Pritika Auto Industries has scheduled its 46th annual general meeting for Tuesday, September 29, 2026. The meeting will be conducted through video conferencing and other audiovisual means at 11:30 am.

Ordinary Business

Shareholders will consider the adoption of the audited financial statements for the fiscal year ended March 31, 2026. This includes both standalone and consolidated financial reports along with the respective auditor and board reports.

The agenda also lists the appointment of Mr. Ajay Kumar (DIN: 02929113) as a director liable to retire by rotation. He is eligible for reappointment.

Special Business

The meeting will seek approval for the reappointment of two independent directors for their second consecutive terms:

• Mr. Aman Tandon (DIN: 02159395): His second term of five years will run from November 8, 2026, to November 7, 2031.
• Mrs. Kritika Goyal (DIN: 10594051): Her second term of five years will run from April 23, 2027, to April 22, 2032.

Both directors have submitted declarations confirming their independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI LODR Regulations, 2015. Their remuneration will be determined by the Board or the Nomination and Remuneration Committee within statutory limits.

Cost Auditor Remuneration

The company seeks ratification for the remuneration of M/s. Verma Khushwinder & Co., Cost Accountants (FRN: 000469). The approved fee is ₹1,15,000 plus applicable taxes and out-of-pocket expenses for the audit of cost records for the financial year ending March 31, 2027.

Pritika Auto Industries has signed a Memorandum of Understanding (MoU) with Spark Grid Private Limited for a 25-year solar power supply arrangement. The agreement aims to generate estimated savings of ₹110 crore for the Pritika Group of Industries over the tenure.

The deal was announced on August 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The long-term partnership is designed to improve operational efficiency and increase the share of renewable energy in the group’s power mix.

Deal Structure and Savings

The savings from the solar power arrangement will be distributed across group entities. Pritika Engineering Components Limited and Meeta Castings Limited are expected to benefit from approximately ₹70 crore in savings. Pritika Auto Industries Limited will account for the balance savings over the 25-year period.

To execute the project, a Special Purpose Vehicle (SPV) will be established. Pritika Engineering Components Limited is expected to hold 26% equity in the SPV on behalf of the group, subject to regulatory approvals and documentation completion.

Management Commentary

Harpreet Singh Nibber, Chairman and Managing Director, stated that the arrangement marks a significant step in enhancing energy efficiency. He noted that the competitive tariff rate over 25 years is expected to result in the projected ₹110 crore in savings. The SPV structure allows the group to participate in renewable energy opportunities while supporting its sustainability agenda.

What the Numbers Show

The allocation of savings reveals a concentration of cost benefits within the manufacturing subsidiaries. With ₹70 crore of the total ₹110 crore savings attributed to Pritika Engineering Components Limited and Meeta Castings Limited, these entities are expected to capture approximately 64% of the financial benefit. This suggests that the solar power supply will primarily target the high-energy consumption units of the group, potentially improving margins for its precision machining and casting operations more significantly than for the parent company.