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Auto Components & Equipments
Management Change8 Aug 2026, 02:00 pm

Pritika Auto Industries: Ajay Kumar Appointed Joint Managing Director

AI Summary

Pritika Auto Industries Ltd announced a significant management change with the Board of Directors approving the elevation of Mr. Ajay Kumar from Whole-Time Director (Executive Director) to Joint Managing Director. This change is effective August 8, 2026, and is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Kumar, who holds a B.E. and MBA, brings over 31 years of industry experience, including 26 years with the Pritika Auto group, overseeing various functional areas with expertise in production and marketing. He is recognized as a Key Managerial Personnel under the Companies Act, 2013, and is not related to any other directors or KMPs. He is also confirmed not to be debarred from holding a directorial office.

Key Highlights

  • Ajay Kumar promoted to Joint Managing Director from Whole-Time Director.
  • Effective August 8, 2026, pending shareholder approval.
  • Kumar has 31+ years of experience, 26 with the company.
  • He is a Key Managerial Personnel under Companies Act, 2013.
  • No relation to other directors; not debarred from office.