Pritika Engineering Components Approves Massive Capital Infusion Through Preferential Allotment and Loan Conversion
Pritika Engineering Components Limited announced significant outcomes from its Board of Directors meeting held on August 19, 2026, approving multiple preferential allotment issues, including the conversion of unsecured loans into equity shares for the promoter group.The board approved the issuance of up to 50 lakh Equity Shares to the Promoter/Promoter Group, totaling Rs 32 crore. This issue pertains to the conversion of an outstanding unsecured loan into equity shares. The terms stipulate a face value of Rs 5/- per share and were set at an Issue Price of Rs 64/- each (including a premium of Rs 59/-).
The proposed allottee for this tranche is Pritika Auto Industries Limited, covering the full allotment of 50 lakh Equity Shares.
Preferential Allotment to Public Investors
Separate approval was given for the issuance of equity shares to non-promoters and the public, aggregating up to Rs 7.68 crore. Under these terms, a maximum of 12 lakh Equity Shares were approved for allotment at an Issue Price of Rs 64/-, which includes a premium of Rs 59/- per share.The equity shares are being allotted in cash consideration to various entities. A total of 12 lakh shares across 11 proposed allottees have been identified, as detailed below:
| S. No. | Name of the Proposed Allottee | Category | Maximum Shares To Be Allotted |
|---|---|---|---|
| 1 | Karan Pankajbhai Shah | Non-Promoter, Public | 2,50,000 |
| 2 | Amiben Jigneshkumar Shah | Non-Promoter, Public | 2,50,000 |
| 3 | Akash Lalabhai Patel | Non-Promoter, Public | 1,24,000 |
| 4 | Kusumben Hiralal Shah | Non-Promoter, Public | 1,26,000 |
| 5 | MayurKumar A Khara | Non-Promoter, Public | 24,000 |
| 6 | AmitKumar ArunKumar Khara | Non-Promoter, Public | 26,000 |
| 7 | Shah Shilpabahen Alpesh | Non-Promoter, Public | 50,000 |
| 8 | Shah Hetalben Rajesh | Non-Promoter, Public | 50,000 |
| 9 | Chaitaliben Tejasbhai Shah | Non-Promoter, Public | 50,000 |
| 10 | Shah Nilaben C | Non-Promoter, Public | 50,000 |
| 11 | Jasjot Singh | Non-Promoter, Public | 2,00,000 |
Approval of Convertible Warrants Issue
The Board also sanctioned the preferential issuance of fully convertible warrants to a non-promotor public entity. The issue covers up to 4 lakh warrants at an Issue Price of Rs 64/- per warrant. This transaction is expected to raise up to Rs 2.56 crore, and it involves Healthy Biosciences Limited as the proposed allottee.These warrants are designed to be convertible into fully paid-up equity shares of the Company having a face value of Rs 5/-. The conversion process allows for exercise within an eighteen month period from the date of allotment.
Operational Approvals
In addition to these capital structuring decisions, the board approved the Directors Report for the fiscal year ended March 31, 2026. Furthermore, the meeting addressed operational matters related to the company's Annual General Meeting (AGM), which is scheduled for September 17, 2026. The company also appointed Mr Sushil K Sikka, Practicing Company Secretary, as Scrutinizer to conduct the voting process for the AGM.PRITIKA Stock Price Movement
Pritika Engineering Components Limited maintains its value today, with shares holding steady at ₹60.00 as of 1:36 PM in live trading. So far in the session, the equity has seen a total traded quantity of 26,000 units on the exchanges.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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