Pulsar International Board Approves Rights Issue Schedule Opening December 31
Pulsar International Limited's board has approved the complete rights issue schedule with opening on December 31, 2025, and closing on January 19, 2026. The 5:1 rights issue maintains the previously announced ratio with record date of December 22, 2025, and includes allocation of ISIN INE183U20014 for rights entitlements.
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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.
| Meeting Details: | Information |
|---|---|
| Meeting Date: | Tuesday, December 23, 2025 |
| Meeting Time: | 12:00 PM to 12:40 PM |
| Venue: | Registered Office, Ahmedabad |
| Record Date: | Monday, December 22, 2025 |
| Authorized By: | Arvind Gulabji Parmar, Managing Director |
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.
| Rights Issue Timeline: | Date |
|---|---|
| Issue Opening: | Wednesday, December 31, 2025 |
| Last Date for On-Market Renunciation: | Tuesday, January 13, 2026 |
| Issue Closing: | Monday, January 19, 2026 |
| Rights Ratio: | 5:1 |
| Maximum Issue Period: | 30 days from opening |
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.
| Technical Parameters: | Details |
|---|---|
| Rights Entitlement ISIN: | INE183U20014 |
| Registrar to Issue: | Purva Sharegistry (India) Private Limited |
| Security ID: | PULSR |
| BSE Code: | 512591 |
| CIN: | L46209GJ1990PLC152223 |
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.
Historical Stock Returns for Pulsar International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -5.13% | -9.76% | -77.98% | -81.95% | 0.0% |
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