Nature of the Event

Shweta Jain & Co LLP, Chartered Accountants (Firm Registration No.: 127673W), resigned from the office of Statutory Auditor of Pulsar International Limited with effect from 17 August 2026.

Key Dates

  • Appointment Date: 19 December 2025 (to fill casual vacancy)
  • Resignation Effective: 17 August 2026
  • Term Schedule: Was to expire at conclusion of AGM in 2026

Reasons for Resignation

The resignation was submitted for professional and practical reasons:

1. Appointment Context: The audit assignment for FY 2025-26 was undertaken pursuant to appointment to fill a casual vacancy. The circumstances and limited time available made it difficult to complete the audit within required timelines.

2. Resource Constraints: Due to shortage of professional staff, the firm was unable to deploy adequate resources for the assignment, affecting their ability to provide required professional services within desired timelines.

3. Information Access Difficulties: There were practical difficulties in obtaining requisite information, records, explanations, and access to relevant data from the Company in a timely manner, resulting in delays in completing audit procedures and finalizing the audit report.

Audit Work Completed

Prior to resignation, the auditor had:

  • Issued the audit report for the financial year ended 31 March 2026
  • Issued the Limited Review report for the quarter ended 30 June 2026

Important Clarifications

The auditor specifically confirmed:

  • Resignation is not due to any dispute, disagreement, or professional misconduct on part of the Company or its management
  • The primary reasons are professional resource constraints and practical difficulties in timely completion
  • No concerns were raised with the Audit Committee/Board of Directors prior to resignation

Regulatory Requirements

The auditor requested the Company to complete all necessary statutory and regulatory formalities arising from the resignation, including:

  • Filing of prescribed forms with the Registrar of Companies
  • Making necessary disclosures wherever applicable