Tuni Textile Mills Ltd. Approves Rights Issue of up to Rs. 49.00 Crores

Tuni Textile Mills Ltd. held a Board Meeting on 10th March, 2026, to discuss and approve raising of funds through a rights issue. The Company plans to raise an amount aggregating up to Rs. 49.00 crores (Rupees Forty Nine Crores) through the issuance of fully paid-up equity shares on a rights basis to the existing equity shareholders. The Rights Issue Committee will decide on the terms and conditions, including the final issue size, rights entitlement ratio, issue price, record date, and other related matters. The Company has also approved the Draft Letter of Offer for the fundraising and will apply for in-principal approval for the rights issue under Regulation 28(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.