Pritika Auto Industries Limited has informed the Exchange about investment by the Subsidiary Company
PRITIKAUTO · price
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Pritika Auto Industries' subsidiary, Pritika Engineering Components Limited, has invested USD 50,000 to acquire 100% stake in Omnia Engineering Inc., a US-based company incorporated in Delaware. The investment covers 5,00,000 shares at USD 0.10 per share. Omnia Engineering Inc. was incorporated in May 2025 and has not yet started operations. Following the share allotment, Omnia will become a wholly-owned subsidiary of Pritika Engineering Components and a step-down subsidiary of the listed company. The transaction qualifies as a related party transaction but has been conducted at arm's length. The stated objective is to leverage growth opportunities in the US markets.
This represents a modest overseas expansion through a subsidiary, allowing Pritika Auto Industries to establish a foothold in the US engineering market. Since Omnia is pre-operational, the financial impact on the parent company is minimal in the near term, though it signals strategic intent for international growth.