Tuni Textile Mills Limited , a player in the Indian textile industry, has announced a significant business development. The company has secured a purchase order worth Rs 10 crore from Zee Fabric, Mumbai, for the supply of finished fabrics for uniforms and apparels.

Order Details

The domestic order, which excludes applicable taxes including 5% GST, is to be executed within a six-month timeframe. Here are the key details of the order:

Company Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tuni Textile Mills Limited has made a formal disclosure to the BSE Limited. The company has confirmed that this order does not fall under related party transactions, and there is no interest from the promoter/promoter group or group companies in Zee Fabric, Mumbai.

Market Implications

This order represents a significant business opportunity for Tuni Textile Mills Limited. The Rs 10.00 crore contract not only provides a boost to the company's order book but also demonstrates its capability to cater to substantial domestic demands in the textile sector.

The timely execution of this order over the next six months may have positive implications for the company's revenue and potentially its market position in the domestic textile industry. However, investors and market watchers should note that the actual impact on the company's financials will depend on various factors, including successful order execution and overall market conditions.

As the textile sector continues to be a crucial part of India's manufacturing landscape, such orders underscore the ongoing demand for quality textile products in the domestic market. Tuni Textile Mills Limited's ability to secure this order may be seen as a positive indicator of its competitive standing in the industry.

Investors and stakeholders of Tuni Textile Mills Limited may want to keep a close eye on the company's performance over the coming months as it works to fulfill this significant order.

Tuni Textile Mills Limited , a player in the Indian textile industry, has taken a significant step towards raising capital through a rights issue. The company recently published pre-issue advertisements in national newspapers, marking an important milestone in its fundraising efforts.

Rights Issue Details

Tuni Textile Mills has announced a rights issue to its eligible equity shareholders, with the following key details:

Advertisement Publications

As part of its regulatory obligations, Tuni Textile Mills has published pre-issue advertisements in the following national newspapers:

1. Financial Express (English) - All Editions
2. Jansatta (Hindi) - All Editions
3. Lakshadweep (Marathi) - Maharashtra Edition

These publications are in line with the company's commitment to transparency and adherence to SEBI regulations.

Regulatory Filings

Tuni Textile Mills has duly informed the BSE about these newspaper publications. This communication is in compliance with:

• Regulation 84 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

The company has made the pre-issue advertisement available on its official website ( www.tunitextiles.com ), ensuring easy access for all stakeholders.

This rights issue represents a significant move for Tuni Textile Mills, potentially strengthening its financial position and providing resources for future growth initiatives. Investors and market watchers will likely keep a close eye on the progress of this capital raising effort and its impact on the company's future prospects in the competitive textile industry.