Rights Issue: Multibagger penny stock hits 10% upper circuit after announcing fundraise

Synopsis: Pulsar International’s stock jumped sharply after the company gave the green light to a Rights Issue, aiming to raise money from its current shareholders

The shares of this company, engaged in the business of agricultural supply chain management, are in focus after it announced a key fundraising from its shareholders. In this article, we will dive more into the details of it.

With a market capitalisation of Rs 54.8 crore, the shares of Pulsar International Ltd made a day high of Rs 1.28 per share (upper circuit), up nearly 10 percent from its previous day’s close of Rs 1.17 per share. Over the past five years, the stock has delivered a multibagger return of 1,180 percent, outperforming NIFTY 50’s positive return of 90 percent.

About the Issue

Pulsar International Limited, through a stock exchange filing, announced that its Board of Directors has given the green light for a Rights Issue, letting current shareholders buy more shares and help the company raise funds. The board has signed off on the Letter of Offer and all the paperwork, which is for example if your name’s on the record as of December 22, 2025, you’ll get those documents soon.

The Rights Issue opens on December 31, 2025, and runs until January 19, 2026. If you want to sell your rights on the market, you have until January 13, 2026, to do so. Eligible shareholders will see their Rights Entitlements (REs) show up in their demat accounts under ISIN INE183U20014. Purva Sharegistry (India) Pvt Ltd will handle all the registrar work for this issue.

Financial and Other Highlights

Pulsar International Limited calls Gujarat home and puts its energy into shaking up the way food gets from farms to markets. They work with fresh fruits, veggies, grains—basically anything that can spoil fast, connecting local farmers straight to city buyers and even export markets. They do this through direct farm sourcing, contract farming, and by handling produce right after harvest, storing it in cold storage so less goes to waste and farmers get better prices.

Over time, Pulsar has set up a strong network across Gujarat, logistics hubs, warehouses, agri-processing units, and cold storage spots. They haven’t just stuck to old-school trading, either. Now they’re diving into tech, bringing in “Smart Agri Solutions” like digital farm management tools and AI-powered crop monitoring. The goal? To become a truly modern, all-in-one player in the agri supply chain.

Pulsar International has reported an operating revenue of Rs 7.98 crore in Q2 FY26, representing a 20 percent decline compared to Rs 10 crore in Q2 FY25. However, on a quarter-on-quarter basis, it grew by 6.4 percent from Rs 7.50 crore.

Regarding its profitability, it reported a net profit of Rs 18 lakh in Q2 FY26, a staggering decline of 79 percent as compared to Rs 84 lakh in Q2 FY25. Additionally, on a quarter-on-quarter basis, it declined by 55 percent from Rs 40 lakh. 

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