Tuni textile mills Limited has filed a regulatory intimation with BSE Limited regarding the non-applicability of certificate requirements under SEBI regulations for the first quarter of fiscal year 2027. The communication, dated March 25, 2026, was signed by Managing Director Narendra Kr. Sureka.

Regulatory Compliance Notice

The company has informed the exchange that the provisions of Regulation 57(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 do not apply to its operations for the quarter ended June 30, 2026. This regulation typically requires companies to provide details about payment schedules for interest, dividend, and principal obligations on non-convertible securities.

Non-Convertible Securities Status

Tuni Textile Mills Limited confirmed that it has not issued any non-convertible securities, which forms the basis for the non-applicability of the regulatory requirement. The company specifically stated that details of schedule of payment of interest, dividend, and principal obligations on such securities are not applicable for the reporting period.

The textile manufacturer also confirmed that there were no unpaid interest, dividend, or principal obligations in relation to non-convertible securities during the quarter under review.

Company Information

Tuni Textile Mills Limited operates its manufacturing facility at B-5, MIDC Industrial Area, Murbad, District Thane, with its registered office located in Andheri East, Mumbai. The company is engaged in textile manufacturing operations and maintains its listing compliance through regular regulatory filings with BSE under scrip code 531411.

Tuni Textile Mills Ltd successfully concluded its board meeting on March 10, 2026, with the approval of a significant rights issue worth Rs 49.00 crores. The meeting, held at the company's registered office in Mumbai, resulted in key decisions regarding fundraising through equity shares offered to existing shareholders.

Board Meeting Outcomes

The board meeting, which commenced at 4:30 PM and concluded at 5:30 PM, approved several critical resolutions. The primary decision involved raising funds through fully paid-up equity shares on a rights basis to existing equity shareholders for an amount aggregating up to Rs 49.00 crores.

Rights Issue Framework and Committee Formation

The board constituted a Rights Issue Committee with comprehensive authority to execute the fundraising initiative. This committee has been empowered to determine crucial aspects including the final issue size, rights entitlement ratio, issue price, record date, and the complete schedule of the rights issue.

The rights issue will be conducted in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. The board also approved the draft letter of offer for the rights issue and authorized the application for in-principal approval under Regulation 28(1) of SEBI LODR Regulations, 2015.

Regulatory Compliance and Next Steps

The company has filed the outcome under Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring complete transparency with stakeholders. The rights issue is subject to receipt of statutory and regulatory approvals from relevant authorities.

The Rights Issue Committee will now proceed with determining the specific terms including the rights entitlement ratio and issue price. The committee is also authorized to appoint intermediaries and legal counsel as required for the successful execution of the rights issue.

Corporate Information

Tuni Textile Mills Ltd operates from its works facility at B-5, MIDC Industrial Area, Murbad, Dist. Thane. The announcement was signed by Narendra Kr. Sureka, Managing Director (DIN: 01963265), confirming the board's commitment to strengthening the company's financial position through this strategic fundraising initiative.