Description

PULSAR INTERNATIONAL LIMITED announces rights issue offering 5 equity shares at Re.1/- each for every 1 equity share held, with record date December 22, 2025.

Summary

PULSAR INTERNATIONAL LIMITED (Scrip Code: 512591) has announced a rights issue of equity shares with a record date of December 22, 2025. The company is offering 5 new equity shares of Re.1/- each at par for every 1 equity share held by existing shareholders. Trading in the company’s shares will be conducted on an ex-rights basis from December 22, 2025 (Settlement No. DR-782/2025-2026).

Key Points

  • Company: PULSAR INTERNATIONAL LIMITED (Scrip Code: 512591)
  • Rights ratio: 5 new equity shares for every 1 existing share held (5:1)
  • Face value: Re.1/- per share
  • Issue price: Re.1/- per share (at par)
  • Payment terms: Full amount of Re.1/- per share payable on application
  • Segment: Dematerialised Securities - Rolling Settlement
  • Notice Number: 20251217-54

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action circular notifying market participants of a rights issue.

Compliance Requirements

  • Trading members must ensure transactions in PULSAR INTERNATIONAL LIMITED shares are conducted on ex-rights basis from the specified date
  • All trades from December 22, 2025 onwards must reflect ex-rights status
  • Trading members are required to take note of the record date and ex-rights date for client positions

Important Dates

  • Record Date: December 22, 2025
  • Ex-Rights Date: December 22, 2025 (Settlement No. DR-782/2025-2026)
  • Circular Date: December 17, 2025

Impact Assessment

Shareholder Impact: Existing shareholders will have the opportunity to subscribe to 5 new shares for every 1 share held, representing significant potential dilution if rights are not exercised. The issue being at par (Re.1/-) makes it neutral from a premium/discount perspective.

Trading Impact: Shares will trade ex-rights from December 22, 2025, which will result in a theoretical price adjustment to reflect the rights entitlement separation. Investors purchasing shares on or after this date will not be entitled to participate in the rights issue.

Market Liquidity: The 5:1 ratio represents a substantial increase in potential share capital (500% if fully subscribed), which could significantly impact the stock’s liquidity and price dynamics post-issue.

Impact Justification

Standard rights issue announcement affecting existing shareholders of PULSAR INTERNATIONAL LIMITED with 5:1 ratio, moderate dilution impact