Pulsar International Limited has announced the resignation of its statutory auditor, M/s. J. Singh Associates, effective December 15, 2025. The company informed the BSE about this development through a regulatory filing dated December 16, 2025, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Resignation Details

The resignation was formally placed before the Board of Directors at their meeting held on December 16, 2025, and has been taken on record. J. Singh Associates submitted their resignation letter citing specific operational challenges that prevented them from continuing their audit responsibilities.

Reasons for Resignation

J. Singh Associates provided detailed explanations for their decision to step down as statutory auditor. The auditing firm outlined two primary factors that led to their resignation:

• Partner Resignation: A key partner who was primarily responsible for overseeing audits of Pulsar International Limited recently resigned from the partnership, resulting in a significant reduction in overall audit leadership capacity
• Staff Constraints: The firm is experiencing acute staff shortages and resource limitations, making it unable to allocate the necessary team strength required for timely and quality completion of audits

Compliance and Timeline Impact

The auditing firm acknowledged that due to these circumstances, they would not be in a position to complete the audit within the stipulated timelines prescribed under applicable laws and regulations. To avoid further delay or inconvenience to the company, J. Singh Associates believed it appropriate to resign and allow Pulsar International to appoint another auditor who can devote adequate time and resources.

Regulatory Confirmations

J. Singh Associates confirmed in their resignation letter that there are no other material reasons for their resignation except those stated. The firm also confirmed compliance with Section 140(2) of the Companies Act, 2013 read with Rule 8 of the Companies (Audit and Auditors) Rules, 2014, stating they have provided all required information and explanations.

Next Steps

Pulsar International Limited has indicated that it will appoint a new statutory auditor in accordance with the provisions of the Companies Act, 2013 and applicable SEBI regulations. The company stated that details regarding the new auditor appointment will be communicated to the stock exchange in due course. The resignation letter was signed by Hemant Kumar Shantilal Mehta, Partner at J. Singh Associates, with membership number 100748.

Pulsar International Limited has officially approved the complete schedule and documentation for its 5:1 rights issue following a board meeting held on December 23, 2025. The board meeting, conducted at the company's registered office in Ahmedabad, Gujarat, finalized all operational aspects of the capital raising initiative with a confirmed opening date of December 31, 2025.

Board Meeting Outcomes and Approvals

The Board of Directors meeting commenced at 12:00 PM and concluded at 12:40 PM on Tuesday, December 23, 2025, at the registered office located at Vibrant Mega Industrial Park, Ahmedabad. The board approved the Letter of Offer, Abridged Letter of Offer, and other issue materials to be filed with BSE Limited and dispatched to eligible equity shareholders as on the record date of December 22, 2025.

Rights Issue Schedule and Timeline

The board has established a comprehensive timeline for the rights issue process, with the issue opening on December 31, 2025, and closing on January 19, 2026. The last date for on-market renunciation of rights entitlements has been set for January 13, 2026, providing eligible shareholders with sufficient time for decision-making.

ISIN Allocation and Technical Details

Pulsar International has been allocated the International Securities Identification Number (ISIN) INE183U20014 specifically for the Rights Entitlement (RE) credit process. The rights entitlements of eligible equity shareholders will be credited to their respective demat accounts under this ISIN prior to the issue opening date.

Regulatory Compliance and Flexibility

The communication to BSE Limited, made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensures full regulatory compliance. The board has retained the right to extend the issue period as determined from time to time, provided the total duration does not exceed 30 days from the opening date. Additionally, no withdrawal of applications will be permitted after the issue closing date.

Eligible equity shareholders are advised to ensure that renunciation through off-market transfer is completed such that rights entitlements are credited to the demat account of the renouncee(s) on or prior to the issue closing date, facilitating smooth participation in this significant capital raising exercise.