Tuni Textile Mills has revised the on-market renunciation period for its proposed equity fundraising. The Rights Issue Committee updated the end date from October 20, 2026, to October 19, 2026, citing a BSE trading holiday on October 20 for Dussehra.

The company had previously fixed the issue price at ₹1 per share on September 9, 2026. The revision affects only the renunciation timeline; all other terms, including the issue size and record date, remain unchanged.

Revised Issue Timeline

The Rights Issue Committee approved the corrected modalities in a communication dated September 11, 2026. The key dates for the issuance of 48,98,66,250 fully paid-up equity shares are as follows:

• Record Date: Wednesday, September 16, 2026.
• Issue Opening Date: Monday, September 28, 2026.
• On-market Renunciation Period: Monday, September 28, 2026 to Monday, October 19, 2026 (revised from October 20).
• Issue Closing Date: Monday, October 26, 2026.

Shareholding Structure Impact

The rights issue will significantly expand the company’s outstanding share capital. Prior to the issue, the company had 13,06,31,000 fully paid-up equity shares. Assuming full subscription, the post-issue outstanding equity shares will rise to 62,04,97,200.

Fractional Entitlement Rules

Shareholders holding less than four equity shares or not in multiples of four will have their fractional entitlement ignored in the computation of rights entitlement. However, these shareholders will receive preferential consideration for the allotment of one additional equity share if they apply for additional shares over and above their rights entitlement, subject to availability.

Shareholders with zero entitlement (holding less than four shares) are entitled to apply for additional equity shares and will be given preference in the allotment of one additional share if they apply. These applications cannot be renounced in favor of third parties.

Trading Window Closure

In compliance with SEBI’s Prohibition of Insider Trading Regulations, 2015, the trading window for directors, officers, and designated employees remains closed. It will stay shut until 48 hours after the conclusion of the September 9 meeting and the subsequent public availability of the information discussed.

The Rights Issue Committee also approved the Letter of Offer dated September 9, 2026, which has been filed with BSE Limited and made available on the company’s website.

Tuni Textile Mills has announced the book closure dates for its Annual General Meeting. The company’s register of members and share transfer books will remain closed from September 17, 2026, to September 23, 2026, inclusive.

The intimation was issued on August 27, 2026, in compliance with Regulation 42 of the SEBI LODR Regulations, 2015. Shareholders holding equity shares as of the record date will be eligible to attend and vote at the meeting.

Key Details

Narendra Kumar Sureka, Managing Director of Tuni Textile Mills, signed the communication addressed to the Deputy Manager at BSE Limited. The company’s registered office is located in Mumbai, while its works are situated in Thane.