Penny Stock Below Rs 1 Hits Upper Circuit As Board To Consider 100% Dividend Soon

Pulsar International has announced that the Board of Directors will meet on Saturday, March 14, 2026, to discuss, approve, and propose an interim dividend up to 100% for the current fiscal year 2025-2026, if any, as well as to determine the record date for the same. Additionally, the Board said that it will discuss and assess a strategic extension of the company's "Smart Agri Solution" activities into Internet of Things (IoT) technologies driven by artificial intelligence (AI) for superior supply chain management and precision farming.

"Further, in accordance with the Company's Code of Conduct for the Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the securities of the Company by designated persons and their immediate relatives shall remain closed with immediate effect and will open 48 hours after the conclusion of the Board Meeting and the dissemination of the outcome to the Stock Exchange," said the company in a statement.

Following the announcement, as of 11 March 2026, the share price of Pulsar International Ltd (BSE: 512591) is Rs 0.82, marking a 3.80% increase from its previous close. The stock is currently locked at its 5% upper circuit. It opened at Rs 0.82 and fluctuated between a low of Rs 0.81 and a high of Rs 0.82 during the session. The stock has moved between a low of Rs 0.79 and a high of Rs 10.26 over the past year.

In order to finance cold storage facilities and contract farming efforts, the company recently successfully concluded a Rs 35.70 crore rights issue in December 2025 at a 5:1 ratio at Rs 1 per share.

The company's operational and financial performance during Q3FY26, which concluded in December 2025, showed a significant improvement. In comparison to Rs. 0.66 crore in the same time period of the previous year, the company declared a net profit of Rs. 3.29 crore, indicating more than a four-fold growth YoY. EBITDA climbed 445% YoY to Rs. 3.57 crore, while revenue from operations expanded 530% YoY to Rs. 39.64 crore.

The company generated sales of Rs. 55.11 crore for the nine months that ended in December 2025 (9MFY26), a 145% YoY growth. EBITDA climbed 89% YoY to Rs. 4.16 crore, highlighting strong operational momentum, while net profit mushroomed 76% YoY to Rs. 3.87 crore.

With a strategic focus on perishable commodities like fresh fruits and vegetables, Pulsar International Limited was founded in 1991 and is involved in the procurement, processing, and distribution of agricultural produce.