Key Event Details

  • Resignation of CFO: Mr. Vipul Panchal tendered his resignation from the position of Chief Financial Officer of Pulsar International Limited via resignation letter dated June 1, 2026.
  • Effective Date of Cessation: Mr. Panchal was relieved from his duties effective close of business hours on June 1, 2026.
  • Reason for Resignation: Personal reasons and pursuit of a law career, as stated in his resignation letter.
  • Interim Appointment: The Board of Directors appointed Mr. Sohilkumar Dineshkumar Patel (DIN: 10877535), Executive Whole-time Director of the Company, as Interim Chief Financial Officer.
  • Interim Term Effective: June 2, 2026, until a regular Chief Financial Officer is appointed.

Details of Appointed Interim CFO (Mr. Sohilkumar Dineshkumar Patel)

  • DIN: 10877535
  • Education: Graduate from Gujarat University.
  • Professional Background: Actively engaged in agriculture business with practical experience in agricultural trading and related activities. Possesses understanding of agricultural markets, business operations, and management practices.
  • Current Role in Company: Additional Executive Whole-time Director since March 16, 2026.
  • Director Relationships: Not related to any Director of the Company.
  • Shareholding in Company: Nil.
  • Other Listed Company Directorships: Serves as director of Salasar Exteriors and Contour Limited.
  • Regulatory Status: Not debarred from holding office of Director or Key Managerial Personnel by any order of SEBI or other authority.

Board Action and Acknowledgements

The Board of Directors acknowledged the resignation and placed on record its appreciation for the valuable services rendered by Mr. Vipul Panchal during his tenure.

Additional Information from Resignation Letter

Mr. Panchal's resignation letter confirmed:

  • No reasons other than personal and career shift to law.
  • Request to file necessary forms with Registrar of Companies (ROC) and stock exchanges.
  • Request for copy of filed documents for his records.

Financial Impact

No financial impact quantified in the disclosure. The change represents a management restructuring without immediate capital or financial structure implications.