Promoter Pradeep Kumar Sureka has increased his shareholding in Tuni Textile Mills Ltd to 10.5859% following the acquisition of 87,13,000 shares via transmission. The shares were transferred on June 1, 2026, consequent upon the death of Late Shri Prabhudayal Sureka, a promoter of the company. This transaction was disclosed to the Bombay Stock Exchange Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 95 of the SEBI (Issue Capital and Disclosures Requirement) Regulations, 2018.

The acquisition was executed through an off-market transmission of shares within the promoter group. Prior to this transaction, Pradeep Kumar Sureka held 51,15,500 shares, which accounted for 3.916% of the total share capital. The transfer of shares has resulted in a significant increase in his stake, solidifying his position within the promoter group.

Shareholding Details

The following table outlines the changes in the shareholding pattern of Pradeep Kumar Sureka following the acquisition:

The total equity share capital and total voting capital of Tuni Textile Mills Ltd remains unchanged at 13,06,31,000 equity shares of face value of Rs. 1/- each. The total diluted share/voting capital also stands at 13,06,31,000 equity shares. The disclosure confirmed that there are no shares encumbered or any other instruments such as warrants or convertible securities held by the acquirer.

Tuni Textile Mills Limited reported a net profit of ₹93.66 lakh for the financial year ended March 31, 2026, an increase from ₹56.65 lakh in the previous year. Revenue from operations for the year rose to ₹11,484.26 lakh, compared to ₹7,668.71 lakh in FY25. The company’s total income from operations (net) for FY26 stood at ₹11,484.26 lakh.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹15.87 lakh, while total income from operations was ₹1,746.73 lakh. In the corresponding quarter of the previous year, the company had posted a profit of ₹15.91 lakh on total income from operations of ₹1,705.76 lakh. The Board of Directors approved the standalone audited financial results at its meeting held on May 26, 2026.

The company’s total expenses for FY26 increased to ₹11,330.01 lakh from ₹7,588.46 lakh in the prior year. Finance costs for the year were reported at ₹245.02 lakh, up from ₹177.66 lakh in FY25. The earnings per share (EPS) for the year improved to ₹0.072 from ₹0.043 in the previous year.

Financial Performance

The following table outlines the key financial metrics for the company for the quarter and year ended March 31, 2026:

Capital and Fundraising Activities

The notes to the financial results disclosed that the company had offered a Rights Issue of Equity Shares during the quarter ended December 31, 2025, aiming to raise ₹42,32,44,440. However, the issue was not successful due to under-subscription and consequently devolved, with no equity shares allotted. The company subsequently offered another Rights Issue during the fourth quarter amounting to ₹49 Crores. An expenditure of ₹4,74,500 related to this issue was recorded in current assets as pending for approval.

Auditor's Report

M/s. K. K. Jhunjhunwala & Co., Chartered Accountants, the Statutory Auditors of the company, issued an audit report with an unmodified opinion on the standalone financial statements for the fourth quarter and financial year ended March 31, 2026. The auditors confirmed that the financial results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards.