Approval of Issue Materials and Schedule of Rights Issue
Price
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Pulsar International Ltd's board, at a meeting on 23rd December 2025, approved the Letter of Offer, Abridged Letter of Offer and other issue materials for a Rights Issue. The record date for eligible shareholders was set as 22nd December 2025. The Rights Issue opens on 31st December 2025 and closes on 19th January 2026, with the last date for on-market renunciation of rights entitlements being 13th January 2026. The ISIN for the Rights Entitlement is INE183U20014, and M/s. Purva Sharegistry (India) Private Limited will act as the Registrar to the Issue. The board retains the right to extend the issue period up to 30 days from the opening date. Shareholders eligible as on the record date will receive rights entitlements credited to their demat accounts before the issue opens.
Existing shareholders as of 22nd December 2025 are eligible to participate in the Rights Issue and should review the offer documents carefully before deciding to subscribe, renounce, or let entitlements lapse. The stock may see short-term price pressure as the ex-rights date approaches and the discount/pricing of the issue will be key to investor returns.