Tuni Textile Mills Limited has announced a key appointment to strengthen its corporate governance structure. The company has named Ms. Jyoti Kothari as its new Company Secretary and Compliance Officer, effective May 24, 2021.

New Appointment Details

Ms. Kothari brings a solid educational background and professional qualifications to her new role:

• Educational Qualification: B.Com degree
• Professional Certification: Qualified Company Secretary
• Membership: Associate Company Secretary (ACS) with membership number ACS57157

Official Communication

The appointment was officially communicated to BSE Limited by Mr. Narendra Kr. Sureka, the Managing Director of Tuni Textile Mills Limited. This move underscores the company's commitment to maintaining strong corporate governance practices and ensuring compliance with regulatory requirements.

Significance of the Appointment

The role of Company Secretary and Compliance Officer is crucial for any listed company. Key responsibilities typically include:

• Ensuring compliance with various corporate laws and regulations
• Managing board procedures and maintaining corporate records
• Acting as a point of communication between the board of directors and company shareholders
• Overseeing the company's legal and regulatory obligations

Ms. Kothari's appointment is expected to contribute to Tuni Textile Mills Limited's efforts in maintaining transparency, regulatory compliance, and effective corporate governance.

Shareholders and investors may view this appointment as a positive step towards strengthening the company's management team and its commitment to adhering to best practices in corporate governance.

Tuni Textile Mills Limited has taken a significant step towards bolstering its financial position by approving a rights issue to raise up to Rs 49.00 crore. The decision was made during a board meeting held on July 23, 2025, as disclosed in the company's latest regulatory filing.

Key Highlights of the Rights Issue

• The company's Board of Directors has approved a draft letter of offer for the rights issue.
• The rights issue will comprise equity shares with a face value of Re. 1 each.
• The total fundraising amount is capped at Rs 49.00 crore.
• Eligible equity shareholders as of a yet-to-be-determined record date will be offered the rights issue.

Pending Details

Several crucial aspects of the rights issue are yet to be finalized by the Board:

• Issue price (which may be at a premium or discount to the market price)
• Rights entitlement ratio
• Record date for determining eligible shareholders
• Timing and terms of payment

Regulatory Compliance and Approvals

The company emphasized that the rights issue is subject to receiving necessary statutory and regulatory approvals. This move aligns with the relevant regulations, circulars, and notifications issued by the Securities and Exchange Board of India (SEBI) and other applicable laws.

Management Statement

Narendra Kr. Sureka, Managing Director of Tuni Textile Mills Limited, signed off on the regulatory filing, underlining the company's commitment to transparency and adherence to listing obligations.

Conclusion

This rights issue represents a strategic move by Tuni Textile Mills to strengthen its capital base. Shareholders and potential investors will be keenly awaiting further details on the rights issue, particularly the pricing and entitlement ratio, which will be crucial in determining the attractiveness of the offer.

As the textile industry continues to evolve, this capital raise could potentially position Tuni Textile Mills to capitalize on growth opportunities or navigate challenges in the sector. Investors are advised to keep an eye on future announcements for more specific details about the rights issue.