Pritika Auto Industries to Acquire Land and Building for ₹6.22 Crore for Future Expansion
Pritika Auto Industries Limited will acquire land and a building for future expansion at a total purchase price of ₹6.22 Crore. The company has deposited ₹1.55 Crore as part of the payment. The property is located in Hoshiarpur, Punjab, and was acquired through an e-auction.
The purchase of land for expansion is a significant strategic move that can impact the company's long-term growth and operational capacity.
The acquisition of land and building for future expansion is a positive development for the company's growth prospects.
Pritika Auto Industries Limited has been declared the highest bidder for a land and building property located in Village Simbli, Hoshiarpur, Punjab. The property, measuring 64 Kanals and including an old plant and machinery, was purchased through an e-auction conducted by the official liquidator attached to the Hon’ble High Court of Punjab and Haryana, Chandigarh.
The acquisition is intended for the company's future expansion. The total purchase price for the land and building is ₹6,21,75,073 (approximately ₹6.22 Crore).
The payment schedule involves 10% paid before bidding, 25% of the bid amount to be deposited within 7 days of the e-auction, and the full remaining payment within 60 days of the bid's approval by the High Court. The company has already deposited ₹61,55,948 as earnest money and an additional ₹93,87,820 after being declared the highest bidder, totaling ₹1,55,43,768 (25% of the bid amount).
The company has confirmed that the transaction does not fall within related party transactions and the parties involved are not related to the promoter or group companies. The announcement was made on 20th February 2026.
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Pritika Auto Industries Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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