of Allotment: Wednesday, December 24, 2025 (on or about)
  • Credit of Rights Equity Shares: Friday, December 26, 2025 (on or about)
  • Listing Date: Monday, December 29, 2025 (on or about)

Impact Assessment

Positive Impact: The extension provides additional time for eligible shareholders to participate in the Rights Issue, potentially increasing subscription rates and ensuring broader shareholder participation.

Operational Impact: Post-issue activities timeline has been adjusted accordingly, with allotment now expected on December 24, 2025 and listing on December 29, 2025.

Market Impact: Limited broader market impact as this affects only shareholders of Tuni Textile Mills Limited (Scrip Code: 531411). The extension is a procedural matter to facilitate better participation.

Impact Justification

Extension of Rights Issue timeline affects shareholders of Tuni Textile Mills who need to exercise their rights. Medium impact as it provides additional opportunity but affects a single company.