Pulsar International Limited , a company listed on the BSE, has announced a significant corporate action that could potentially increase its capital base. The Board of Directors of the company has approved a rights issue of equity shares, aiming to raise up to Rs. 36 crores.

Key Details of the Rights Issue

Rights Issue Committee

The Board has formed a dedicated Rights Issue Committee to oversee various aspects of the issue. This committee will be responsible for:

• Determining the issue structure
• Deciding on the timing of the issue
• Addressing the treatment of fractional entitlements
• Making necessary regulatory applications

Pending Details

Several key aspects of the rights issue remain to be finalized:

• Issue price per equity share
• Number of shares to be offered
• Rights entitlement ratio
• Record date for determining eligible shareholders

These details will be disclosed in the final Letter of Offer, which will be sent to eligible equity shareholders once determined.

Impact and Implications

This rights issue represents a significant move for Pulsar International Limited. By raising up to Rs. 36.00 crores, the company aims to strengthen its capital base. The rights issue allows existing shareholders to maintain their proportional ownership in the company while providing additional funds for potential growth or debt reduction.

Investors and market participants will be keenly watching for further announcements regarding the specifics of the rights issue, particularly the issue price and entitlement ratio, which will be crucial in determining the attractiveness of the offer.

As with any corporate action, shareholders are advised to carefully review the Letter of Offer when it becomes available to make informed decisions about their participation in the rights issue.

Pulsar International Limited , a company listed on the Bombay Stock Exchange (BSE: 512591), has announced significant changes to its board of directors and committee structures. The company made these appointments and restructuring decisions during a board meeting held on September 11, 2025.

New Board Appointments

The company has appointed two new directors to its board:

1. Kaushik Kiritkumar Modi (DIN: 09462028) has been appointed as an Additional Non-Executive Independent Director. Modi brings over 40 years of experience in investment advisory and insurance services, with expertise in equity markets and financial planning. He is known for his ability to build long-term relationships and combine deep market insights with strong communication and compliance expertise.

2. Rupabhai Maganbhai Patel (DIN: 11291265) has been appointed as an Additional Non-Executive Non-Independent Director. Patel, a Bachelor of Arts graduate, contributes over 30 years of experience in the agriculture sector. His expertise spans various aspects of agri-business operations, including harvesting, trading, and cold storage.

Both appointments are for a five-year term, subject to shareholder approval at the upcoming General Meeting of the company.

Board Committee Restructuring

Following these appointments, Pulsar International Limited has reconstituted its board committees as follows:

Audit Committee

• Chair: Payal Sadhu (Non-Executive Independent Director)
• Members: Kaushik Kiritkumar Modi and Devendrasinh Umat

Nomination & Remuneration Committee

• Chair: Rupabhai Maganbhai Patel
• Members: Kaushik Kiritkumar Modi and Devendrasinh Umat

Stakeholder Relationship Committee

• Chair: Rupabhai Maganbhai Patel
• Members: Kaushik Kiritkumar Modi and Devendrasinh Umat

Additional Information

• Neither of the newly appointed directors holds shares in Pulsar International Limited.
• Both Modi and Patel do not hold directorships in any other listed companies.
• The company has confirmed that neither appointee is debarred from holding the office of director by virtue of any SEBI order or any other such authority.
• The appointments and committee restructuring are effective from September 11, 2025.

These changes in the board composition and committee structures are expected to bring fresh perspectives and diverse expertise to Pulsar International Limited's governance and strategic decision-making processes.