Notice of Postal Ballot
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Pulsar International Limited has issued a Postal Ballot notice dated 17th June 2025 seeking shareholder approval for two special businesses. First, the company proposes to increase its authorised share capital from Rs. 12 crore (12 crore equity shares of Rs. 1 each) to Rs. 20 crore (20 crore equity shares of Rs. 1 each), creating room for 8 crore additional shares to raise fresh equity capital. Second, it proposes to appoint M/s J. Singh & Associates, Chartered Accountants (FRN: 110266W) as the new Statutory Auditor for a five-year term (FY 2025-26 to 2029-30), replacing the outgoing auditor M/s H. G. Sarvaiya & Co. whose tenure is ending at the upcoming AGM. Voting will be conducted via remote e-voting through CDSL from 19th June 2025 to 18th July 2025, with the cut-off date set as 13th June 2025.
If approved, the authorised capital hike gives the company flexibility to issue new equity shares in the future, which could lead to dilution for existing shareholders. The auditor change is a routine regulatory requirement but investors should note the leadership transition in financial oversight.