Tuni Textile Mills has filed the pre-issue advertisement for its proposed rights issue, seeking to raise up to ₹48.98 crore by issuing equity shares at a price equal to face value.

The company plans to issue up to 48,98,66,250 fully paid-up equity shares with a face value of ₹1 each. The issue is structured for eligible shareholders in a ratio of 15 new shares for every 4 existing shares held as on the record date, September 16, 2026.

Issue Timeline and Structure

The subscription period for the rights issue begins on Monday, September 28, 2026, and closes on Monday, October 26, 2026. The Board retains the authority to extend the issue period by up to 30 days from the opening date if required.

Application Process and Compliance

All applications must be made through the Applications Supported by Blocked Amount (ASBA) process in compliance with SEBI ICDR Regulations. Rights Entitlements will be credited only in dematerialised form. Shareholders holding physical shares must provide their demat account details to the Registrar or the Company by October 21, 2026, to ensure entitlements are transferred before the closing date.

The Letter of Offer was dispatched on September 22, 2026. Investors can access the offer documents on the websites of the Company, the Registrar (Purva Sharegistry), and the Stock Exchange. Kotak Mahindra Bank Limited serves as the banker to the issue, while Infometrics Valuation and Rating Private Limited acts as the monitoring agency.

What the Numbers Show

The issue price of ₹1 is set at exactly one times the face value of the equity shares. This pricing structure indicates that the company is not seeking a premium over par value for this capital raise, which may reflect current market valuations or specific regulatory constraints governing the issuance.

Tuni Textile Mills Ltd held its 39th Annual General Meeting on September 23, 2026, via video conferencing, with 87 members attending. Both resolutions passed with requisite majority through e-voting.

The meeting commenced at 12:15 pm and concluded at 12:40 pm, chaired by Narendra Kumar Sureka, Managing Director. The quorum required under Section 103 of the Companies Act, 2013 was met. The AGM notice was dated August 27, 2026, and e-voting services were provided by National Securities Depository Ltd. The cut-off date for shareholder eligibility to vote was September 16, 2026, with the total number of shareholders on record standing at 47,909. Of the 87 members who attended via video conferencing, 5 were from the promoter and promoter group and 82 were from the public.

Resolutions and voting procedures

Two ordinary resolutions were placed for approval. Remote e-voting was open from September 20, 2026 (9:00 am) to September 22, 2026 (5:00 pm). Members who had not cast their votes through remote e-voting were provided the facility to vote electronically during the AGM, up to 1:10 pm. Eleven members registered as speakers, five of whom participated online. No physical ballot was received from any member, and no poll ballot was cast during the meeting.

Kriti Daga, Practicing Company Secretary (ACS No. 26425, C.P. No. 14023), Kolkata, served as the scrutinizer for both e-voting and ballot voting. The scrutinizer report was submitted on September 23, 2026.

Item-wise e-voting results

The following tables detail the voting outcome for each resolution.

Resolution 1: Adoption of FY26 financial statements

Resolution 2: Re-appointment of Pradeep Kumar Sureka

Both resolutions were passed with requisite majority. The scrutinizer noted that relevant records relating to electronic voting will remain in safe custody until the Chairman and Managing Director approves and signs the AGM minutes, after which they will be handed over to the Company Secretary or Managing Director for safe keeping.