Sub: Updation under Regulation 30 of SEBI (LODR) Regulations 2015 on purchase of land Dear Sir,This is in continuation to our intimation dated 20th February, 2026 informing you that the Company made a bid under e-auction sale notice issued by the official liquidator (attached to Hon ble High Court of Punjab and Haryana), for Land and Building admeasuring 64 Kanals situated at Village Simbli, Hoshiarpur Phagwara Road, Hoshiarpur, Punjab and had been declared as the highest bidder by the Official Liquidator, Chandigarh.In this respect the Company learnt that litigation was pending regarding this property. The Company prayed the Hon ble High Court of Punjab & Haryana, Chandigarh to set aside the auction as the Company did not wish to involve itself in litigation. The Hon ble High Court on the request of the Company set aside the auction and ordered for refund of money to the Company vide its order dated 11/05/2026. We request you to take the above disclosure on your record.
PRITIKAUTO · price
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Pritika Auto Industries had won an e-auction bid for land and building (64 Kanals) in Village Simbli, Hoshiarpur, Punjab, being sold by an official liquidator attached to the Hon'ble High Court of Punjab and Haryana. After discovering that litigation was pending on the property, the company requested the High Court to set aside the auction to avoid getting involved in a legal dispute. The High Court accepted the company's prayer and vacated the auction, ordering a refund of the money paid. The company states the auction has been fully cancelled with no ongoing litigation involvement.
No financial loss to the company as the refund was ordered. This represents a failed acquisition attempt rather than any material positive or negative development for shareholders — the company simply avoided a potentially problematic asset.