Intimation of In-principle approval received for Rights Issue of fully paid-up equity shares by our Company
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Pulsar International Ltd has received in-principle approval from BSE Limited for its proposed Rights Issue of fully paid-up equity shares, granted vide letter dated December 11, 2025. The company's original application for this approval was filed on October 17, 2025. This approval allows the company to use BSE's name in its Letter of Offer, subject to including the standard disclaimer clause. The company still needs to fix a record date (with at least 3 working days advance notice to the exchange) and disclose the rights issue price at least 3 working days before that record date. No details on issue size, price, ratio, or use of proceeds have been disclosed in this filing.
This is a procedural milestone, not a final approval — existing shareholders will get the opportunity to subscribe to new shares in proportion to their holdings, but pricing and dilution details are yet to be announced, so the actual impact on share price and shareholder value remains unclear.