Pritika Auto Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 24, 2025.
PRITIKAUTO · price
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The Board of Directors of Pritika Auto Industries met on June 24, 2025 (10:45 a.m. to 11:15 a.m.) and approved key governance changes. Mr. Bishwanath Choudhary (DIN: 02313294), aged around 70, was appointed as an Additional Independent Director for a five-year term, subject to shareholder approval at the upcoming AGM. He is a Fellow member of ICSI and ICMAI, an MBA, a registered Insolvency Professional with IBBI, and brings 47 years of experience in finance and corporate matters in the steel and infrastructure sectors. Mr. Narinder Kumar Tyagi, the 61-year-old CFO and Chartered Accountant with 34 years of experience, was approved for re-appointment as a director retiring by rotation. The Board also reconstituted the Audit Committee and the Nomination & Remuneration Committee, with Mr. Choudhary chairing both committees.
These are routine corporate governance changes with no direct impact on financials or operations. The addition of a seasoned independent director with deep finance and insolvency expertise strengthens board oversight, which is a positive signal for governance quality. Shareholders will vote on the new independent director's appointment at the next AGM.