Allotment of 35,69,50,000 fully paid-up equity shares on rights basis.
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Pulsar International Ltd's Rights Issue Committee approved the allotment of 35.69 crore fully paid-up equity shares (face value Re. 1 each) on a rights basis in a 5:1 ratio — 5 rights shares for every 1 share held by eligible shareholders. The issue price was Re. 1.00 per share, i.e. at par (no premium). Following this allotment, the company's paid-up equity share capital rises to 42,83,40,000 shares (approximately Rs. 42.83 crore), up from about 7.14 crore shares earlier — a roughly 6-fold increase in share count. Lapsed rights entitlements have also been extinguished. The allotment was made pursuant to the Letter of Offer dated 23rd December 2025, with BSE as the designated stock exchange.
The massive 6-fold expansion of the share count will significantly dilute existing shareholders' ownership percentage. Since shares were issued at par (not at a premium), the company is not raising premium capital — it is primarily enlarging the equity base. The rights issue price at face value suggests existing shareholders had to put in additional capital proportional to their holdings to maintain their stake.