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.

Pritika Auto Industries reported a 35.32% year-on-year increase in consolidated revenue to INR482.95 crores for the financial year 2026, driven by volume growth and a better product mix. The company posted a profit after tax of INR23.20 crores for the year, with EBITDA margins standing at 14.71%. Management outlined a medium-term revenue target of INR600 crores, supported by capacity expansion and diversification into railways and exports.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a revenue of INR138.46 crores, a growth of 36.20% year-on-year. EBITDA for the quarter was INR16.64 crores with a margin of 12.02%, while profit after tax stood at INR4.77 crores. The full-year performance marked the company's strongest annual revenue since listing.

Operational Highlights and Capacity

Production volumes for FY26 reached 52,620 metric tons, the highest in the company's history. The total installed capacity exceeds 72,000 metric tons per annum, with current utilization around 73% to 74%. Management plans to add approximately 7,800 metric tons of capacity in the first half of financial year 2027, taking total capacity to roughly 80,000 metric tons. Further expansion of 20,000 to 24,000 metric tons is planned for financial year 2028 using Lost Foam Casting (LFC) technology, targeting a total capacity of 1 lakh tons.

Strategic Outlook

The company is focusing on high-value large castings to improve realization and margins. It expects initial revenue contributions from its railway diversification segment in financial year 2027. In April 2026, subsidiary Pritika Engineering Components Limited invested $50,000 in Omnia Engineering Inc., a U.S. entity, as part of a strategy to establish a foothold in the international market. Management expects to grow revenue by around 15% annually over the next two years to achieve the INR600 crore target.