The Board has decided and approved the increase in Authorized Share Capital of the Company from Rs. 12,00,00,000/- comprising 12,00,00,000 number of Equity Shares to Rs. 20,00,00,000/- ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pulsar International Ltd's board, at its meeting on June 10, 2025, approved raising the authorized share capital from ₹12 crore (12 crore equity shares) to ₹20 crore (20 crore equity shares), subject to shareholder approval. The board also approved raising funds of up to ₹36 crore through a rights issue of equity shares to eligible shareholders, pending regulatory and shareholder clearances. Additionally, M/s. J Singh & Associates has been appointed as the new statutory auditor for five years (FY2025-26 to FY2029-30), replacing M/s. H.G. Sarvaiya & Co whose tenure ends at the upcoming AGM. A postal ballot notice will be considered by the board on June 17, 2025.
The authorized capital hike and proposed rights issue of up to ₹36 crore signal that the company is preparing to raise fresh equity capital, which could dilute existing shareholders but also bring in new funds for business expansion. Shareholders should watch for the rights issue terms and postal ballot details next week.