Description
Tuni Textile Mills Limited extends the closing date of its Rights Issue from December 15, 2025 to December 23, 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 ongoing Rights Issue from December 15, 2025 to December 23, 2025. The Board of Directors made this decision on December 13, 2025 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 8 days from December 15, 2025 to December 23, 2025
- Board meeting held on December 13, 2025 (1:00 PM to 1:15 PM) approved the extension
- Last date for submission of Common Application Form (CAF) with payment is now December 23, 2025
- No changes to Letter of Offer (LOF) and CAF except closing date and resultant timeline changes
- Issue originally opened on November 24, 2025
- Managing Director Narendra Kr. Sureka (DIN: 01963265) signed the notification
Regulatory Changes
No regulatory changes. This is an administrative extension of an existing Rights Issue timeline to facilitate greater shareholder participation.
Compliance Requirements
- Eligible equity shareholders should note the revised Issue Closing Date of December 23, 2025
- Shareholders must submit duly filled Common Application Form (CAF) along with payment by December 23, 2025
- Off-market transfer of Rights entitlements must be completed by December 22, 2025
Important Dates
Revised Issue Schedule:
- 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)
- Finalizing Basis of Allotment: Wednesday, December 24, 2025
- Date of Allotment: Wednesday, December 24, 2025 (on or about)
- Date of Credit of Right Equity Shares: Friday, December 26, 2025 (on or about)
- Date of Listing: Monday, December 29, 2025 (on or about)
Impact Assessment
Shareholder Impact: Positive for existing shareholders as the 8-day extension provides additional time to evaluate and exercise their rights, potentially increasing participation rates in the Rights Issue.
Market Impact: Minimal market disruption as this is a timeline extension rather than a material change to issue terms. The extension may indicate lower-than-expected initial subscription or company’s desire to maximize shareholder participation.
Operational Impact: Post-issue activities including allotment, credit of shares, and listing have been correspondingly adjusted but remain on track for completion before year-end 2025.
Impact Justification
Extension of Rights Issue closing date affects existing shareholders' ability to participate. Medium importance as it provides additional time but doesn't change fundamental issue terms.