Description

Commencement of trading in Rights Entitlements (REs) for renunciation of PULSAR INTERNATIONAL LIMITED effective December 31, 2025.

Summary

BSE announces the commencement of trading in Rights Entitlements (REs) for renunciation of PULSAR INTERNATIONAL LIMITED from December 31, 2025 to January 13, 2026. The Rights Issue will open on December 31, 2025 and close on January 19, 2026. Trading will be on T+1 rolling settlement basis, trade-for-trade, in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted from December 31, 2025 to January 13, 2026
  • Scrip Code: 751071, Scrip ID: PULSRIN-RE, ISIN: INE183U20014
  • Market Lot: 1, Group: R
  • Settlement on T+1 rolling settlement basis, trade-for-trade
  • Trading only in dematerialized form
  • Rights Issue open period: December 31, 2025 to January 19, 2026
  • Unsubscribed or unrenounced REs will lapse after Issue Closing Date

Regulatory Changes

No regulatory framework changes. Standard rights entitlements trading procedures apply as per existing BSE guidelines referenced in notices 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020).

Compliance Requirements

  • Trading Members must inform all clients about commencement of trading in REs with specific ISIN (INE183U20014)
  • Trading Members must clarify to clients that REs are not ordinary shares
  • Contract notes/bills containing RE purchases must include prominent disclaimer stating:
    • Purchase gives right to participate in ongoing Rights Issue by making application with requisite money
    • REs can be renounced before issue closes
    • REs neither subscribed nor renounced will lapse and be extinguished after Issue Closing Date
  • Trading Members must refer to notices 20200305-21 and 20200518-34 for additional details

Important Dates

  • December 29, 2025: Notice Date
  • December 31, 2025: Rights Issue opens; RE trading for renunciation begins
  • January 13, 2026: RE trading for renunciation ends
  • January 19, 2026: Rights Issue closes; last date for subscription/renunciation

Impact Assessment

Market Impact: Medium - affects existing shareholders of PULSAR INTERNATIONAL LIMITED who wish to trade or renounce their rights entitlements during the specified period.

Operational Impact: Trading Members must ensure proper client communication, accurate contract note disclaimers, and compliance with settlement procedures. The trade-for-trade settlement on T+1 basis requires operational readiness. Clients must understand the distinction between REs and ordinary shares to avoid confusion and ensure informed trading decisions during the 14-day renunciation window.

Impact Justification

Company-specific rights entitlements trading notice affecting shareholders of PULSAR INTERNATIONAL LIMITED with specific trading and settlement requirements