PRITIKAUTONSEPritika Auto Industries LimitedMediumNeutral
Announced Wed, 13 Aug · 15:09 IST

Pritika Auto Industries Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

PRITIKAUTO · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

On August 13, 2025, the Board of Pritika Auto Industries approved three auditor-related decisions on the recommendation of the Audit Committee. M/s. A.K. Sood & Associates was reappointed as Internal Auditor for FY 2025-26. M/s. Verma Khushwinder & Co. was newly appointed as Cost Auditor for FY 2025-26. M/s S K Sikka & Associates was appointed as Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM. All three firms are independent of the company's directors. The secretarial auditor appointment requires member approval, while the other two appointments are effective immediately.

Likely market impact

This is a routine governance update with no material impact on shareholders. None of the changes signal any governance concerns — the internal auditor was reappointed (continuity maintained), and the newly appointed cost and secretarial auditors are independent of the board. The 5-year secretarial auditor term needs shareholder nod at the next AGM.