Pritika Auto Industries Ltd has moved to refresh its board composition, approving the appointment of one director and the reappointment of two independent directors in a meeting held on August 8, 2026. The changes, which include the entry of Ajay Kumar and the continued tenure of Aman Tandon and Kritika Goyal, are pending final approval by shareholders at the company’s forthcoming Annual General Meeting (AGM). These appointments aim to maintain continuity in governance while bringing in experienced leadership for operational oversight.

The Board of Directors acted on recommendations from the Nomination & Remuneration Committee to finalize these appointments. The filings were submitted pursuant to Regulation 30 of the SEBI Listing Regulations and the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Chander Bhan Gupta, Company Secretary & Compliance Officer, signed off on the disclosures submitted to both the National Stock Exchange of India Ltd and BSE Limited.

Director Appointments and Reappointments

The Board approved three key personnel changes:

• Ajay Kumar: Appointed as a director retiring by rotation at the forthcoming AGM. His appointment takes effect from the date of the AGM.
• Aman Tandon: Reappointed as an Independent Director for a second consecutive term of five years, effective November 8, 2026.
• Kritika Goyal: Reappointed as an Independent Director for a second consecutive term of five years, effective April 23, 2027.

All three individuals have confirmed they are not debarred from holding office as directors by any SEBI order or other authority, as per NSE Circular no. NSE/CML/2018/24 dated June 20, 2018. None of the appointed directors are related to other Directors or Key Managerial Personnel of the company.

Profiles of Appointed Directors

The new and continuing directors bring diverse expertise to the board, ranging from engineering and operations to corporate strategy and legal compliance.

Ajay Kumar’s extensive tenure within the group positions him to oversee functional areas with deep institutional knowledge. Meanwhile, Aman Tandon’s background in aeronautical engineering and corporate strategy complements Kritika Goyal’s legal and compliance expertise, ensuring a balanced board perspective for regulatory adherence and strategic growth.

Pritika Auto Industries has approved the change in designation of Ajay Kumar from Whole-time Director to Joint Managing Director, effective August 8, 2026. The Board of Directors made the decision during its meeting on August 8, 2026, based on the recommendation of the Nomination and Remuneration Committee. This structural adjustment aims to align leadership roles with operational responsibilities, subject to final approval by shareholders at the forthcoming Annual General Meeting (AGM).

The designation change is disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated January 30, 2026. Under Section 203 of the Companies Act, 2013, Mr. Kumar will be classified as a Key Managerial Personnel. The company confirmed that he is not related to any other director or key managerial personnel and is not debarred from holding office by any regulatory authority.

Leadership Transition Details

Ajay Kumar, aged 52, brings over 31 years of industry experience and has been associated with the group for the past 26 years. He holds a Bachelor's degree in Engineering and an MBA. Currently serving as Executive Director, his new role as Joint Managing Director will see him continue to oversee all functional areas of the business. He possesses extensive knowledge of the company’s operations, with specific expertise in production and marketing. Additionally, he is an approved Internal Auditor for ISO standards.

The Board also approved other governance matters during the same meeting. Aman Tandon and Kritika Goyal were reappointed as Independent Directors for second terms, effective November 8, 2026, and April 23, 2027, respectively. These appointments, along with Mr. Kumar’s designation change, require shareholder ratification at the AGM.

Financial Context

This leadership update follows Pritika Auto Industries’ Q1FY26 results, where consolidated net profit rose 16.7% year-on-year to ₹7.11 crore. Revenue from operations surged 26.5% to ₹144.97 crore, driven by higher volumes and improved pricing. Standalone net profit grew modestly by 1.5% to ₹4.13 crore.

The financial results were reviewed by Sunil Kumar Gupta & Co., Chartered Accountants. The Board also approved material related party transactions expected over the next five years, pending shareholder approval.