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.

Pritika Auto Industries has reappointed M/s A.K. Sood & Associates as its Internal Auditor and M/s Verma Khushwinder & Co as its Cost Auditor for the financial year 2026-27. The company’s Board of Directors approved both appointments during a meeting held on August 8, 2026, acting on the recommendation of the Audit Committee. These appointments ensure continuity in statutory compliance and financial oversight for the upcoming fiscal year.

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. Additionally, the company complied with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, by submitting detailed profiles of the appointed firms to the National Stock Exchange of India Ltd and BSE Limited.

Auditor Profiles

M/s A.K. Sood & Associates, Chartered Accountants (FRN 000072N), was reappointed as Internal Auditor. Established in February 1977, the partnership firm is peer-reviewed effective from August 6, 2024. The firm’s senior-most partner possesses 48 years of continuous practice experience. Key members include Ashok Kumar Sood (FCA 080232), Surendrajit Singh Uppal (FCA 012674), Subhash Bindlish (FCA 081521), Rajeev Gupta (FCA 090761), Sonal Bansal (FCA 505437), and Gaurav Sood (FCA 507583). The firm specializes in auditing, taxation, project consultancy, and financing.

M/s Verma Khushwinder & Co., Cost Accountants (FRN 000469), was reappointed as Cost Auditor. The firm’s partners include Khushwinder Verma (FCMA, practicing since August 1993), Meenu Verma (FCMA, practicing since February 2009), and Nishi Gupta (ACMA, practicing since June 2011). Collectively, the partners hold more than 33 years of experience. Their services encompass cost audit, maintenance of costing records, system installation, internal audit, stock audit, GST audit, and cost compliance reports.

Independence Confirmation

Both firms confirmed their independence from the company’s management. M/s A.K. Sood & Associates stated it is not related to any of the directors of Pritika Auto Industries Ltd. Similarly, M/s Verma Khushwinder & Co declared no relationship with any of the company’s directors. Chander Bhan Gupta, Company Secretary and Compliance Officer, signed the intimation letter dated August 8, 2026.