Dear Sir, This refers your email dated 14th May, 2026, directing us to submit fresh corporate announcement. As required by you we are submitting the fresh corporate announcement as per ....
PRITIKAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pritika Auto Industries had won an e-auction bid for land and building (64 Kanals) at Village Simbli, Hoshiarpur, Punjab through the Official Liquidator attached to Hon'ble High Court of Punjab and Haryana. The company later discovered pending litigation regarding the property and requested the High Court to set aside the auction. The court accepted the request and ordered a refund of money to the company on 11/05/2026. The intended purpose was future expansion, but the company decided to withdraw to avoid litigation involvement. This announcement clarifies details that were inadvertently omitted in an earlier disclosure.
No direct financial impact on shareholders as the company successfully exited the proposed acquisition and received a refund. The planned expansion through this land purchase will not proceed, which may affect future growth plans.