Pritika Auto Industries Limited, a prominent player in the auto components sector, has announced the appointment of Mr. Bishwanath Choudhary as an Independent Director for a five-year term. The decision was approved by shareholders at the company's 45th Annual General Meeting (AGM) held on September 20, 2025.

Key Highlights of the Appointment

• Term of Appointment: Mr. Choudhary's tenure as an Independent Director will be effective from June 24, 2025, for a period of five years.
• Professional Background: Mr. Choudhary, aged around 70 years, brings a wealth of experience to the board. He is a Fellow member of both the Institute of Company Secretaries of India and the Institute of Cost Accountants of India. Additionally, he holds an MBA degree.
• Industry Experience: With an impressive 47 years of experience in Finance and Corporate matters, particularly in the Steel and Infrastructure Industry, Mr. Choudhary's expertise is expected to be valuable for Pritika Auto Industries.
• Current Role: Mr. Choudhary currently works as a Freelance Consultant.
• Additional Qualifications: He is registered as an Insolvency Professional and Valuer with the Insolvency & Bankruptcy Board of India, adding to his diverse skill set.

Other AGM Proceedings

The 45th AGM of Pritika Auto Industries Limited, conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM), also saw several other important resolutions being passed:

1. Financial Statements Adoption: The audited financial statements for the year ended March 31, 2025, were adopted.
2. Director Reappointment: Mr. Narinder Kumar Tyagi, who retired by rotation, was reappointed as a director.
3. Capital Structure Changes: The authorized share capital of the company was increased, with corresponding amendments to the Memorandum of Association.
4. Memorandum Alterations: The Other Objects Clause of the Memorandum of Association was deleted, and the Liability Clause was amended.
5. Auditor Appointments: A Secretarial Auditor was appointed, and the remuneration of the Cost Auditor was ratified.

Voting Results

All nine resolutions presented at the AGM were passed with overwhelming majority. The e-voting results showed strong shareholder support, with most resolutions receiving over 99% votes in favor.

Conclusion

The appointment of Mr. Bishwanath Choudhary as an Independent Director marks a significant addition to Pritika Auto Industries' board. His extensive experience in finance and corporate matters, coupled with his diverse qualifications, is expected to bring valuable insights to the company's strategic decisions and corporate governance.

Pritika Auto Industries Limited , a prominent player in the auto components sector, has announced significant changes to its corporate structure and leadership at its 45th Annual General Meeting (AGM). The company, known for its expertise in manufacturing tractor and automobile components, has taken decisive steps to streamline its operations and enhance corporate governance.

Memorandum of Association Amendments

In a move to refine its business focus, Pritika Auto has made substantial alterations to its Memorandum of Association:

• The company has completely deleted clauses III(C) 42 to III(C) 65 from its Object Clause, potentially signaling a more streamlined business approach.
• The Liability Clause has been updated to clearly state that member liability is limited to the unpaid amount on shares held.
• The Capital Clause has been amended to set the company's share capital at Rs. 40.00 crores, divided into 20 crore equity shares of Rs. 2.00 each.

Leadership Continuity and Enhancement

• Mr. Narinder Kumar Tyagi has been reappointed as a director. At 61 years old, Mr. Tyagi brings 34 years of experience as a Chartered Accountant to his role. He also serves as the company's Chief Financial Officer (CFO).
• Mr. Bishwanath Choudhary has been appointed as an Independent Director for a five-year term. At 70 years old, Mr. Choudhary is a Fellow member of the Institute of Company Secretaries of India and the Institute of Cost Accountants of India, and holds an MBA.

Enhanced Corporate Governance

Pritika Auto has appointed M/s S.K. Sikka & Associates as its Secretarial Auditor for a five-year term, spanning from the conclusion of the 45th AGM until the 50th AGM.

Shareholder Approval and Voting Results

All nine resolutions presented at the AGM were passed with overwhelming majority, with most receiving over 99% votes in favor.

These comprehensive changes at Pritika Auto Industries Limited reflect a strategic realignment of the company's structure and governance, positioning it for sustained growth and improved operational efficiency in the competitive auto components sector.