Intimation of Record Date for Issue of Equity Shares on Rights basis (''Rights Issue'')
Price
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Awaiting price reaction for this filing.
Pulsar International Ltd has fixed Monday, 22nd December 2025 as the record date for its proposed Rights Issue. Under the issue, eligible shareholders will receive 5 Rights Equity Shares for every 1 fully paid-up Equity Share held on the record date. This means the company's equity base will expand significantly once the rights entitlements are issued and subscribed. Shareholders on the books as of the record date will be entitled to participate in the rights offering. The company has not yet disclosed the issue price, total size of the issue, or the purpose for which the funds will be used. Further details are expected in the letter of offer that will follow.
Existing shareholders will need to evaluate whether to subscribe to their rights entitlements or let them lapse. The aggressive 5-for-1 ratio means a meaningful capital raise is planned, which could lead to significant share price adjustment on ex-rights date and potential dilution if shareholders do not fully participate.