ALPHA TRIBE

Tuni Textile Mills LtdImportant, 19-11-2025: Company Update

19-11-2025 | 03:29 pm

Tuni Textile Mills has approved a Rights Issue of up to 42.32 Cr shares at ₹1 each, aiming to raise ₹42.32 Cr. Funds are earmarked for debt repayment (₹8.38 Cr), factory renovation (₹4.67 Cr), machinery upgrades (₹5.65 Cr), and boosting working capital (₹13.72 Cr). Notably, promoters will not subscribe, signaling potential dilution for existing shareholders. New shares will carry full voting rights and dividends. This move strengthens company finances and supports growth. For the year, revenue was ₹76.50 Cr and net profit ₹0.57 Cr.

No comments yet. Be the first to comment!

All announcements from Tuni Textile Mills Ltd