Pulsar International Limited has scheduled its 35th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The primary agenda includes approving the appointment of M/s. Nirav S. Shah Chartered Accountants as statutory auditor to fill a casual vacancy.

The Board of Directors approved the appointment during a meeting held on September 4, 2026. The resolution requires member approval at the AGM, which will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

Key Corporate Actions

The board also finalized the notice for the AGM and approved the Annual Report for Financial Year 2025–26. Additionally, M/s. Ankur Gandhi and Associates was appointed as the scrutinizer for monitoring the e-voting process.

Auditor Appointment Context

The appointment of M/s. Nirav S. Shah Chartered Accountants is intended to fill a casual vacancy caused by the resignation of the previous statutory auditors, M/s. Sweta Jain and Co LLP. The new auditors will hold office for five years, from the conclusion of this AGM until the conclusion of the 40th AGM in 2031.

M/s. Nirav S. Shah Chartered Accountants, established in 2009 in Ahmedabad, has over 15 years of experience in taxation, audit, regulatory compliance, and financial advisory services. The firm provides income tax, GST, statutory audit, and MCA compliance services, along with expertise in tax litigation and project finance.

E-Voting and Meeting Details

Remote e-voting will be available from September 26, 2026, to September 29, 2026. Shareholders holding shares as on the cut-off date of September 23, 2026, are eligible to vote. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026.

Shweta Jain & Co LLP has tendered its resignation from the position of statutory auditor for Pulsar International , effective August 17, 2026. The chartered accountancy firm stated that the decision stems from professional and practical challenges, including a shortage of staff and difficulties in securing requisite information from the company in a timely manner.

The audit assignment for the financial year 2025-26 was undertaken after Shweta Jain & Co LLP was appointed to fill a casual vacancy in the office of the statutory auditor. According to the resignation letter, the firm issued the audit report for the financial year ended March 31, 2026, and the limited review report for the quarter ended June 30, 2026, prior to stepping down.

Reasons for Resignation

The firm outlined two primary factors contributing to its decision to resign:

• Appointment pursuant to casual vacancy: The late appointment made it difficult to complete the audit process within required timelines given the circumstances and time available.
• Resource and Information Constraints: The firm cited a shortage of professional staff, which limited its ability to deploy adequate resources. Additionally, it reported practical difficulties in obtaining records, explanations, and access to relevant data from the company, leading to delays in finalizing the audit report.

Shweta Jain & Co LLP explicitly confirmed that the resignation is not on account of any dispute, disagreement, or professional misconduct on the part of the company or its management. Instead, it attributed the exit solely to professional resource constraints and the practical challenges associated with the timely completion of the audit assignment.

Regulatory Compliance

The firm requested that Pulsar International complete all necessary statutory and regulatory formalities arising from the resignation. This includes filing prescribed forms with the Registrar of Companies and making necessary disclosures where applicable. The resignation letter serves as formal notification to the Board of Directors, ensuring the company can appoint a new auditor to comply with statutory timelines without further delay.