Pritika Auto Industries Ltd reported that the Hon'ble High Court of Himachal Pradesh allowed its writ petition and set aside the order rejecting its GST refund claim. The court's decision, dated October 7, 2026, resolves a dispute initiated in April 2025 regarding the rejection of a demand for refund under the Scheme of Budgetary Support.

The company received a copy of the order at 10:11 am on October 8, 2026. This development follows an earlier intimation filed on April 19, 2025, which informed stock exchanges about the filing of the writ petition against the Deputy Commissioner, GST Division, Dharamshala.

Litigation Timeline and Outcome

The legal proceedings originated from an order passed by the Deputy Commissioner, GST Division, Dharamshala, Himachal Pradesh, on February 3, 2025. This order had rejected Pritika Auto Industries' demand for a refund under the Scheme of Budgetary Support. In response, the company filed a Writ Petition before the Hon'ble High Court of Himachal Pradesh on April 19, 2025.

The High Court's recent judgment allows the petition and quashes the impugned order from February 2025. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Disclosure Details

The company provided updates as required under sub-para (8) of Para (B) of Part (A) to Schedule III of Regulation 30 of SEBI Listing Regulations. The disclosure confirmed that there were no settlements involving key management personnel or promoters related to this matter. Additionally, no compensation or penalty details were applicable as the matter was resolved through judicial intervention rather than settlement.

Pritika Auto Industries has approved the change in designation of Ajay Kumar to Joint Managing Director with effect from August 8, 2026. The decision was ratified by shareholders during the company's 46th Annual General Meeting held via video conferencing on September 29, 2026.

Kumar previously served as Whole-time Director and was designated as Executive Director. With this elevation, he assumes the role of Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013. The move formalizes his leadership position within the auto components manufacturer.

Profile and tenure

Ajay Kumar brings extensive experience to the senior leadership team. He holds a Bachelor's degree in Engineering and an MBA. His professional background includes over 31 years in the industry, with a significant portion spent within the Pritika group.

Key aspects of his profile include:

• Industry Experience: More than 31 years across various functional areas.
• Group Tenure: Associated with the group for the last 26 years.
• Expertise: Deep knowledge of production and marketing operations.
• Certifications: Approved Internal Auditor for ISO standards.

Regulatory disclosures

The appointment complies with Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Kumar is not related to any other Director or Key Managerial Personnel. Additionally, he is not debarred from holding office by any SEBI order or other authority.

The change reflects a strategic consolidation of managerial roles, positioning Kumar as a primary operational lead alongside existing management. The company filed the disclosure with both National Stock Exchange and BSE Limited on September 30, 2026.