This is with reference to the Notice of Extra-Ordinary General Meeting (EGM) of Pulsar International Limited dated 10th December, 2025, scheduled to be held on Friday, 02nd January, 2026 ....
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Pulsar International has issued a corrigendum to its EGM notice originally dated 10 December 2025, increasing the proposed authorised share capital expansion. The original proposal was to raise authorised capital from Rs.20 crore to Rs.35 crore (adding 15 crore equity shares of Rs.1 each). The corrected proposal increases authorised capital from Rs.20 crore to Rs.45 crore, adding 25 crore equity shares of Rs.1 each. The EGM is scheduled for 2 January 2026, with e-voting from 30 December 2025 to 1 January 2026. The company stated this change is due to updated capital structuring considerations. The purpose is to enable future fundraising through fresh equity infusion, though no specific issue or fundraising is being approved at this stage.
This is only an increase in authorised capital ceiling — it does not issue new shares or dilute existing shareholders immediately. However, it signals management's intent to raise equity capital in the future, which could lead to potential dilution when shares are eventually issued.