Pritika Industries Limited , acting as a promoter entity, has acquired additional equity shares in Pritika Auto Industries Ltd through an open market transaction. The acquisition was formally disclosed to stock exchanges on March 17, 2026, in compliance with regulatory requirements under SEBI takeover regulations.

Share Acquisition Details

The company purchased 12,703 equity shares of Rs. 2/- each from the open market on March 9, 2026. The transaction was executed through Mr. Harpreet Singh Nibber, Director of Pritika Industries Limited (DIN: 00239042).

Updated Shareholding Position

Following the acquisition, Pritika Industries Limited's shareholding position has been updated with marginal changes in percentage holding.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company submitted the prescribed format containing detailed acquisition information to both BSE Limited and National Stock Exchange of India Limited.

Pritika Auto Industries Ltd maintains its equity share capital at Rs. 33,30,25,334/-, comprising 16,65,12,667 equity shares of Rs. 2/- each, fully paid up. The total diluted share capital remains unchanged following this transaction.

Corporate Structure

Pritika Industries Limited operates as the promoter entity for Pritika Auto Industries Ltd, with its registered office and works located at C-94, Phase VII, Industrial Focal Point, S.A.S. Nagar (Mohali)-160055. The company holds CIN U85100 PB 1997 PLC 038216 and maintains its corporate governance through regular regulatory disclosures and compliance procedures.

Pritika auto industries Ltd has successfully emerged as the highest bidder in an e-auction for industrial land and building in Punjab, marking a significant step in the company's expansion strategy. The official liquidator attached to the High Court of Punjab and Haryana declared the company's bid as successful on February 20, 2026.

Property Acquisition Details

The acquired property is strategically located at Village Simbli, Hoshiarpur Phagwara Road, Hoshiarpur, Punjab, covering a substantial area of 64 Kanals. The property comprises two separate land parcels documented under Wasika numbers 3348 and 3347, both dated October 1, 1993.

Financial Commitment and Payment Structure

The company has demonstrated strong financial commitment by adhering to the structured payment schedule outlined in the e-auction terms. The payment framework requires strategic disbursement across multiple phases to secure the property acquisition.

The payment schedule mandates 10% deposit before bidding, 25% within seven days of auction completion, and full settlement within 60 days of High Court approval.

Strategic Expansion Initiative

This acquisition represents a calculated expansion move for Pritika Auto Industries, with the company explicitly stating the property's intended use for future expansion. The industrial land provides substantial space for manufacturing operations and infrastructure development.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of SEBI (LODR) Regulations 2015, ensuring full transparency with stock exchanges. The company confirmed this is not a related party transaction and will not impact management control structure.

Transaction Framework

The e-auction was conducted by the official liquidator attached to the High Court of Punjab and Haryana, Chandigarh, ensuring legal compliance and transparent bidding process. The acquisition includes existing plant and machinery on the premises, potentially providing additional operational value for the company's expansion plans.