Pritika Auto Industries Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
PRITIKAUTO · price
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Pritika Auto Industries informed the exchanges that shareholders approved three amendments to the company's Memorandum of Association at the 45th AGM held on 20th September 2025. First, the company has deleted all 'Other Objects' clauses (III(C) 42 to III(C) 65), narrowing the broad range of permitted business activities listed in its charter. Second, the liability clause was replaced with the standard 'limited by shares' wording. Third, the capital clause was restructured to authorize a share capital of Rs. 40 crore divided into 20 crore equity shares of Rs. 2 each, which implies a 5-for-1 stock split (from a Rs. 10 face value) compared to typical pre-split structure. The disclosure was filed under Regulation 30 of SEBI LODR rules.
The face value change to Rs. 2 per share effectively signals a 5:1 stock split, which usually makes shares more affordable for retail investors and can improve liquidity, though it does not change the company's underlying value. Deleting the broad 'other objects' clauses is routine housekeeping and does not affect current operations, but means future diversification into unrelated businesses would require shareholder approval again.