Pritika Auto Industries Ltd

Pritika Auto Industries Limited has filed its Annual Report for the financial year ended March 31, 2026, along with the notice for its 46th Annual General Meeting (AGM). The AGM is scheduled for September 29, 2026, to be held via Video Conferencing (VC) and other Audio Visual Means (OAVM) at 11:30 a.m. The report includes audited financial statements, director's and auditor's reports, corporate governance, and management discussion. The company has also made the Annual Report available on its website. Remote e-voting will be open from September 26 to September 28, 2026, with September 22, 2026, set as the cut-off date for eligibility. The Register of Members and Share Transfer books will be closed from September 23 to September 29, 2026.

Pritika Auto Industries Limited has announced its 46th Annual General Meeting (AGM) will be conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM) on Tuesday, September 29, 2026, at 11:30 AM. The agenda includes the adoption of audited financial statements for the fiscal year ending March 31, 2026, and consolidated financial statements. Key appointments are also on the agenda, including the reappointment of Mr. Ajay Kumar as a Director liable to retire by rotation. Additionally, the meeting will address the re-appointment of Mr. Aman Tandon and Mrs. Kritika Goyal for their second consecutive terms as Non-Executive Independent Directors, with their new terms set to commence from November 8, 2026.

Pritika Auto Industries Ltd, through its subsidiary Pritika Engineering Components Limited, has signed a 25-year Memorandum of Understanding (MOU) with Spark Grid Private Limited for solar power supply. This long-term green energy partnership is projected to yield significant cost savings of approximately ₹110 crore for the Pritika Group over the tenure. Pritika Engineering Components Limited and Meeta Castings Limited are expected to save around ₹70 crore, with the balance benefiting Pritika Auto Industries Limited. A Special Purpose Vehicle (SPV) will be established for the project, with Pritika Engineering Components Limited holding a 26% equity stake. This initiative aligns with the group's strategy to enhance operational efficiency, reduce energy costs, and bolster its sustainability agenda by increasing renewable energy usage.

Pritika Auto Industries Ltd has announced a book closure period from September 23, 2026, to September 29, 2026, inclusive. This closure is for the purpose of the Annual General Meeting (AGM) scheduled for September 29, 2026. The company has also set September 22, 2026, as the cut-off date for e-voting. E-voting will be open from September 26, 2026, at 9:00 a.m. to September 28, 2026, at 5:00 p.m. This notice is in compliance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pritika Auto Industries Ltd has announced that its Register of Members and Share Transfer Book will be closed from September 23, 2026, to September 29, 2026, inclusive. This closure is for the purpose of the Annual General Meeting (AGM) scheduled for September 29, 2026. The company has also set September 22, 2026, as the cut-off date for e-voting. E-voting will be open from September 26, 2026, at 9:00 a.m. to September 28, 2026, at 5:00 p.m.

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.

Pritika Auto Industries Limited reported its unaudited financial results for the first quarter ended June 30, 2026. Consolidated revenue from operations increased by 26.5% year-on-year to ₹144.97 crore. EBITDA grew by 11.8% to ₹19.50 crore, and Profit After Tax (PAT) rose by 16.7% to ₹7.11 crore. Production volumes were up 16% YoY to 14,368 tons. The company cited healthy customer demand and improved business volumes as key growth drivers. Management highlighted margin pressures due to raw material costs, expecting partial recovery in the next quarter. The company also announced a new order from KION USA and expects its LFC plant to reach 65-70% capacity utilization by year-end.

Pritika Auto Industries Ltd announced the re-appointment of M/s A.K. Sood & Associates as Internal Auditors and M/s Verma Khushwinder & Co. as Cost Auditors for the financial year 2026-27. The decisions were approved by the Board of Directors on August 8, 2026, based on the recommendation of the Audit Committee. The filing provides detailed profiles and registration information for both firms as per SEBI (LODR) Regulations, 2015.

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.

Pritika Auto Industries Ltd announced board approvals for director appointments and reappointments. Mr. Ajay Kumar is approved for appointment, retiring by rotation at the upcoming AGM. Mr. Aman Tandon and Mrs. Kritika Goyal have been reappointed as Independent Directors for a second five-year term, effective November 8, 2026, and April 23, 2027, respectively. These decisions are subject to member approval at the forthcoming Annual General Meeting. The filing details their qualifications, experience, and confirmation of not being debarred from holding office.