Pritika Auto Industries announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a consolidated revenue from operations of ₹482.95 crore for FY26, a growth of 35.32% from ₹356.89 crore in the previous year. Profit after tax for the year stood at ₹23.20 crore. For the quarter ended March 31, 2026, revenue increased by 36.20% year-on-year to ₹138.46 crore, while PAT rose 7.62% to ₹4.77 crore. The board approved the Standalone and Consolidated Audited Financial Statements and Results on May 23, 2026. Subsequently, the company issued a corrigendum on May 26, 2026, to correct a printing mistake in the notice published in a regional Punjabi newspaper, Rozana Spokesman.

Financial Performance Overview

The company achieved production volumes of 52,620 tons during FY26, registering a growth of 30.62% compared to the prior year. EBITDA for the year grew 24.30% to ₹71.03 crore. In Q4 FY26, EBITDA increased by 16.21% to ₹16.64 crore.

*Excluding Other Income

Operational Highlights

Management attributed the revenue growth to healthy demand from key OEM customers and improved production volumes. EBITDA per ton for FY26 stood at ₹13,499, while realization per ton improved to ₹91,780. The company noted that margins remained under pressure due to elevated raw material costs and changes in product mix.

Strategic Developments

During the year, Pritika Engineering Components Limited, a subsidiary, initiated investment in Omnia Engineering Inc., USA. Upon completion of the allotment process, Omnia Engineering Inc. will become a wholly owned subsidiary of Pritika Engineering Components Limited and a step-down subsidiary of the company, strengthening its international presence.

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.