Pritika Auto Industries has disclosed the receipt of an income tax demand notice of Rs. 1,83,81,330/- under Section 156 of the Income Tax Act, 1961, for Assessment Year 2025-26. The intimation, issued under Section 143(1) by the Centralized Processing Center, Income Tax Department, was received by the company on May 15, 2026, at 01:46 p.m. via email. The disclosure was made to the stock exchanges on May 16, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Tax Demand

The following table summarises the key particulars of the demand as disclosed by the company:

Reason for the Demand

According to the company, the demand has arisen due to an error in the computation of the Minimum Alternate Tax (MAT). Specifically, the book profit under Section 115JB was wrongly enhanced by Rs. 13,85,61,837/- on account of depreciation while calculating the MAT. The company has stated that this mistake is apparent from the record and does not reflect any actual violation or contravention on its part.

Company's Response and Planned Actions

Pritika Auto Industries has outlined the following steps it intends to take in response to the demand:

• Rectification Application: The company is filing a rectification under Section 154 of the Income Tax Act, 1961, before the Centralized Processing Center, Bangalore.
• Appeal: An appeal is being filed before the Appellant Authority.
• Management's Position: The management has stated that the mistake is rectifiable and that the demand is expected to be deleted upon disposal of the rectification and appeal proceedings.

Financial and Operational Impact

The company has stated that there is no material impact on its financials, operations, or other activities due to the demand raised for Assessment Year 2025-26 in the current financial year. No penalty, restriction, or sanction has been imposed pursuant to the communication, and no aberrations or non-compliances have been identified by the authority in the notice.

The disclosure was made by C B Gupta, Company Secretary & Compliance Officer of Pritika Auto Industries Limited, in accordance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015.

Pritika Auto Industries Limited has filed a disclosure with stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing them of a court order that set aside a land auction in which the company had participated as the highest bidder.

Background: E-Auction Bid and Highest Bidder Declaration

In continuation of its earlier intimation dated 20th February, 2026, the company disclosed that it had participated in an e-auction sale notice issued by the Official Liquidator attached to the Hon'ble High Court of Punjab and Haryana. The auction pertained to land and building admeasuring 64 Kanals situated at Village Simbli, Hoshiarpur Phagwara Road, Hoshiarpur, Punjab. Pritika Auto Industries had been declared the highest bidder by the Official Liquidator, Chandigarh, following the conclusion of the auction process.

Pending Litigation Prompts Court Petition

Subsequent to being declared the highest bidder, the company became aware that litigation was pending with respect to the said property. Given its intent to avoid involvement in legal proceedings related to the asset, Pritika Auto Industries approached the Hon'ble High Court of Punjab & Haryana, Chandigarh, with a prayer to set aside the auction.

The key details of the development are summarised below:

High Court Sets Aside Auction, Orders Refund

The Hon'ble High Court of Punjab & Haryana, Chandigarh, accepted the company's prayer and, vide its order dated 11th May, 2026, set aside the auction. The court further directed that the money paid by Pritika Auto Industries in connection with the bid be refunded to the company. The disclosure was signed by C B Gupta, Company Secretary and Compliance Officer, on 13th May, 2026, and has been submitted to both the National Stock Exchange of India Ltd and BSE Limited for their records.