Description
Tuni Textile Mills Limited extends the closing date of its Rights Issue from December 15, 2025 to December 23, 2025 to provide shareholders more time to exercise their rights.
Summary
Tuni Textile Mills Limited (Scrip Code: 531411) announced an extension of its ongoing Rights Issue closing date from December 15, 2025 to December 23, 2025. The Board of Directors approved this extension in a 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
- Issue closing date extended by 8 days from December 15, 2025 to December 23, 2025
- Last date for submission of Common Application Form (CAF) with payment is now December 23, 2025
- Board meeting held on December 13, 2025 from 1:00 PM to 1:15 PM approved the extension
- No changes to Letter of Offer (LOF) or CAF except closing date and post-issue timeline
- Issue originally opened on November 24, 2025
Regulatory Changes
No regulatory changes. This is a procedural extension of an existing rights issue timeline.
Compliance Requirements
- Shareholders entitled to the Rights Issue must submit duly filled Common Application Form (CAF) along with application amount by December 23, 2025
- Shareholders should note the revised Issue Closing Date of December 23, 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)
- Basis of Allotment Finalization: Wednesday, December 24, 2025
- Date of Allotment: Wednesday, December 24, 2025
- Credit of Right Equity Shares: Friday, December 26, 2025
- Listing Date: Monday, December 29, 2025
Impact Assessment
Shareholder Impact: Positive for shareholders as the extension provides additional time (8 days) to arrange funds and exercise their rights in the Rights Issue. This reduces the risk of shareholders missing the deadline due to time constraints.
Market Impact: Minimal market impact. The extension is a procedural change that does not alter the fundamental terms of the Rights Issue. Post-issue activities including allotment and listing dates have been pushed back proportionally.
Operational Impact: The extension shifts all post-issue activities by approximately 8 days, with the new expected listing date being December 29, 2025 instead of the earlier anticipated date.
Impact Justification
Extension of rights issue closing date affects existing shareholders' timeline for exercising rights but does not materially change the offering terms.