Pritika Auto Industries Limited has informed the Exchange about General Updates under Regulation 30 of SEBI (LODR) Regulations 2015 for purchase of land
PRITIKAUTO · price
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Pritika Auto Industries has been declared the highest bidder in an e-auction conducted by the Official Liquidator attached to the Punjab and Haryana High Court for land and a building spread across 64 Kanals in Village Simbli, Hoshiarpur, Punjab. The total purchase price is Rs. 6.22 crore, and the property includes old plant and machinery already installed on the site. The company has stated the acquisition is intended for future expansion of its operations. So far, Rs. 1.55 crore (25% of the bid amount) has been deposited, with the balance to be paid within 60 days of High Court approval of the bid. The transaction is not a related-party deal and does not impact management or control of the company.
This is a modest, expansion-oriented land purchase that signals management's growth intent but is not immediately revenue-generating. For shareholders, the move shows long-term capacity-building plans, though the actual benefit will depend on how quickly the new facility is put to use and whether expansion plans materialise.