Tuni Textile Rights Issue 2026: Key Dates and Terms

Tuni Textile Mills Ltd has opened a rights issue priced at ₹1 per equity share, seeking to raise approximately ₹48.99 crore. The issue gives eligible shareholders the right to apply for 15 new equity shares for every four shares held on the record date. The record date was September 16, 2026, and the subscription window runs from September 28 to October 26, 2026. The issue is fully payable at the time of application and is proposed to be listed on the BSE. The company’s Rights Issue Committee had scheduled a meeting on September 9 to approve the issue price, entitlement ratio, record date, opening and closing dates, and related modalities.

Rights issue size and pricing

The company plans to issue up to 48,98,66,250 fully paid-up equity shares. Each share has a face value of ₹1 and is being offered at ₹1, which means the issue carries no premium. At the stated price, the maximum issue size is ₹48.99 crore, also reported as ₹4,898.66 lakh. The funds are being raised through an offer to existing eligible shareholders rather than a public issue. The announced terms state that the rights shares are fully paid at the time investors submit their applications.

The issue size is significantly large relative to the number of existing shares implied by the 15:4 entitlement ratio. Existing investors should therefore assess the dilution implications if they do not apply for their rights entitlement or renounce it within the permitted period. A rights issue allows shareholders to maintain their ownership proportion by subscribing to the shares offered to them. It does not require shareholders to subscribe, but an unsubscribed entitlement may result in a lower proportionate holding after new shares are issued.

Record date and shareholder eligibility

September 16, 2026 was fixed as the record date for determining eligible shareholders. BSE corporate action information stated that transactions in Tuni Textile Mills equity shares would be on an ex-rights basis from September 16, 2026. September 15 was reported as the last date to buy the equity shares with rights eligibility. Shareholders recorded as holders on the record date are entitled to receive rights entitlements in the announced 15:4 proportion.

The entitlement means a shareholder holding four fully paid equity shares on the record date receives the right to apply for 15 new shares. The entitlement is not the same as automatic allotment of new shares. Eligible holders need to make an application and pay the issue price to subscribe. The final number of shares allotted remains subject to the issue process and the basis of allotment.

Subscription window and key deadlines

The rights issue opened on Monday, September 28, 2026 and closes on Monday, October 26, 2026. As of October 19, the issue was reported to be open. A revision filed on September 11 changed the last date for on-market renunciation to October 19, 2026. This date matters for shareholders who intend to transfer or sell their rights entitlements through the market rather than subscribe to them.

The reported timetable identifies October 27 as the deemed date of allotment and the date for finalisation of the basis of allotment. The listing date for the new shares is reported as October 29, 2026. These are scheduled process dates, subject to completion of applicable issue procedures. Investors should refer to the company’s offer documents and exchange notices for any updated timetable or procedural instruction.

Demat requirement for entitlements

Rights entitlements are to be credited only in dematerialised form. Shareholders holding equity shares in physical form need to provide their demat account details to the registrar or the company by October 21, 2026. This deadline was specified to enable the transfer of entitlements before the issue closes. Physical shareholders who do not complete the demat-related process in time may face difficulty in receiving or using their entitlements within the subscription period.

The demat-only credit mechanism makes timely documentation important for affected holders. Investors should ensure that their demat account details are correctly registered and should follow the application procedure set out in the letter of offer. The source material does not provide subscription figures or an allotment outcome as of October 26.

Trading in rights entitlements

The rights entitlements are identified as TUNTEX-RE1. As of October 26, 2026, the reported price of Tuni Textile Mills Rights Entitlements was ₹0.09. Rights entitlements generally represent the right to apply for the underlying rights shares, not the shares themselves. Their market price can differ from the issue price because it reflects trading demand, time remaining before expiry, and the terms of the underlying issue.

The revised final date for on-market renunciation was October 19. After the renunciation window closes, holders cannot rely on market trading to transfer their rights entitlement. They must follow the applicable issue process for subscription, where eligible, or allow the entitlement to lapse. The ₹0.09 quoted price relates to the rights entitlement instrument and should not be treated as the price of Tuni Textile Mills equity shares.

Context from earlier rights issue plans

The current issue follows earlier fundraising proposals by Tuni Textile Mills. The company had previously approved a rights issue of 42,32,44,440 equity shares at Re 1 each, targeting ₹42.32 crore, with an entitlement ratio of 81 shares for every 25 existing shares. That issue was described as opening on November 24 and closing on December 8. Separately, the company had approved a proposal to raise up to ₹49 crore through a rights issue, with the record date to be determined.

The provided information also states that a rights issue launched by the company in 2025 was later withdrawn because of insufficient investor subscription. That history provides context for the current offer, but it does not establish the subscription result of the 2026 issue. The terms now in force are the 15:4 entitlement ratio, ₹1 issue price and maximum issue size of about ₹48.99 crore.

Market impact and investor considerations

For existing shareholders, the main immediate consideration is whether to subscribe, renounce the entitlement within the permitted period, or take no action. Since the rights shares are offered at face value, shareholders need to consider the number of additional shares they may apply for and the cash required. A holder of four existing shares would have an entitlement to 15 new shares, requiring ₹15 to subscribe to the full entitlement. The enlarged equity base after allotment can affect each shareholder’s ownership percentage if rights are not exercised.

The issue also brings a substantial number of new shares into the company’s capital structure if fully subscribed. The offer’s stated maximum proceeds are approximately ₹48.99 crore, based on 48,98,66,250 shares at ₹1 each. The source material does not state the specific use of proceeds, subscription level, or final allotment outcome. Investors should distinguish between the announced maximum size and funds actually raised after the issue closes.

What happens after the closing date

October 26 is the scheduled final day for applications to the rights issue. The reported next steps are finalisation of the basis of allotment and deemed allotment on October 27, followed by the proposed listing of the rights shares on October 29. These dates outline the expected sequence after closure, although any change would need to be communicated through the company or stock exchange.

Tuni Textile Mills’ 2026 rights issue is defined by a ₹1 issue price, a 15:4 entitlement ratio and an approximately ₹48.99 crore maximum fundraising target. The record date has passed, and the subscription period is scheduled to end on October 26. The next confirmed milestones are the reported allotment process on October 27 and proposed BSE listing on October 29.