Tuni Textile Mills Approves Terms for ₹490 Cr Rights Issue

Tuni Textile Mills Ltd's Rights Issue Committee has approved the terms for a rights issue of up to ₹4,900 lakhs (₹490 Cr). The issue will offer 48,98,66,250 fully paid-up Equity Shares of face value ₹1 each at a price of ₹1 per share. The record date is set for September 16, 2026, to determine eligible shareholders. The rights entitlement ratio is 15 shares for every 4 shares held. The issue opens on September 28, 2026, with the closing date on October 26, 2026. This move aims to raise significant capital for the company's growth.