Description
The Board of Directors has extended the closing date of the ongoing Rights Issue 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 decision was made by the Board of Directors in a meeting held on December 13, 2025, to provide shareholders with additional opportunity to exercise their rights. The Rights Issue originally opened on November 24, 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
- Issue opened on November 24, 2025 as per original schedule
- No changes to Letter of Offer (LOF) or Common Application Form (CAF) except closing date
- Subsequent post-issue activities timeline adjusted accordingly
- Extension aims to provide shareholders more time to participate in the Rights Issue
Regulatory Changes
No regulatory changes introduced. This is a procedural extension of an existing Rights Issue timeline.
Compliance Requirements
- Shareholders entitled to participate must submit duly filled Common Application Form (CAF) with payment by December 23, 2025
- On-market renunciation of rights entitlements remains closed (last date was December 03, 2025)
- Off-market transfer of rights entitlements deadline extended to 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: Monday, December 22, 2025
- Issue Closing Date: Tuesday, December 23, 2025 (Extended from December 15, 2025)
- Basis of Allotment Finalization: Wednesday, December 24, 2025
- Allotment Date: Wednesday, December 24, 2025
- Credit of Rights Equity Shares: Friday, December 26, 2025
- Listing Date: Monday, December 29, 2025
Impact Assessment
Shareholder Impact: Positive for existing shareholders who require additional time to arrange funds or complete application formalities. The 8-day extension provides more flexibility for participation in the Rights Issue.
Market Impact: Minimal broader market impact as this is company-specific. The extension indicates the company wants to maximize participation in its capital raising exercise.
Operational Impact: Post-issue activities including allotment, credit, and listing dates have been pushed back by approximately 8 days. The listing date is now scheduled for December 29, 2025, close to year-end.
Liquidity Considerations: The extension may help improve subscription rates by accommodating shareholders who need more time, potentially strengthening the company’s capital raise outcome.
Impact Justification
Extension affects shareholders of Tuni Textile Mills who are participating in the Rights Issue, providing additional time for subscription. Medium impact as it's company-specific and relates to capital raising activity.