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.

Pulsar International Limited has officially approved the complete schedule and documentation for its 5:1 rights issue following a board meeting held on December 23, 2025. The board meeting, conducted at the company's registered office in Ahmedabad, Gujarat, finalized all operational aspects of the capital raising initiative with a confirmed opening date of December 31, 2025.

Board Meeting Outcomes and Approvals

The Board of Directors meeting commenced at 12:00 PM and concluded at 12:40 PM on Tuesday, December 23, 2025, at the registered office located at Vibrant Mega Industrial Park, Ahmedabad. The board approved the Letter of Offer, Abridged Letter of Offer, and other issue materials to be filed with BSE Limited and dispatched to eligible equity shareholders as on the record date of December 22, 2025.

Rights Issue Schedule and Timeline

The board has established a comprehensive timeline for the rights issue process, with the issue opening on December 31, 2025, and closing on January 19, 2026. The last date for on-market renunciation of rights entitlements has been set for January 13, 2026, providing eligible shareholders with sufficient time for decision-making.

ISIN Allocation and Technical Details

Pulsar International has been allocated the International Securities Identification Number (ISIN) INE183U20014 specifically for the Rights Entitlement (RE) credit process. The rights entitlements of eligible equity shareholders will be credited to their respective demat accounts under this ISIN prior to the issue opening date.

Regulatory Compliance and Flexibility

The communication to BSE Limited, made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensures full regulatory compliance. The board has retained the right to extend the issue period as determined from time to time, provided the total duration does not exceed 30 days from the opening date. Additionally, no withdrawal of applications will be permitted after the issue closing date.

Eligible equity shareholders are advised to ensure that renunciation through off-market transfer is completed such that rights entitlements are credited to the demat account of the renouncee(s) on or prior to the issue closing date, facilitating smooth participation in this significant capital raising exercise.