Tuni Textile Mills Ltd Schedules Board Meeting on March 10, 2026 to Consider Rights Issue

Tuni textile mills Ltd has announced a board meeting scheduled for March 10, 2026, to consider raising funds through a rights issue of equity shares. The company informed BSE Limited about this development through a regulatory filing dated March 4, 2026. Board Meeting Details The meeting will be held at the company's registered office located at Unit No. 207, 2nd Floor, Building No. 3A, Mittal Industrial Estate, Andheri Kurla Road, Andheri (E), Marol Naka, Mumbai-400059, Maharashtra, India. The board will deliberate on various matters related to the proposed fundraising initiative. Parameter: Details Meeting Date: March 10, 2026 Meeting Venue: Registered Office, Mumbai Primary Agenda: Rights Issue of Equity Shares Target Recipients: Existing Shareholders Rights Issue Framework The proposed rights issue will be conducted in accordance with multiple regulatory frameworks. The company will follow the provisions of the Companies Act, 2013 and the rules made thereunder. Additionally, the issuance will comply with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. The rights issue will offer equity shares to existing shareholders, providing them with the opportunity to subscribe to additional shares in proportion to their current holdings. Trading Window Closure In compliance with insider trading regulations, Tuni Textile Mills has implemented a trading window closure with immediate effect. The restriction applies to directors, officers, and designated employees of the company. Aspect: Details Effective From: Immediate Effect Applicable To: Directors, Officers, Designated Employees Duration: Until 48 hours after meeting conclusion Regulatory Basis: SEBI Insider Trading Regulations 2015 This measure ensures compliance with the SEBI (Prohibition of Insider Trading) Regulations 2015, as amended, and the company's internal Code of Conduct for Prevention of Insider Trading. The trading window will remain closed until 48 hours after the conclusion of the board meeting. Corporate Information Tuni Textile Mills Ltd operates from its works facility located at B-5, MIDC Industrial Area, Murbad, Dist. Thane. The company's shares are listed on BSE Limited under the scrip code 531411. The announcement was signed by Narendra Kr. Sureka, Managing Director, who holds DIN 01963265. Niraj Rajnikant Shah has disclosed a significant shareholding transaction in Tuni Textile Mills Limited, acquiring 50,75,253 shares representing 3.89% of the company's equity through open market transactions. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Transaction Details The shareholding changes occurred through a series of transactions between November 13, 2025 and January 29, 2026. Shah's investment activity involved both acquisitions and disposals during this period. Transaction Type: Number of Shares Percentage Shares Acquired: 78,30,138 5.99% Shares Sold: 27,54,885 2.11% Net Acquisition: 50,75,253 3.89% Shareholding Position Shah's shareholding position shows the following changes before and after the transaction period: Position: Number of Shares Percentage of Total Capital Before Transaction: 71,57,015 5.48% After Transaction: 50,75,253 3.89% Net Change: -21,01,762 -1.59% Despite the acquisition activity, Shah's overall holding decreased due to larger disposal transactions during the same period. The acquirer does not belong to the promoter or promoter group of the company. Company Capital Structure Tuni Textile Mills Limited maintains a stable capital structure with no changes to its equity base during the transaction period. The company's equity share capital stands at Rs.13,06,31,000, comprising 13,06,31,000 equity shares of Re.1 each. The shares are listed on BSE Limited. Parameter: Details Total Equity Capital: Rs.13,06,31,000 Number of Shares: 13,06,31,000 Face Value per Share: Re.1 Stock Exchange: BSE Limited Regulatory Compliance The disclosure was submitted on January 30, 2026, in compliance with SEBI regulations governing substantial acquisition of shares. Shah holds no encumbered shares, voting rights other than through equity shares, or any convertible securities in the company. All transactions were conducted through open market purchases and sales. The disclosure provides transparency regarding significant shareholding changes and ensures compliance with regulatory requirements for substantial acquisitions in publicly listed companies. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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