Description
Trading of Rights Entitlements (REs) for renunciation of PULSAR INTERNATIONAL LIMITED commences from December 31, 2025 to January 13, 2026, with Rights Issue opening from December 31, 2025 to January 19, 2026.
Summary
BSE announces the commencement of trading in Rights Entitlements (REs) for renunciation of PULSAR INTERNATIONAL LIMITED. Trading will be permitted from December 31, 2025 to January 13, 2026. The Rights Issue itself opens on December 31, 2025 and closes on January 19, 2026. Rights Entitlements will be settled on T+1 rolling settlement basis on a trade-for-trade basis and are tradable only in dematerialized form.
Key Points
- Rights Entitlements trading period: December 31, 2025 to January 13, 2026
- Rights Issue period: December 31, 2025 to January 19, 2026
- Scrip Code: 751071
- Scrip ID: PULSRIN-RE
- ISIN: INE183U20014
- Market Lot: 1
- Group: R
- Settlement: T+1 rolling settlement on trade-for-trade basis
- Trading permitted only in dematerialized form
- REs which are neither subscribed nor renounced before issue closing date shall lapse and be extinguished
Regulatory Changes
No regulatory changes. This is a standard rights issue notification following existing BSE procedures for Rights Entitlements trading.
Compliance Requirements
- Trading Members must inform all clients about commencement of trading in REs, mentioning the ISIN (INE183U20014)
- Trading Members must clarify to clients that REs are not ordinary shares of the company
- Trading Members must include a disclaimer prominently in contract notes/bills for RE purchases informing clients that:
- Purchase of REs only gives right to participate in the Rights Issue by making application with requisite money
- REs can be renounced before issue closes
- REs neither subscribed nor renounced before Issue Closing Date will lapse and be extinguished
- Trading Members must refer to notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020 for further details
Important Dates
- December 29, 2025: Notice date
- December 31, 2025: Rights Entitlements trading begins; Rights Issue opens
- January 13, 2026: Rights Entitlements trading ends
- January 19, 2026: Rights Issue closes
Impact Assessment
Market Impact: Limited to shareholders and investors of PULSAR INTERNATIONAL LIMITED. The rights entitlements provide existing shareholders the option to subscribe to the rights issue or renounce their entitlements for trading. The trade-for-trade settlement ensures transparency in RE transactions.
Operational Impact: Trading Members need to ensure proper client communication regarding the nature of Rights Entitlements, include mandatory disclaimers in contract notes, and ensure clients understand that unexercised REs will lapse after the issue closing date. The T+1 settlement cycle and demat-only trading requirement follow standard BSE procedures for rights entitlements.
Impact Justification
Routine rights issue notification affecting only PULSAR INTERNATIONAL LIMITED shareholders and investors interested in rights entitlements trading. Standard settlement procedures apply.