Pritika Auto Industries Approves Change of Designation for Ajay Kumar; Names Him Joint Managing Director
Pritika Auto Industries Limited has approved a change in the designation of Mr. Ajay Kumar following a Board of Directors meeting held on August 8, 2026. Subject to approval by shareholders at the forthcoming Annual General Meeting (AGM), Mr. Kumar will assume the role of Joint Managing Director of the company.The company's Board of Directors approved the change in designation for Mr. Ajay Kumar from Whole-time Director to Joint Managing Director with effect from August 8, 2026. Under this new capacity, Mr. Ajay Kumar will also function as a Key Managerial Personnel as defined under Section 203 of the Companies Act, 2013.
The change in designation was recommended by the Nomination and Remuneration Committee.
Profile and Role Details of Ajay Kumar
Mr. Ajay Kumar is detailed as part of the company's management structure following his promotion to Joint Managing Director. The core details regarding Mr. Kumar are summarized below:| Particulars | Detail |
|---|---|
| Designation Change | From Whole-time Director to Joint Managing Director |
| Effective Date | August 8, 2026 |
| Role Status | Key Managerial Personnel under Section 203 of the Companies Act, 2013 |
| Age and Education | Aged 52 years, holding Bachelor's degree in Engineering (B.E.) with M.B.A. |
| Experience | Over more than 31 years in industry; associated with the group for 26 years. |
| Expertise | Extensive knowledge of company operations, possessing rich experience and expertise in production and marketing. He is an approved Internal Auditor for ISO. |
| Relationships | Mr. Ajay Kumar is not related to any other Director or Key Managerial Personnel of the Company. |
PRITIKAUTO Stock Price Movement
On Friday, shares of Pritika Auto Industries Limited slipped by 0.11% to settle at ₹18.22, trading down ₹0.02 from previous close. The stock saw a daily low of ₹18.00 and accounted for 61,421 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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