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.

Niraj Rajnikant Shah has disclosed a significant shareholding transaction in Tuni Textile Mills Limited, acquiring 50,75,253 shares representing 3.89% of the company's equity through open market transactions. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The shareholding changes occurred through a series of transactions between November 13, 2025 and January 29, 2026. Shah's investment activity involved both acquisitions and disposals during this period.

Shareholding Position

Shah's shareholding position shows the following changes before and after the transaction period:

Despite the acquisition activity, Shah's overall holding decreased due to larger disposal transactions during the same period. The acquirer does not belong to the promoter or promoter group of the company.

Company Capital Structure

Tuni Textile Mills Limited maintains a stable capital structure with no changes to its equity base during the transaction period. The company's equity share capital stands at Rs.13,06,31,000, comprising 13,06,31,000 equity shares of Re.1 each. The shares are listed on BSE Limited.

Regulatory Compliance

The disclosure was submitted on January 30, 2026, in compliance with SEBI regulations governing substantial acquisition of shares. Shah holds no encumbered shares, voting rights other than through equity shares, or any convertible securities in the company. All transactions were conducted through open market purchases and sales.

The disclosure provides transparency regarding significant shareholding changes and ensures compliance with regulatory requirements for substantial acquisitions in publicly listed companies.