Statement of Deviation & Variation as per Regulation 32

Pulsar International Ltd has submitted its quarterly statement on the utilisation of proceeds from a Rights Issue. The company raised ₹35.695 crore by issuing 35,69,50,000 fully paid-up equity shares at ₹1 per share (face value ₹1) in the ratio of 5 rights shares for every 1 share held, with record date December 22, 2025. The filing is specifically titled as a 'Statement of Deviation(s) or Variation(s)', indicating that the actual deployment of funds differs from the originally disclosed use of proceeds. The statement was reviewed by the Audit Committee and approved by the Board of Directors on May 30, 2026. The detailed deviation statement is enclosed but not reproduced in this filing.