This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Meeting of the Board of Directors of the Company ....
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Pulsar International's board met on 10th June 2025 and approved three key items. First, the company will increase its authorized share capital from ₹12 crore (12 crore equity shares) to ₹20 crore (20 crore equity shares), subject to shareholder approval. Second, the board approved raising up to ₹36 crore through a Rights Issue of equity shares to existing eligible shareholders, pending regulatory and shareholder approvals. Third, M/s. J Singh & Associates has been appointed as the new Statutory Auditor for a five-year term (FY2025-26 to FY2029-30), replacing M/s. H.G. Sarvaiya & Co whose tenure is expiring. A postal ballot notice will be considered on 17th June 2025 to seek shareholder approval for these matters.
The rights issue of up to ₹36 crore will dilute existing shareholders but bring fresh capital into the company. The authorized capital increase and auditor change are routine governance actions. Shareholders should watch for the postal ballot and rights issue pricing details, as the issue price relative to market price will determine the attractiveness of the offer.