Pulsar International Limited has successfully completed a significant rights issue, with its Rights Issue Committee approving the allotment of substantial equity shares to eligible shareholders. The committee meeting, held on January 21, 2026, at the company's registered office in Ahmedabad, Gujarat, marked a crucial milestone in the company's capital expansion plans.

Rights Issue Details and Structure

The Rights Issue Committee approved the allotment of 35.69 crore fully paid-up equity shares with a face value of ₹1.00 each. The rights issue was structured in a 5:1 ratio, meaning eligible shareholders received 5 rights equity shares for every 1 fully paid-up equity share they held on the record date.

Committee Meeting and Approval Process

The Rights Issue Committee meeting commenced at 7:00 PM and concluded at 7:20 PM on January 21, 2026, at the company's registered office located at 16 Vibrant Mega Industrial Park, Vehlal, Ahmedabad, Gujarat. The allotment was conducted pursuant to the Letter of Offer dated December 23, 2025, and followed the Basis of Allotment approved by BSE Limited, which served as the designated stock exchange for this issue.

Impact on Share Capital Structure

Following the completion of the rights issue allotment, Pulsar International Limited's paid-up equity share capital has been restructured significantly. The company's enhanced capital position reflects the successful completion of the rights offering to existing shareholders.

Administrative Actions

As part of the rights issue completion process, the committee also approved the extinguishment of lapsed rights entitlements and deactivation of the ISIN for rights entitlements (INE183U20014). This administrative action ensures proper closure of the rights issue process and maintains accurate records for all stakeholders.

The company has informed BSE Limited about these developments in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency and regulatory adherence throughout the rights issue process.

Pulsar International Limited successfully conducted an Extra-Ordinary General Meeting (EGM) on January 02, 2026, securing unanimous shareholder approval for its authorized share capital increase. The resolution received overwhelming support with 100% votes in favor, demonstrating strong shareholder confidence in the company's capital restructuring initiative.

Meeting Overview and Attendance

The EGM was conducted at the company's registered office located at 16, Vibrant Mega Industrial Park, Survey No. 33, Mouje Vehal, Taluka Daskroi, Vehal, Ahmedabad, Gujarat. The meeting commenced at 10:00 A.M. (IST) and concluded at 10:40 A.M. with requisite quorum maintained throughout the proceedings.

Voting Process and Results

The company implemented a comprehensive dual voting mechanism comprising remote e-voting and ballot paper voting. Remote e-voting was available from December 30, 2025 (09:00 A.M.) to January 01, 2026 (05:00 P.M.), while ballot paper voting was conducted during the EGM for members who had not exercised remote voting rights.

Mr. Ankurkumar Dineshchandra Gandhi, Proprietor of M/s. Ankur Gandhi & Associates (Membership No. 48016), served as the appointed scrutinizer to oversee the entire voting process and ensure transparency.

Detailed Voting Breakdown

The voting participation showed strong engagement across different shareholder categories. Promoter and promoter group demonstrated complete support with 58,40,920 votes (100% of their holding), while public non-institutional shareholders contributed 54,07,378 votes representing 8.25% of their total shareholding.

Resolution Details and Compliance

The primary agenda focused on increasing the company's authorized share capital and consequent alteration of the Capital Clause of the Memorandum of Association. This ordinary resolution was classified as non-interested for promoter/promoter group participation.

The EGM was conducted in full compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. Vikas Gohil, Director (DIN: 09578828), confirmed the submission of consolidated scrutinizer's report and voting results to BSE Limited (Scrip Code: 512591) within the prescribed regulatory timeframe.

The unanimous approval reflects strong shareholder confidence in the company's strategic capital restructuring initiative, positioning Pulsar International for enhanced operational flexibility and future growth opportunities.