Pulsar International Limited has announced a key board change with the resignation of one of its independent directors due to personal reasons.

Director Resignation Details

Mr. Kaushik Kiritkumar Modi (DIN: 09462028) has resigned from his position as Additional (Non-Executive) Independent Director of Pulsar International Limited, effective from the close of business hours on December 18, 2025. The resignation was communicated through a formal letter dated December 18, 2025, citing personal reasons for his departure.

The key details of the resignation are presented below:

Regulatory Compliance and Confirmation

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to BSE Limited, where the company's shares are listed under scrip code 512591.

As required under Regulation 30 read with Schedule III, Para A, Clause (7B) of SEBI (LODR) Regulations, 2015, the company has received confirmation from Mr. Modi through his letter dated December 18, 2025, stating that there are no material reasons for resignation other than those mentioned in his resignation letter.

Resignation and Confirmation Letters

In his resignation letter addressed to the Board of Directors, Mr. Modi expressed gratitude to the management and staff for their support and assistance during his tenure. He wished the organization and his colleagues a bright and prosperous future. The resignation letter was submitted from his Ahmedabad address.

Additionally, Mr. Modi provided a separate confirmation letter as required by SEBI regulations, explicitly stating that there are no other material reasons for his resignation beyond those stated in his original resignation letter. This confirmation enables the company to make appropriate disclosures to stock exchanges and other regulatory authorities.

Corporate Governance Impact

The resignation represents a change in the company's board composition, specifically affecting the independent director structure. The company has indicated that necessary intimations will be made to the Registrar of Companies and other relevant authorities as required under corporate governance norms.

Pulsar International Limited, incorporated in Gujarat with CIN L46209GJ1990PLC152223, continues its operations from its facility at Vibrant Mega Industrial Park in Ahmedabad. The board change comes as part of the normal course of corporate governance transitions.

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.