Tuni Textile Mills Ltd Receives In-Principle Approval for Rights Issue

Tuni Textile Mills Ltd. has received in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares. The approval is subject to the company adhering to specific disclaimer clauses in its Letter of Offer and advertisements, and complying with all legal and statutory formalities. BSE has granted permission to use its name as the stock exchange where the securities are proposed to be listed, but explicitly states it does not warrant the correctness or completeness of the offer document, nor does it guarantee listing or the company's financial soundness. The company must also comply with post-issue requirements, ensure dematerialization agreements with depositories, get the Basis of Allotment approved, and appoint a qualified Company Secretary as Compliance Officer.