Resignation of CFO Mr. Vipul Panchal
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Mr. Vipul Panchal has resigned as Chief Financial Officer of Pulsar International Ltd, with effect from the close of business on 1st June 2026, citing personal reasons and his intention to pursue a career in law. The Board has accepted the resignation and placed on record its appreciation for his services. To ensure continuity, the Board has appointed existing Executive Whole-time Director Mr. Sohilkumar Dineshkumar Patel as Interim CFO from 2nd June 2026, until a permanent CFO is hired. Mr. Patel, a Gujarat University graduate with agri-business experience, has been on the Board as an Additional Executive Whole-time Director since 16th March 2026. The outgoing CFO confirmed in his resignation letter that there are no other reasons behind his departure.
The exit is attributed to personal career reasons rather than any dispute, and an internal director has been quickly tapped as interim CFO, which should limit short-term disruption. However, investors should watch for a timely announcement of a permanent CFO, as prolonged interim arrangements at a small-cap company can sometimes signal governance or transition risk.