we hereby inform you that the Rights Issue Committee of Directors of the Company in their meeting held today i.e. Wednesday, 21st January, 2026 at the Registered Office of the Company situated ....
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Pulsar International Ltd's Rights Issue Committee, in its meeting on 21st January 2026, approved the allotment of 35.69 crore fully paid-up equity shares (face value Re. 1 each) on a rights basis in a 5:1 ratio (5 shares for every 1 held) at Re. 1.00 per share. The record date was 22nd December 2025. Post-allotment, the company's paid-up equity share capital will stand at 42.83 crore shares. The company also extinguished lapsed rights entitlements and deactivated the rights entitlement ISIN (INE183U20014).
This is a 5x expansion of share count, issued at face value, which will increase the company's equity base significantly but at no premium, meaning no fresh capital beyond meeting face value requirements. Existing shareholders may see dilution and a potential downward adjustment in share price due to the enlarged share base.