Pulsar International Ltd — Important, 30-05-2026: Company Update

Pulsar International submitted its Monitoring Agency Report on the utilization of ₹35.695 Cr raised through a Rights Issue. The report noted a ₹1.64 Cr interchange in fund allocation between Incremental Working Capital (now ₹14.99 Cr) and General Corporate Purposes (now ₹7 Cr), which the Board approved as an allocation change, not a deviation from original objects. The report also highlighted a significant decline in promoter shareholding from 8.18% to 2.53% and an 85% share price drop over the past 12 months. Concerns were also raised regarding concentrated transactions with single parties and frequent changes in compliance officers.