Tuni Textile Mills Rights Issue 2026: ₹1 Price, Dates

Key announcement: Re 1 rights issue price

Tuni Textile Mills has finalised the key terms for its proposed equity fundraising through a rights issue, fixing the issue price at Re 1 per share. The modalities were approved by the company’s Rights Issue Committee on September 9, 2026, after the Board’s initial approval in March 2026. The company plans to issue 48,98,66,250 fully paid-up equity shares on a rights basis. At Re 1 per share, the aggregate issue amount is capped at about ₹48.99 crore. The equity shares being issued carry a face value of Re 1 each and are described as fully paid-up. The company has also approved the Letter of Offer for filing with BSE.

What the company is issuing

The rights issue involves 48,98,66,250 rights equity shares, all fully paid-up and priced at Re 1 per share. With a face value of Re 1 per share, the instrument structure is straightforward, with the issue price aligned to face value. The company has indicated the aggregate amount for the issue is capped at around ₹48.99 crore based on the Re 1 issue price. The listing venue mentioned for the rights issue is BSE. As per the disclosed offer details, the entitlement ratio for this 2026 rights issue is 15:4, meaning 15 rights shares for every 4 shares held by eligible shareholders. The Letter of Offer has been referenced as approved and filed with BSE.

Timeline: opening date, closing date, and renunciation window

Tuni Textile Mills has stated the issue will open on Monday, September 28, 2026 and close on Monday, October 26, 2026. Separately, a tabular schedule in the provided details shows a different closing date as October 16, 2026. Since both dates appear in the supplied information, investors typically check the final Letter of Offer and exchange notices for the confirmed closing date.

The on-market renunciation period is stated to run from Monday, September 28, 2026 to Tuesday, October 20, 2026. This matters for shareholders who want to renounce (sell) their rights entitlements on-market during the allowed window. The record date for the 2026 issue is presented as September 16, 2026. The “last date to buy shares” to be eligible is listed as September 15, 2026.

Entitlement and renunciation: how it works

Under the disclosed 2026 entitlement ratio of 15:4, eligible shareholders receive rights entitlements in proportion to their existing holdings as of the record date. A rights issue generally gives shareholders the option to apply for additional shares at the set issue price, and to renounce their rights (where permitted) within a defined period. For this issue, the on-market renunciation period is explicitly stated as September 28, 2026 to October 20, 2026. The rights shares are offered at Re 1 per rights equity share. The company’s disclosures also describe the shares as fully paid-up.

Regulatory steps and exchange filings

The Rights Issue Committee approved the modalities on September 9, 2026. The same committee also approved the Letter of Offer dated September 9, 2026, which has been filed with BSE Limited and made available on the company’s website. Before this, the Board had approved the rights issue proposal in March 2026, including a draft letter of offer and steps to seek in-principle approval under SEBI LODR requirements. In addition, BSE granted in-principle approval for listing of the equity shares via a letter dated July 14, 2026, subject to statutory compliance.

What happened earlier: Board approval in March 2026

Tuni Textile Mills stated that its board meeting on March 10, 2026 approved a rights issue worth ₹49.00 crore for existing shareholders. The board also approved the draft letter of offer and authorised an application for in-principle approval under Regulation 28(1) of SEBI LODR Regulations, 2015. The disclosure described the fundraising as a right issue of equity shares of face value Re 1 each, at such price (at a premium or discount to the market price) that the aggregate value does not exceed ₹49.00 crore. The subsequent committee approvals in September 2026 finalised the issue price specifically at Re 1 per share, with the share count implying a cap of about ₹48.99 crore.

Reference point: the 2025 rights issue (undersubscribed, cancelled)

The provided information also includes details of an earlier Tuni Textile Mills rights issue tied to a 15 November 2025 record date. That rights issue is described as running from 24 November to 23 December 2025 (extended), and is labelled “Undersubscribed, Cancelled”. The 2025 issue price was ₹1 per share, with an issue size of 42,32,44,440 shares and an issue size of ₹42.32 crore. The entitlement ratio in those 2025 details is stated as 81:25.

For the 2025 rights issue, proceeds were proposed to be used for loan repayment (₹8.37 crore), renovation and modernisation of the Murbad factory (₹4.66 crore), working capital enhancement (₹13.72 crore), and machinery upgradation (₹5.65 crore). These utilisation figures appear only in the 2025 context and are not stated as part of the 2026 issue terms in the supplied text.

How investors can apply (as stated)

The application routes listed for the rights issue include net banking via ASBA and the registrar’s website through the R-WAP facility. Investors typically need to have rights entitlements credited (or otherwise be eligible as per the record date) to apply for shares in a rights issue. The company address provided is: Gala No. 207, Building No. 3-A, 2nd Floor, Mittal Industrial Estate, Andheri Kurla Road, Andheri (E), Mumbai, 400059. Another listing of the company’s address is also provided in similar form, along with a phone number and email.

Key terms and dates at a glance

Why the details matter for shareholders

For existing shareholders, the critical operational dates are the last date to buy shares for eligibility and the record date. In the provided schedule, September 15, 2026 is listed as the last date to buy, and September 16, 2026 as the record date. The issue price at Re 1 per share is also a central input for anyone evaluating the cash outlay for applying. The entitlement ratio of 15:4 defines how many rights shares a shareholder can apply for relative to existing holdings.

The presence of two different closing dates in the supplied information makes it important to rely on the final Letter of Offer and exchange communications for the authoritative timeline. Investors who intend to renounce should also track the on-market renunciation window, stated as September 28 to October 20, 2026.

Conclusion

Tuni Textile Mills has moved from board approval in March 2026 to finalised terms in September 2026, setting a Re 1 issue price and proposing 48,98,66,250 rights shares for an issue size capped at about ₹48.99 crore. The Letter of Offer dated September 9, 2026 has been filed with BSE and made available on the company’s website. Key dates highlighted include a September 16, 2026 record date, a September 28, 2026 opening, and an on-market renunciation period ending October 20, 2026. The final closing date should be verified from the Letter of Offer and BSE notices because the supplied details cite October 26, 2026 and also show October 16, 2026 in a table.