Description
PULSAR INTERNATIONAL LIMITED has fixed record date of December 22, 2025 for rights issue offering 5 equity shares for every 1 share held at Re.1/- per share.
Summary
BSE has announced that PULSAR INTERNATIONAL LIMITED (Scrip Code: 512591) has fixed December 22, 2025 as the record date for its rights issue. Shareholders will be entitled to subscribe to 5 new equity shares of Re.1/- each at par for every 1 equity share held. Trading in the company’s equity 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 equity shares for every 1 equity share held
- Face value: Re.1/- per share
- Issue price: Re.1/- per share (at par)
- Payment terms: Full amount payable on application
- Record date: December 22, 2025
- Ex-rights date: December 22, 2025
- Settlement number: DR-782/2025-2026
- Segment: Dematerialised Securities - Rolling Settlement
Regulatory Changes
No regulatory changes announced. This is a standard corporate action notification regarding a rights issue.
Compliance Requirements
- Trading members must execute all transactions in PULSAR INTERNATIONAL LIMITED equity shares on an ex-rights basis from December 22, 2025
- Members must ensure proper settlement and recording of rights entitlements
- Full issue price of Re.1/- per share must be paid at the time of application
Important Dates
- December 17, 2025: Circular issued
- December 22, 2025: Record date for determining rights entitlement
- December 22, 2025: Ex-rights trading begins (Settlement No. DR-782/2025-2026)
Impact Assessment
Market Impact: High - The 5:1 rights ratio represents a substantial increase in share capital (500% expansion). This will significantly dilute existing shareholding for those who do not participate in the rights issue.
Shareholder Impact: Existing shareholders must be present on the register as of the record date to be eligible for rights entitlement. The ex-rights trading from December 22, 2025 means shares purchased on or after this date will not carry rights entitlement.
Operational Impact: Trading members must adjust their systems to handle ex-rights trading and ensure proper allocation of rights to eligible shareholders. The low issue price (Re.1/-) makes the rights issue attractive for participation.
Impact Justification
Significant rights issue with 5:1 ratio will substantially increase share capital and requires shareholder action before record date.