Pritika Auto Industries has approved the change in designation of Ajay Kumar to Joint Managing Director with effect from August 8, 2026. The decision was ratified by shareholders during the company's 46th Annual General Meeting held via video conferencing on September 29, 2026.

Kumar previously served as Whole-time Director and was designated as Executive Director. With this elevation, he assumes the role of Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. The move formalizes his leadership position within the auto components manufacturer.

Profile and tenure

Ajay Kumar brings extensive experience to the senior leadership team. He holds a Bachelor's degree in Engineering and an MBA. His professional background includes over 31 years in the industry, with a significant portion spent within the Pritika group.

Key aspects of his profile include:

• Industry Experience: More than 31 years across various functional areas.
• Group Tenure: Associated with the group for the last 26 years.
• Expertise: Deep knowledge of production and marketing operations.
• Certifications: Approved Internal Auditor for ISO standards.

Regulatory disclosures

The appointment complies with Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Kumar is not related to any other Director or Key Managerial Personnel. Additionally, he is not debarred from holding office by any SEBI order or other authority.

The change reflects a strategic consolidation of managerial roles, positioning Kumar as a primary operational lead alongside existing management. The company filed the disclosure with both National Stock Exchange and BSE Limited on September 30, 2026.

Pritika Auto Industries held its 46th Annual General Meeting on September 29, 2026, through Video Conferencing/Other Audio Visual Means. The meeting commenced at 11:30 am and concluded at 11:49 am, with shareholders approving the audited financial statements for the year ended March 31, 2026.

The Chairman, Harpreet Singh Nibber, declared the meeting in order after confirming the requisite quorum. He informed members that the notice convening the meeting, along with annual financial statements, auditor reports, directors' reports, and secretarial audit reports, had been circulated via email to registered shareholders. As there were no qualifications in the statutory auditors' or secretarial audit reports, these documents were taken as read.

Key resolutions passed

Eleven resolutions were proposed for consideration. Ordinary business included the adoption of standalone and consolidated financial statements for FY26 and the re-appointment of Ajay Kumar, who retired by rotation. Special business focused on governance continuity and related-party transactions.

During the proceedings, Chairman Nibber entrusted the conduct of agenda items 7 through 10 to Bishwanath Choudhary, Independent Director, due to his personal interest in those specific related-party transaction approvals. Choudhary resumed the chairmanship for the remaining items after these were transacted.

Director profiles and appointments

The company disclosed detailed profiles for the directors whose appointments or reappointments were approved. Ajay Kumar, aged 52 years, holds a Bachelor's degree in Engineering and an MBA. He has more than 31 years of industry experience and has been associated with the group for the last 26 years, overseeing all functional areas with expertise in production and marketing.

Aman Tandon, aged 51 years, holds a B.Tech in Aeronautical Engineering and serves as Managing Director of Milestone Gears Limited. He brings over 23 years of experience in operational management, corporate strategy, and client engagement. Kritika Goyal, aged 30 years, is a Qualified Company Secretary with an LLB. She works as Company Secretary with Punjab State Container and Warehousing Corporation Ltd and has more than four years of experience in the corporate sector.

The disclosures confirmed that none of the three directors are related to any other Director or Key Managerial Personnel of the company. Additionally, all three are not debarred from holding office by any SEBI order or authority.

Voting and attendance details

Voting was conducted electronically via remote e-voting, which opened on September 26, 2026, at 9:00 am and closed on September 28, 2026, at 5:00 pm. Members attending the meeting who had not voted earlier utilized the e-voting facility during the session. Sushil K Sikka of M/s S.K. Sikka & Associates served as the scrutinizer for the votes.

Directors present included Harpreet Singh Nibber (Chairman & MD), Ajay Kumar (Joint MD), Narinder Kumar Tyagi (Director Finance & CFO), Bishwanath Choudhary (Independent Director), Kritika Goyal (Independent Director), and Aman Tandon (Independent Director). Chander Bhan Gupta served as Company Secretary. Rahul Goyal, Partner at M/s Sunil Kumar Gupta & Co., attended as the representative of the statutory auditors.

Scrutinizer report and voting outcomes

On September 30, 2026, the company submitted the Consolidated Scrutinizer's Report to stock exchanges, confirming that all eleven resolutions set forth in the Notice of the Annual General Meeting were passed with requisite majority. The report detailed that 65,261 shareholders were on record as of September 22, 2026.

Attendance through video conferencing comprised four members from the promoter and promoter group and 41 public shareholders. No members attended in person or through proxy. The e-voting results indicated overwhelming support for all agenda items, with negligible dissenting votes across most resolutions.

For the related party transaction resolutions (Items 7 through 10), promoter and promoter group votes were excluded from the count as they were interested in these transactions. Consequently, the total votes polled for these items were limited to the public non-institutional category, which voted overwhelmingly in favour. The scrutinizer confirmed no invalid votes were cast in any category.