Promoter’s Holding Increases at Tuni Textile Mills as Shares Are Transferred Following Inheritance
The promoter group of Tuni Textile Mills Ltd has seen an increase in shareholding consequent upon the transmission of shares following the passing of Late Shri Prabhudayal Sureka. Pradeepkumar Sureka, a promoter of the company, acquired shares via off market transmission relating to his father's holdings.The acquisition details reflect that Pradeepkumar Sureka’s pre-acquisition holding stood at 51,15,500 shares, representing 3.916% of the total share/voting capital as of June 1, 2026. This stake included both voting rights and encumbered shares.
The transaction involved an acquisition of 87,13,000 shares, accounting for 6.6699% of the company’s total diluted share/voting capital at the time of the purchase. The mode of this off market transmission was due to the death of Late Shri Prabhudayal Sureka and falls within the Promoter group structure.
Following the acquisition, Pradeepkumar Sureka's cumulative holding in Tuni Textile Mills Ltd rose significantly. His post-acquisition shareholding stood at 1,38,28,500 shares, which translates to 10.5859% of the total diluted share/voting capital. The company’s equity share capital remained 13,06,31,000 Equity Shares of Face Value of Rs. 1/- Each both before and after this acquisition.
The key financial metrics detailing the transition in shareholder holding are summarized below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Held (Voting Rights) | 51,15,500 (3.916%) | 1,38,28,500 (10.5859%) |
| Acquired Shares | N/A | 87,13,000 (6.6699%) |
| Total Share Capital | 13,06,31,000 | 13,06,31,000 |
Stock Price Movement
As of 11:22, Tuni Textile Mills Ltd is edging higher at ₹1.06, with shares ticking up 1.92%. The stock has navigated an intraday range, trading between a low of ₹1.04 and a high of ₹1.07.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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