Pritika Auto Board Approves Subsidiary Capital Raise & Investment

Pritika Auto Industries Ltd's Board of Directors approved several key proposals during their meeting on August 18, 2026. These include enabling its subsidiary, Pritika Engineering Components Limited (PECL), to raise capital through a preferential issue of up to 64,00,000 equity shares and 4,00,000 convertible warrants. The company also approved an investment of up to 50,00,000 equity shares in PECL via preferential allotment against conversion of outstanding unsecured loans. Additionally, the board approved the Directors' Report for the year ended March 31, 2026, and finalized arrangements for the 46th Annual General Meeting, including the closure of the Register of Members and Share Transfer Books, and the appointment of a scrutinizer for e-voting.